UPM KYMMENE CORPORATION vs THE STATE TRADING CORPORATION OF INDIA LTD

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 23.03.2026 Judgment pronounced on: 21.04.2026 + EX.P. 82/2012 UPM KYMMENE CORPORATION .....Decree Holder Through: Mr. Ramesh Singh, Senior Advocate along with Ms. Bharti Badesra and Ms. Shivleen Pasricha, Advocates. versus THE STATE TRADING CORPORATION OF INDIA LTD .....Judgement Debtor Through: Mr. Sanjeev Puri, Senior Advocate along with Mr. Danish Zubair Khan, Ms. Pragya Puri and Ms. Swati Yadav, Advocates. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. EX.APPL.(OS) 593/2025 (By decree holder praying for revival of the Execution petition) 1. The present Application under Section 151 of the Code of Civil Procedure, 19081, has been preferred by the Decree Holder seeking, inter alia, revival of Execution Petition No. 82/20122, directions to the Judgment Debtor to deposit the alleged balance decretal amount, and release of the amount already lying deposited before this Court 1 CPC 2 Execution Petition Signature Not Verified EX.P. 82/2012 Page 1 of 33 Digitally Signed By:NEERU Signing Date:24.04.2026 10:51:43 along with accrued interest. 2. At the outset, it is pertinent to note that the present Execution Petition, being EX.P. 82/2012, already stood disposed of by this Court vide Order dated 13.05.2022. By the said order, this Court permitted withdrawal of the amount deposited by the Judgment Debtor, subject to the Decree Holder furnishing an appropriate corporate undertaking to the satisfaction of this Court. BRIEF FACTS: 3. The disputes between the parties culminated in an Arbitral Award dated 17.12.19983, which was assailed by the Judgment Debtor in CS(OS) No. 346A/1999. 4. This Court, vide Judgment and Decree dated 15.03.2005, rejected the objections a