TATA INTERNATIONAL SINGAPORE PTE LIMITED v. RASHTRIYA ISPAT NIGAM LIMITED
O.M.P.(I) (COMM.)/228/2024 · 2026-05-22
Harish Vaidyanathan Shankar
body2024
DailyLaw.ai
[ 2024 DAILYLAW 2829 (DEL) · dailylaw.ai ]
DailyLaw.ai
[ 2024 DAILYLAW 2829 (DEL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
$~70 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(I) (COMM.) 228/2024 TATA INTERNATIONAL SINGAPORE PTE LIMITED .....Petitioner Through: Mr. Gaurav Pachnanda, Sr Adv with Mr. Vishal, Ms. RS Ahuja, Ms. Varsha, Ms. Nikita Jaitly, Advs. versus RASHTRIYA ISPAT NIGAM LIMITED .....Respondent Through: Mr. Shashank Garg, Mr. Udit Kr. Thakur, Ms. Aradhya Chaturvedi, Advs.
CORAM:
HON'BLE MR. JUSTICE JASMEET SINGH O R D E R % 22.10.2024 I.A. 42520/2024-MODIFICATION
1. This is an application filed on behalf of the respondent seeking modification of the order dated 31.07.2024 whereby this court had
directed the respondent to deposit a sum of Rs 50 crores every month in an Escrow Account till the entire admitted amount along with interest is paid.
2. Mr. Garg, learned counsel for the respondent seeks modification of the said order thereby directing the respondents to defer the deposit of monthly instalment of INR 50 crores (payable each month).
3. He states that on account of financial challenges faced by the respondent, the respondent is currently not in a position to honour the payment of monthly instalment as directed by this court vide order dated 31.07.2024.
4. Issue notice. Ms. Ahuja, learned counsel accepts notice on behalf of the petitioner and Mr. Pachnanda, learned senior counsel for the petitioner, This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 03/07/2025 at 04:10:20
on instructions, opposes the present application.
5. Let a reply be filed before the next date of hearing.
6. List on 06.11.2024.
JASMEET SINGH, J OCTOBER 22, 2024 / (MS) Click here to check corrigendum, if any This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 03/07/2025 at 04:10:20