STANDARD CHARTERED BANK vs SEEMA OVERSEAS

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 7th May, 2026 RFA 174/2018 STANDARD CHARTERED BANK .....Appellant Through: Mr. Sanjay Gupta, Mr. Ateev Mathur and Mr. Amol Sharma, Advocates versus SEEMA OVERSEAS .....Respondent Through: Mr. Tanmaya Mehta and Mr. Aryan Bhardwaj, Advocates (Through VC) CORAM: HON'BLE MR. JUSTICE AMIT BANSAL AMIT BANSAL, J. (Oral) 1. The present appeal has been filed by the appellant (defendant in the suit) seeking setting aside of the impugned judgment and decree dated 24 th November, 2017, as corrected on 6th January, 2018, passed by the Additional District Judge-03, Patiala House Court, New Delhi in the suit bearing C.S. No.57502/2016. 2. The plaintiff had dealings with the defendant bank in relation to foreign exchange transactions. On 2nd March, 2009, the plaintiff created a fixed deposit of Rs.1.30 crores with the appellant bank. The fixed deposit was due to mature on 2nd July 2009. 3. It is the contention of the defendant bank that the aforesaid fixed 4. The stand of the plaintiff, however, was that no concluded forward contract dated 5th March, 2009, had ever been executed between the parties and, therefore, the appellant/defendant ha