TaxTMI 
TaxTMI 
2018 (10) TMI 2038
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....plications, applicants are exempted from filing the original and clear copies of the documents at this stage. Needless to say, this order is without prejudice to the rights and contentions of the parties. Accordingly, present applications stand disposed of. I.As. 14083/2018, 14084/2018, 14085/2018, 14086/2018, 14088/2018, 14090/2018, 14092/2018, 14094/2018, 14096/2018 & 14098/2018 in CS(OS) 176/2015 Present applications have been filed for impleadment. Learned counsel for applicants state that the present suit has been filed as a representative suit and since the applicants also belong to the same class of investors, they should be impleaded in the present suit. Learned counsel for applicants further state that in the event the present applications are not allowed, the applicants would not be able to get refund cheques which are to be handed over by the learned Registrar General in accordance with the orders already passed by this Court. Issue notice. Mr. Vishal Bhardwaj, learned counsel accepts notice on behalf of defendants No.1, 5 to 8. Ms. Avshreya P.S. Rudy, learned counsel accepts notice on behalf of defendant No.2. Dr. Sarbjit Sharma, learned counsel accepts notice o....
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....mount lying with it. After much deliberation, the Defendant Nos. 1 and 2, the Plaintiffs, and the other investors who were not arrayed as parties before this Hon'ble Court in Kamal Sharma and Ors. Vs. Blue Coast Infrastructure Development Pvt. Ltd. And Ors., CS (OS) 176 of 2015, have arrived at a mechanism to disburse the monies lying with this Hon'ble Court in the manner agreed as per the List dated 1.10.2018 supplied by the defendant no. 1 (appended herewith). The Defendant Nos. 3 - 8 have no objection to the aforesaid. The disbursal of the monies is being undertaken on a formula without prejudice to the rights and contention of the parties wherein all parties are receiving certain monies in partial satisfaction of their claims whereas the remainder of their claims will remain alive. It may be noted that in cases where there is no settlement agreement, the monies are being received by the investors without prejudice to their eventual claims. However, many of the Plaintiffs as well as parties not arrayed before this Hon'ble Court in Kamal Sharma and Ors. Vs. Blue Coast Infrastructure Development Pvt. Ltd. And Ors., CS (OS) 176 of 2015 have entered into settlements with the Defe....
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....enior Advocate and Mr. T.K. Ganju, Senior Advocate as well as with the assistance of the various other advocates appearing before this Hon'ble Court." 03.10.2018 UNIT HOLDERS OF REPRESENTATIVE SUIT : KAMAL SHARMA & ORS V/S BLUE COAST IN CS (OS) 176 OF 2015 S. No. PARTICULARS BALANCE AMOUNT DUE UPTO 31.03.2019 1 KAMAL SHARMA SUIT 81,29,62,431 24,32,56,234 2 KAMAL SHARMA IMPLEADMENT 79,32,53,583 21,75,21,383 3 MOU SIGNED AND UNITHOLDERS PAID PARTLY 57,86,82,249 16,14,00,982 4 MOU NOT SIGNED HOWEVER UNITHOLDERS PAID PARTLY 25,39,07,000 6,42,11,000 5 MOU SIGNING IN PROCESS 71,74,12,664 8,10,62,250 6 Wimberly Allison Tong & Goo UK Ltd. (OMP) (Enf.) (Comm.) 48 of 2016 3,33,48,803 3,33,48,803 TOTAL 3,18,95,66,730 80,08,00,652 S.NO PLANTIFF NO. NAME OF PLANTIFF / APPLICANT (A) BALANCE AMOUNT (D) DUE UPTO 31.03.2019 (E) 1 & 2 1 & 2 Kamal Sharma / Madhu Sharma 2,16,25,000.00 54,00,000.00 3 3 Suresh Chandra Sharma 2,09,25,000.00 54,00,000.00 4 4 G.K.Taneja 36,98,745.00 19,50,000.00 5 5 Asha Taneja 36,98,745.00 19,50,000.00 6 6 Rakhi Seth 36,98,745.00 19,50,000.00 7 7 Ritu Grover 33,98,745.00 16,....
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.... 52 52 Manev Luthra 45,00,000.00 12,50,000.00 53 53 Shikha Chawla 45,00,000.00 12,50,000.00 54 54 Aseem Bhatia 1,60,00,000.00 1,12,00,000.00 55 55 Reema Pillai 1,65,00,000.00 24,00,000.00 56 56 Manika Chopra 2,26,00,000.00 53,00,000.00 57 57 Areeb Rizwan Khan 47,08,960.00 18,78,720.00 58 58 Imran Shafique Ansari 14,87,040.00 5,93,280.00 59 59 Rizwanullah Khan 68,15,000.00 29,40,000.00 60 60 Shahnaz Asif 74,23,000.00 29,40,000.00 61, 62 & 63 61, 62 & 63 Ashish Chhabra/Amitabh Chhabra/Nirmal Chhabra 2,10,00,000.00 50,00,000.00 64 64 Rajiv Vaswani 2,23,32,000.00 56,00,000.00 65 65 Seema V. Bhatnagar 1,38,00,000.00 14,00,000.00 66 66 Madhu Sudan Rateria 59,00,000.00 18,00,000.00 67 67 Aditya Rateria 59,00,000.00 18,00,000.00 68 68 Akshay Kapur 1,50,60,000.00 38,00,000.00 69 69 Manik Mahna 1,50,60,000.00 40,00,000.00 70 & 71 70 & 71 Gaurav Rakyan / Manju Rakyan 2,21,00,000.00 51,00,000.00 72 72 Sharad Kumar Patney 45,50,000.00 16,50,000.00 73 73 Prabhat 52,50,000.00 13,50,000.00 74 74 Sheela Rani 42,50,000.00 18,00,000.00 75 75 HIM Buildtech 2,03,87,500.00 48,00,000.00 76 76 Harin....
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....-TOTAL 7,38,50,000.00 2,12,50,000.00 Applicant No. IA.No. 1036/2017 114 1 Swati Jalan 82,90,688.00 20,22,800.00 115 2 Raj Kumar Jalan 1,08,81,300.00 26,55,250.00 116 3 Promod Kumar Taneja 64,87,500.00 13,50,000.00 117 4 Sudha Taneja 63,37,500.00 18,50,000.00 118 5 Ajay Khanna 1,02,28,700.00 26,00,000.00 119 6 Rajeev Khanna 1,02,28,700.00 26,00,000.00 120 7 Bhagat Singh 39,87,000.00 9,75,000.00 121 8 Bhagat Singh & Sons (HUF) 39,87,000.00 9,75,000.00 122 9 Vanya Varma 47,25,000.00 12,00,000.00 123 10 Sumant Varma 47,25,000.00 12,00,000.00 124 11 The India Thermit Corporation Limited 2,89,14,000.00 40,15,833.33 125 & 126 12 & 13 Inder Mohan Singh (HUF) 56,80,840.00 13,50,000.00 127 14 Himmat Singh Gill 56,80,840.00 13,50,000.00 128 15 Jaiveer Gill 1,13,61,680.00 27,00,000.00 129 16 Amandeep Singh Bal 2,41,52,625.00 60,00,000.00 130 17 Amarpreet Singh Bal 2,41,52,625.00 60,00,000.00 131 18 Rakesh Sakhuja 25,00,000.00 6,50,000.00 132 19 Alka Sakhuja 25,00,000.00 6,50,000.00 133 20 Anmol Solutions Private Limited 2,91,20,000.00 72,00,000.00 134 21 Atul Joshi 19,16,....
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....,49,565.00 14,00,000.00 171 19 Indu Oberoi 72,55,450.00 26,00,000.00 172 20 Budh Singh Sidhu 3,28,08,000.00 1,12,50,000.00 173 21 Mandeep Bhatia 2,11,00,000.00 39,00,000.00 174 22 Amarjit Singh Chonker 1,66,87,796.00 77,02,056.00 175 23 Jatinder Kaur Chonker 1,73,29,688.00 83,43,920.00 176 24 Arun Loomba / Vaibhav Loomba 1,73,60,640.00 34,00,000.00 177 25 Dr. Jyoti Super Speciality Homoeopathic Clinic Pvt. Ltd 1,16,94,000.00 42,00,000.00 178 26 Neelam Singh 1,86,21,000.00 49,00,000.00 179 27 Anushree Chauhan / Neelm Singh 1,25,42,000.00 30,50,000.00 180 28 Balraj Kapoor 2,73,70,000.00 72,50,000.00 181 29 Sudershan Kumar Sareen 3,46,55,000.00 92,95,000.00 182 30 Anand Kumar Gupta / Suman Gupta 1,29,81,000.00 33,00,000.00 183 31 Rajesh Kumar Singh & Nupur Chauhan 80,25,000.00 24,00,000.00 184 32 Narender Pal Singh Sethi 84,78,000.00 30,00,000.00 185 33 Amit Kumar Singh 1,10,00,000.00 36,00,000.00 186 34 Gaurav Chhiba 1,46,96,000.00 39,50,000.00 187 35 Shiv Kumar Sharma 2,03,23,166.00 33,00,000.00 188 36 Akshay Kashyap 2,22,00,000.00 33,00,000.00 189 37 Lalit Wadhwa 2,58,37,000.00 48,00,000....
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....0 24,00,000.00 225 12 The Institution of Civil Engineers Society 1,21,50,000.00 20,25,000.00 226 13 Vikram Yadav 9,00,000.00 4,50,000.00 227 14 Manmeet Singh 95,00,000.00 18,00,000.00 228 15 Ajay Lal 2,81,93,000.00 18,00,000.00 229 16 Surender Jit Singh Batra 14,54,464.00 6,00,000.00 230 17 Ajit Kumar 10,00,000.00 6,00,000.00 231 18 Gurpreet Kaur 10,00,000.00 6,00,000.00 232 19 Vibhuti Gupta 20,00,000.00 6,00,000.00 233 20 Savinder Grover 10,00,000.00 6,00,000.00 234 21 Paramjit Gandhi 3,38,00,000.00 30,00,000.00 235 22 Kaushalendra Kumar 91,63,000.00 16,50,000.00 236 23 Ajay Lal 2,88,44,000.00 18,00,000.00 33 SUB-TOTAL 71,74,12,664.00 8,10,62,250.00 237 Wimberly Allison Tong & Goo UK Ltd. 3,33,48,803.00 3,33,48,803.00 237 GRAND TOTAL 3,18,95,66,730 80,08,00,652 It is pertinent to mention that no winding up order has been passed against the defendant no. 1-company till date. Moreover, most of its creditors have set....