WATRANA TRACTION COMPANY v. CONTAINER CORPORATION OF INDIA LIMITED & ANR.
OMP (ENF.) (COMM.)/46/2022 · 2025-08-29
Jasmeet Singh
body2025
DailyLaw.ai
[ 2025 DAILYLAW 37639 (DEL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 37639 (DEL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
$~71 * IN THE HIGH COURT OF DELHI AT NEW DELHI + OMP (ENF.) (COMM.) 46/2022 WATRANA TRACTION COMPANY .....Decree Holder Through: Mr Pankaj Kashyap, Adv. versus CONTAINER CORPORATION OF INDIA LIMITED & ANR. .....Judgement Debtors Through: Mr. Rishi Awasthi and Mr. Avinash Ankit, Advs. CORAM:
HON'BLE MR. JUSTICE JASMEET SINGH O R D E R % 29.08.2025 EX.APPL.(OS) 1236/2025
1. This is an application filed under section 151 of CPC, 1908 seeking discharge of the two Bank Guarantees furnished by the decree holder as security to withdraw the amount deposited by the judgment debtors with the Registrar General, Delhi High Court.
2. The judgment debtors filed an objection petition under section 34 of the Arbitration and Conciliation Act against the Arbitral Award dated 20.01.2021, which had already been dismissed by this Court on
17.01.2022. Further, the judgment debtors’ appeal being FAO (OS) (COMM) 64/2022, has also been dismissed by the Division Bench of this Court on 21.08.2025.
3. For the said reasons, issue notice to the judgment debtors.
4. Mr. Ankit, learned counsel accepts notice on behalf of the judgment debtors and has no objection to the application being allowed.
5. In view of the above, the present application is allowed and the two 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 03/09/2025 at 12:11:22
Bank Guarantees being No. 027GT0123047001 for Rs. 1,82,80,775/- and No. 027GT01230900002 for Rs. 2,03,07,536/- shall be released in favour of the decree-holder/ its nominee.
6. The application is disposed of accordingly.
OMP (ENF.) (COMM.) 46/2022
7. With the directions passed today in EX.APPL.(OS) 1236/2025, the present enforcement petition is disposed of accordingly.
JASMEET SINGH, J AUGUST 29, 2025 / (MS) 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 03/09/2025 at 12:11:22