DELHI DEVELOPMENT AUTHORITY vs DR. FRESH ASSETS LIMITED & ANR.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on: 20th February, 2026 Pronounced on: 30th April, 2026 + RFA 232/2021, CM APPL. 14752/2021, 14753/2021 & 46719/2021 DELHI DEVELOPMENT AUTHORITY Through its Vice Chairman Vikas Sadan, INA, New Delhi .....Appellant Through: Ms. Manika Tripathy, Standing Counsel and Mr. Ashutosh Kaushik, Panel Counsel with Mr. Saksham Singh, Adv. Versus 1. DR. FRESH ASSETS LIMITED Through its Authorized Representative Sh. Pabitra Patra Having its office at: B-1/E-24, Mohan Co-operative Industrial Estate, New Delhi - 110044 2. MINISTRY OF URBAN DEVELOPMENT Nirman Bhawan, New Delhi Through its secretary, Service through Standing Counsel, Union of India. .....Respondent Through: Mr. Anil K. Khaware, Mr. Yogendra Kumar and Mr. Manoj Ram, Advocates for Respondent No.1. CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA J U D G M E N T NEENA BANSAL KRISHNA, J. RFA 232/2021 Page 1 of 13 Signature Not Verified Signed By:VIKAS ARORA Signing Date:30.04.2026 17:30:42 1. Regular First Appeal under Section 96 read with Order XLI Code of Civil Procedure, 1908 (CPC) has been filed against the Impugned Judgment and Decree dated 13.02.2020 whereby the Suit for the Recovery of ₹46,85,671/- as interest @ 18% per annum on a principal amount of ₹63,12,500/- from 17.12.2008 to 29.01.2013 and future and pendente lite interest @ 18% p.a. from 29.01.2013 until its realization. 2. The Plaintiff/Respondent had filed a Suit for Recovery of ₹46,85,671/- as interest on the wrongful retention of the principal amount of ₹63,12,500/- for four years. 3. The brief facts as per Plaint, are that the Plaintiff is a Company incorporated under the provisions of Companies Act, and inter alia, deals in real estate, development of properties and constructions activities. The Defend