DACE ENERGY PRIVATE LIMITE vs GALAXY AUTOMOBILES PRIVATE LIMITED AND ANR

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 21.07.2025 RFA(COMM) 140/2025 & CM APPL. 14398/2025, CM APPL. 14399/2025, CM APPL. 14400/2025, CM APPL. 14401/2025 DACE ENERGY PRIVATE LIMITE .....APPELLANT Through: None. versus GALAXY AUTOMOBILES PRIVATE LIMITED AND ANR .....RESPONDENTS Through: Mr. Vipin Singhania, Adv for R-1. CORAM: HON'BLE MR. JUSTICE NAVIN CHAWLA HON'BLE MS. JUSTICE RENU BHATNAGAR NAVIN CHAWLA, J. (ORAL) 1. None is appearing for the appellant. 2. The learned counsel for respondent no.1 submits that in the meantime, the parties have amicably settled their disputes in Execution (Comm) No. 390/2024, which inter alia seeks enforcement of the Impugned Judgment and Decree dated 09.05.2024 passed by the District Judge, Commercial Court-04, West District, Tis Hazari Courts, Delhi. In terms of the said settlement, a total sum of ₹14,00,000/- (Rupees Fourteen Lakhs only) is to be paid by the appellant to respondent no. 1, out of which a sum of ₹2,00,000/- (Rupees Two Lakhs only) was handed over on 12.07.2025 by way of a cheque. 3. On 16.07.2025, the statement of the Director of the appellant company was also recorded, who stated that the appellant shall make th