HARI VADAN KUMAR vs RAKESH KUMAR GUPTA

$- * IN THE HIGH COURT OF DELHI AT NEW DELHI BEFORE HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV CS(OS) 267/2024 and I.A. 18195/2025 Between: - HARI VADAN KUMAR, S/O LATE THAKOR LAL, R/O A-39, GUJRAT APARTMENT, PITAMPURA, DELHI-110034. .....PLAINTIFF (Through: Mr. Anil Goel and Mr. Aditya Goel, Adv) AND RAKESH KUMAR GUPTA S/O LATE SH. MURARI LAL GUPTA, R/O C-7, PUSHPANJALI ENCLAVE, PITAMPURA, DELHI-110034. .....DEFENDANT (Through: Mr. Vipin Wason and Ms. Stuti Wason, Advs.) ------------------------------------------------------------------------------------ % Reserved on: 18.08.2025 Pronounced on: 08.09.2025 ----------------------------------------------------------------------------------- JUDGMENT I.A. 38637/2024 (by defendant – Order XXXVII Rule 3(5) – leave to defend.) 2. The facts, as per the plaint, manifest that the plaintiff and defendant were close friends for about two decades. In April, 2015, the defendant approached the plaintiff seeking financial assistance for his commercial ventures, assuring repayment of loans with interest at 12% per annum within three months of advancement. Relying on these assurances, the plaintiff and his relatives advanced a total sum of ₹8,86