$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI + OMP (ENF.) (COMM.) 25/2018 M/S NETHERLANDS INDIA COMMUNICATIONS ENTERPRISES LTD. .....Decree Holder Through: Mr. D. Moitra, Mr. Dhruv Tamta and Mr. Aadish Jain, Advs. versus UNION OF INDIA. .....Judgement Debtor Through: Mr. Balendu Shekhar, CGSC Mr. Manu Beri, Adv. for Intervener/Mr. Sarabjit Singh Lamba CORAM: REGISTRAR GENERAL SH. ARUN BHARDWAJ O R D E R % 19.03.2026 1. In terms of the previous order dated 26.02.2026, original signed statement of Dr. N.P. Sen has been filed in the registry and placed on record. Additionally, security bond on behalf of M/s GTI Infotel Pvt. Ltd. is also filed in respect of flat No.G-3 in Tower-A, Plot No. 03B comprising on Khasra No. 225, Building known as Smart Homes, situated in the revenue estate of Village Bhangel Begampur, Noida, Tehsil Dadri, District-G. B. Nagar-201304. (U.P.) admeasuring 125.42 sq. mtr. However, original title documents of the properties as mentioned in the aforesaid said order have not been filed. 2. Learned counsel for the decree holder submitted that the decree holder is unwilling to get the amount released on the basis of the valuation tendered 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 23/03/2026 at 10:59:51 by the revenue authorities on the basis of circle rate and, therefore, original title deeds of the aforesaid properties were not submitted. Learned counsel for the decree holder further pointed out that the learned counsel for the intervener has expressed no objection in paragraph 6 of the written submissions filed in support of his objections by submitting that the valuation assigned to the properties sought to be tendered as security on behalf of the decree holder be carefully evaluated. Basis this, learned counsel for the decree holder suggested that the market value of the properties may be assessed through a government approved valuer, and thereafter this court may pass necessary directions for release of the amount to the extent of the market valuer of the properties sought to be accepted as security. 3. Per contra, learned counsel for the intervener submitted that he has not tendered any explicit no objection to the acceptance of the properties furnished as security on the basis of its market value but he affirmed the submissions made by him in paragraph 6 of the written submissions as pointed out above by learned counsel for the decree holder. 4. In view thereof, considering the foregoing position, it is deemed expedient to call for a report from the government approved valuer in regard to the current market valuation of the following properties:- i. Vacant Plot Khasra No. 735, 736, 737, 738 & 739, situated at Village Salarpur Khadar, pargana & Tehsil Dadri & District Gautam Buddh Nagar-201301. (U.P.) admeasuring 1400.99 Sq. Yards. ii. Vacant Land Khata No. 176 & 177 & Kh. No. 22 & 24, situated at Village Dastampur, pargana & Tehsil Jewar & Distt. G. B. Nagar-201301. (U.P.) Bigha admeasuring 0.30325 and 0.09725 hectares (total comes to 0.4005 hectare i.e 4.75 Bigha/4789.98 Sq. Yard. 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 23/03/2026 at 10:59:51 iii. Built up Flat No. G-1 and G-3, in Tower-A, Plot No. 03B comprising on Khasra No. 225, Building known as Smart Homes, situated in the revenue estate of Village Bhangel Begampur, Noida, Tehsil Dadri, District-G. B. Nagar-201304. (U.P.) admeasuring 125.46 sq. mtr. each i.e. 2700 sq. ft. 5. Accordingly, with the consensus of both the sides, Mr. Anil Kumar Saxena, B- 118, First Floor, Shivalik, Malviya Nagar, New Delhi- 110017, New Delhi, National Capital Territory of Delhi–110017 email id anil_saxena@hotmail.com, empanelled with Insolvency and Bankruptcy Board of India, is appointed as a valuer in this case for the aforesaid purpose. Needless to say, his professional fees for carrying out the said purpose shall be borne by the decree holder. 6. Let court notice be issued to the aforesaid valuer by all modes including electronic mode with the direction to file report in respect of current market valuation of the aforesaid properties well before the next date of hearing with copy to both the sides. Both the parties are at liberty to coordinate with the aforesaid valuer. The registry is directed to send the copies of the property documents as mentioned above to the aforesaid valuer and copy of this order alongwith the court notice. The valuer shall remain present in the court through video conferencing on the date fixed by using link of this court i.e. https://dhcdja.webex.com/meet/dja.dhc.vc4. 7. Renotify on 05.05.2026. Dasti as well. ARUN BHARDWAJ REGISTRAR GENERAL MARCH 19, 2026 ss Few moments after the hearing was over, learned counsel for the decree holder appeared and requested that the market value of the property i.e. 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 23/03/2026 at 10:59:51 Vacant Plot Kh. No. 5531, 5532, 553/3, 738 & 739, situated at Village Falaida Khadar, pargana & Tehsil Jewar & District Gautam Buddh Nagar-203135 (U.P) admeasuring 18.011 Bigha/ 18155.13 Sq. Yd. may also be got assessed from the aforesaid appointed government approved valuer in order to save time. Request is allowed, without prejudice to the rights and contentions of the Interevener. The registry is further directed to notify the aforesaid appointed valuer to file the report in respect of the current market valuation of the aforesaid property as well. The registry is further directed to send the copy of the aforesaid property documents to the aforesaid valuer alongwith the court notice. ARUN BHARDWAJ REGISTRAR GENERAL MARCH 19, 2026 ss 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 23/03/2026 at 10:59:51