LALA BISHAMBARNATH AGARWAL FOUNDATION TRUST vs GOVT OF NCT OF DELHI

Judgment text excerpt

$~J-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Delivered on: 29.04.2026 + CS(OS) 472/2025 & I.A. 17138/2025 LALA BISHAMBARNATH AGARWAL FOUNDATION TRUST .....Plaintiff Through: Mr. Aayush Agarwal, Mr. Sidhant Jaiswal and Mr. Amit Agarwal, Advs. versus GOVT OF NCT OF DELHI .....Defendant Through: Mr. Abhinav Sharma, Adv. CORAM: HON'BLE MR. JUSTICE VIKAS MAHAJAN JUDGMENT VIKAS MAHAJAN, J 1. The present suit has been instituted by the Plaintiff/Trust seeking permission of this Court to sell an immovable property bearing Office Nos. 71-A, 72-A, 73-A & 74-A, 7th Floor, A Wing, Chandermukhi Estates Private Limited, Aggarwal Trade Centre, Plot No. 62, Sector 11, CBD Belapur, Taluk & District Thane, Maharashtra (hereinafter referred to as the “subject property”). 2. The Plaintiff is a public charitable trust registered under the Indian Trusts Act, 1882 and the Charitable & Religious Trusts Act, 1920 [hereinafter ‘Act’]. The Plaintiff carries on its activities and has its principal place of administration at Bahadur Shah Zafar Marg, New Delhi. 3. The subject property forms part of the assets of the Plaintiff/Trust. It is stated that the property is in a condition of disrepair, requires substantial expenditure for maintenance, and is not capable of being leased out. It is, therefore, asserted that the property no longer serves the objects of the CS(OS) 472/2025 Page 1 of 13 Signature Not Verified Digitally Signed By:DEEPAK SINGH Signing Date:02.05.2026 17:16:23 Trust. 4. The Plaintiff has obtained a valuation report assessing the value of the subject property at Rs.3,05,62,500/-. An interested purchaser has offered a sum of Rs.3,54,89,000/-, which is stated to be approximately 20% above the assessed market value. 5. In these circumstances, the present petition has been