KRISHAN KUMAR WADHWA & ORS vs ARJUN SOM DUTT & ORS

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 03.05.2025 Pronounced on: 01.07.2025 + CS(OS) 3316/2015 & I.A. 5362/2025 KRISHAN KUMAR WADHWA & ORS .....Plaintiffs Through: Mr.Samar Bansal, Mr.Bhargav R. Thali Mr.Vipul Kumar, Mr.Pranav Garg, Advs. versus ARJUN SOM DUTT & ORS .....Defendants Through: Mr.Sanjeev Mahajan, Mr.Pranjal Tandon, Advs. for D-1. Mr.Munindra Dvivedi and Mr.Abhishek Chauhan, Advs. for D-2. Mr.Danish Aftab Chowdhury, Adv. for D-3 (VC) Mr.B. B. Gupta, Sr.Adv. with Ms.Meghna Mishra, Mr.Achal Gupta, Mr.Ankit Rajgarhia, Mr.Karan Jain and Ms.Yashodhara, Advs. for D-4. CORAM: HON'BLE MR. JUSTICE NAVIN CHAWLA JUDGMENT 1. This Suit has been filed by the plaintiffs praying for the following reliefs: ―i. Pass a decree of recovery of Rs. 10,00,00,000/- (Rupees Ten Crore) in favour of the Plaintiffs and against the Defendants, jointly and / or severally; ii. Pass a decree for recovery of Rs. Signature Not Verified Digitally Signed CS(OS) 3316/2015 Page 1 of 44 By:RENUKA NEGI Signing Date:01.07.2025 18:18:48 7,10,98,438/- against the Defendants jointly and / or severally, being compound interest @ 15% p.a., on Rs. 10,00,00,000/- from 01.03.2012 till the date of filing of the suit; iii. Award pendente lite and future compound interest @ 15% p.a. on the aforesaid outstanding amount in favour of the Plaintiffs and against the Defendants, jointly and / or severally from the date of filing of the suit till date of realization;‖ Brief Facts 2. It is the case of the Plaintiffs that the immovable property bearing no. B-8, Maharani Bagh, New Delhi (hereinafter referred to as the “Suit Property”), was owned jointly by the Defendants herein as co-owners, with their respective shares having been delineated in a Family Settlement dated 31.12.1991, entered into inter s