Tuesday, August 6, 2013

HIGH COURT ORDER AND UPDATE: RANA CASE

1.   Please refer to the previous posts on the Rana Constructions Co. Vs DIN CGHS Ltd Case on this blog.

2.   The High Court of Delhi Order dated 19 Jul 2013 in the case is given below. 

3.   A meeting between the advocates of both the parties (Rana Construction Co. and DIN CGHS Ltd.) with the Court appointed Commissioner, Shri Kafeel Ahmed, Joint Registrar (Retd) was held as directed by the High Court on 03rd Aug 2013. The Society was represented by Shri DS Patiyal, Advocate. Following points were agreed upon by both the parties in the presence of the Commissioner:

    (a)   The Commissioner's fee of Rs. 75, 000/- plus Rs. 5000/- for documentation as well as all other expenses are to be borne equally by both the parties i.e. Rana Constructions Co. and DIN CGHS Ltd.

    (b)   The Commissioner has requested both parties to submit case related documents to him at               the earliest.

    (c)   The Commissioner has requested the Society for a proposal to appoint a property evaluator            to determine the cost of each flat of the Society recommended for auction i.e. Flat Nos 53                and 164.

4.   Action is being vigorously pursued by the Management Committee to comply with the                 Commissioner's requests.

5.   Next date of meeting with the Commissioner has been fixed for 13th Aug 2013



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