SUNIL GUPTA vs ANIL AGGARWAL & ORS

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 09 January 2025 Judgment pronounced on: 18 March 2025 + CONT.CAS(C) 13/2020 & CM APPL. 30510/2022 SUNIL GUPTA .....Petitioner Through: Mr. Gaurav Mitra, Mr. Dushyant Kumar and Mr. Ishan Roy Chowdhary, Advs. versus ANIL AGGARWAL & ORS. .....Respondents Through: Mr. Raghavendra Mohan Bajaj, Ms. Garima Bajaj, Mr. Kumar Karan and Mr. Sagun Agarwal, Advs. for R-1. Ms. Srishty Kaul, Adv. for R-2. Mr. Rajshekhar Rao, Sr. Adv. with Mr. Kunal Vajani, Mr. Kunal Mimani, Mr. Shubhang Tandon, Ms. Shraddha Chirania and Mr. Mridul Yovesh Suri, Advs. for R-3 and R-4. Mr. Sandeep Sethi, Sr. Adv. with Mr Sumer Dev Seth and Mr. Harsh Agrawal, Advs. for Mr. Ashok Goyal, proposed respondent. CORAM: HON'BLE MR. JUSTICE DHARMESH SHARMA JUDGMENT 1. The present petition has been filed by the petitioner herein under Sections 10 and 12 of the Contempt of Courts Act, 19711 1 CC Act Signature Not Verified CONT.CAS(C) 13/2020 Digitally Signed By:PRAMOD Page 1 of 29 KUMAR VATS Signing Date:18.03.2025 16:50:02 seeking initiation of contempt proceedings against the respondents for the alleged wilful disobedience and disregard of the consent decree dated 01.06.2009 passed by this Court in CS(OS) 2402/2008 titled “Sunil Gupta v. M/s Polar Industries Ltd.”. BRIEF FACTS 2. Shorn of unnecessary details, pursuant to a suit for recovery of Rs. 1,38,79,026/- bearing CS(OS) 2402/2008 being filed by Mr. Sunil Gupta i.e., the petitioner herein, against a company, namely M/s Polar Industries Limited [‘PIL’], the parties in dispute entered into a compromise agreement dated 13.01.2009 in order to amicably resolve and settle the said commercial dispute. 3. As a matter of record, this Court, upon being satisfied with the terms and execution of the afore