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MANU/DE/8473/2023

True Court CopyTM

IN THE HIGH COURT OF DELHI

CS (OS) 439/2023 and IA No. 13566/2023

Decided On: 15.12.2023

Appellants: Tejinder Pal Setia Vs. Respondent: Kone Elevators India Pvt. Ltd. and Ors.

Hon'ble Judges/Coram:
Sachin Datta

JUDGMENT

Sachin Datta, J.

1. The present suit has been filed by the plaintiff who is a member of the erstwhile board of directors of 'Chandigarh Overseas Private Limited' ("COPL"), which has been admitted into the Corporate Insolvency Resolution Process ("CIRP") vide order dated 27.02.2022 passed by the NCLT Chandigarh Bench in CP(IB) No. 248/Chd/Chd/2019.

2. The plaintiff has inter alia prayed for the following reliefs:

A. "A declaratory decree to the effect that the purported 'Assignment Deed dated 03.02.2023' is invalid and non-est in the eyes of law and thus is not binding upon the rights of the Plaintiff.

B. A decree of permanent and mandatory injunction injuncting the Defendant No. 2/Mr. Sanjeev Chadha to act upon the purported assignment deed dated 03.02.2023.

C. Direct the Defendant No. 1 to produce books of accounts of 'Chandigarh Overseas Pvt. Ltd.' depicting the amount due as per the terms of settlement agreement dated 27.09.2021.

D. Award damages to the tune of Rs. 1,40,000/- to be awarded in favour of the plaintiff and against the Defendants.

E. Pass a decree of awarding cost and litigation expenses of the present litigation.

D. Pass any other orders that this Hon'ble Court may deem fit and proper."

3. The subject matter of the present suit is an assignment deed dated 03.02.2023, which is stated to have been executed between the defendant no.1 and defendant no.2, whereby the defendant no.1 has assigned the debt owed to it by COPL, to defendant no.2 i.e., Mr. Sanjeev Chadha.

4. The plaintiff, by means of the present suit has sought that the said assignment deed dated 03.0........