M/S ANGAD DEVELOPERS PVT LTD vs M/S VERSATILE COMMOTRADE PVT LTD

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 10.12.2025 RFA(OS) 67/2018 M/S ANGAD DEVELOPERS PVT LTD .....Appellant Through: Mr. Rajesh Yadav, Sr. Adv. with Mr. Naresh Gupta, Mr. Rachit Gumber, Advs. versus M/S VERSATILE COMMOTRADE PVT LTD .....Respondent Through: Mr. Ratan K. Singh, Sr. Adv. with Mr. Nikhilesh Krishnan, Adv. CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR J U D G M E N T (ORAL) ANIL KSHETARPAL, J. 1. Through the present Appeal, the Appellant assails the correctness of the judgment and order dated 20.07.2018 [hereinafter referred to as ‘Impugned Judgment’] passed by the learned Single Judge, wherein the Appellant/Defendant has been called upon to refund a sum of Rs.75,00,000/- along with interest at the rate of 9% per annum from 13.03.2014 till the date of payment to the Respondent/Plaintiff. Additionally, for the remaining amount in the sum of Rs. 1,25,00,000/-, the leave to defend application has been allowed conditionally, i.e., subject to furnishing some security in the form of immovable property or a bank guarantee to the satisfaction of this Court in respect of the said amount of Rs.1,25,00,000/-. 2. For