ECGC LTD (FORMERLY KNOWN AS EXPORT CREDIT GUARANTEE CORPORATION LTD.) vs M/S INVENTION INDIA (EXPORTS) PVT. LTD.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgement delivered on: 14.07.2025 + RFA(COMM) 256/2024 & CM APPL. 38351/2024 ECGC LTD (FORMERLY KNOWN AS EXPORT CREDIT GUARANTEE CORPORATION LTD.) .....Appellant versus M/S INVENTION INDIA (EXPORTS) PVT. LTD. .....Respondent Advocates who appeared in this case For the Appellant : Mr Anand Prakash, Advocate. For the Respondent : Mr Naresh Thanai, Ms Khushboo Singh, Advocates. CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRU HON'BLE MR. JUSTICE TEJAS KARIA JUDGMENT TEJAS KARIA, J 1. The present Appeal has been filed under Section 96 of Code of Civil Procedure, 1908 (“CPC”) against the judgment dated 25.04.2024 (“impugned judgment”) in CS(COMM) No. 934 of 2022 (“Suit”) filed by the Respondent against the Appellant before the District Judge (Commercial Court), North-West District, Rohini Courts, Delhi (“Commercial Court”). 2. Vide the impugned judgment, the learned Commercial Court allowed Signature Not Verified RFA(COMM) 256/2024 Page 1 of 36 Signed By:NEELAM SHARMA Signing Date:14.07.2025 17:38:31 the Suit of the Respondent and passed a decree against the Appellant for ₹77,32,749.43/- alongwith pendente lite and future interest @ 18% per annum with effect from 01.03.2022 till realisation thereof. In addition, the learned Commercial Court also awarded costs as well as counsel‟s fee quantified as ₹51,000/- in favour of the Respondent. 3. Being aggrieved by the impugned judgment, the Appellant has preferred the present Appeal. FACTUAL BACKGROUND 4. The Appellant is a Government of India owned export credit agency and provides export credit insurance services to Indian exporters and Banks to boost and meet the requirements of export businesses. 5. The Respondent is a company incorporated in India and engaged in the business of export of gar