Pacl Decision PDF

INDEX
s.No. PARTICULARS PAGES
1. Application for directions on behalf of

Applicant/ Objector to the property added l-20
in the auction list dated 27.8.2016 and
30.9.2O 16 alongwith Affi davit.
2 ANNEXUREA.l. A copy of possession

letter dated 30.4.1996 issued by DDA. 21-22
3 ANNEXURE A-2. A copy of the Perpetual

Lease Deed dated 7.6.1996 issued by DDA 23-38
in favour of initial allottee.
4. ANNEXURE A-3. A copy of the General

Power of Attorney dated 3.7.1996 in favour 39-43
of Pearls Green Forest Ltd.
I
5. ANNEXURE A-4. A copy of the Agreement

to Sell dated 3.7.1996 in lavour of Pearis 44-49
Green Forest Ltd.
6 ANNEXURE A-5. A copy of the Special

Power of Attorney dated 03.7.1996 in 50-51
favour of Pearls Green Forest Ltd.
7 ANNEXURE A-6. A copy of the Will dated

O3.7.1996 in favour of Pearls Green Forest 52-53
Ltd.
8 ANNEXURE A-7. A co py of the receipt on

an amount of Rs.11 lakhs dated 03'7.1996' -54-
9 ANNEXURE A-8. A co py
of the General
Power of Attorney dated 12.3.1997 in 55-58
10. AN NEXURE A-9. A copy of the SPecial

Power of AttorneY dated 12.3.1997 1n -59-
11. ANNEXURE A-10. A co py of the Agreement

to Sell dated 12.3.1997 in favour o f Pearls 60-63
Green Forest Ltd.
t2. ANNEXU RE A-11. A co of the Indemni

Bond dated 12.3.1997 in favour of Pearls 64-66
Green Forest Ltd.
13. ANNEXURE A-12. A copy of the Will dated

12.3.1997 in favour of Pearls Green Forest 67-68
Ltd.
74. ANNEXURE A-13. A copy of the Affidavit

dated 12.3.1.997. 69-70
i5. ANNEXURE A-14. A copy of the Possession

Letter dated 12.3.1997 . -7 t-
76. ANNEXURE A-15. A copy of the receipt on
an amount of Rs.11 lakhs daled 12.3.1997. -72-
17. ANNEXURE 4-16. A co py of the Agreement

to Sell dated 22.9.200 1 executed between 73-77
PGFL and PACL.

to Sell dated 19.6.2008. 78-86
19. ANNEXURT A-18. A copy of the General

Power Attorney dated 19.6.2008. 87-9t
20. ANNEXURE A-19. A copy of the Special
I
Power Attorney dated 19.6.2008. -92-
2t. ANNEXURE A-2O. A copy ol the Will dated

1.9.6.2008. 93-94
22. ANNEXURE A-21. A copy of the Afhdavit

dated 19.6.2008. 95-96
23. ANNEXURE A-22. A copy of the Possession

Letter dated 19.6.2008. -97 -
2+. ANNEXURE A-23. A copy of the receipt for

the sum of Rs.71 Lakhs in favour of 98-99
Mukesh Goel.
25. ANNEXURE A-24, A copy of the

Conveyance Deed dated 26.O3.2009 in - 100-
favour of Mukesh Goel.
26. AN NEXURE A-25. A co py of the sale deed

dated 9.9.2009 in favour of the Applicant i01- 105
by Mr. Mukesh Goel.
27. ANNEXURE A-26. A co py of the letter
dated 77.7.2013 issued by the Authority in 106- 107
favour of the Applicant,
28.1 ANNEXURE A-27. A copy of the General

Power Attorney dated 5.71.2O14. 108-111

to Sell dated 5. 71.2014. rt2-rt6
30. ANNEXURE A-29. A copy of the Afhdavit
dated 5.1 l.2ol4. 117-118
11
JL. ANNEXURE A-3O. A copy of the Possession
letter dated 5.L1.2014. -119-
ao ANNEXURE A-31. A copy of the Wiil dated

5.1 i.2014. 120-t21
JJ. ANNEXURE A-32. A copy of the receipt for

the sum of Rs.4 crores in lavour ol the
Applicant. t22-123
34. ANNEXURE A-33. A copy of the order

dated 2.2.2076 passed by this Hon'ble 1.24-731
Court.
35. ANNEXURE A.34. A copy of the website

mentioning therein said property as one of t32-t39
the properties of PACL included for auction.
36. ANNEXURE A-35. A co py of the objection

dated 3.3.2017 hled by the Applicant before 140-r46
the Lodha Committee.
J/. AN NEXURE A-36. A co py of the order

dated 15.11.2OL7 passed by this Honble 147-152
Court.
38. ANN EXURE A.37. A copy of the order

dated 22.L2.2017 Pas sed by the Ld. District 153- 160
Judge, Shri R.S. Virk (Retd.).
1
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
I.A. NO. _ OF 2018
IN
CIVILAPPEAL NO. 13301 OF 2015
IN THE MATTER OF: -
Subrata Bhattacharya ...Appellant
Versus
Securities & Exchange Board of India .. Respondents
AND IN THE MATTER OF:
AGM SUPER ESTATES LTD

Through its Director
Mr. Ashok Kumar Mehta
G.H.9, Flat No.S,
Near Sunder Vihar,
Paschim Vihar, West Delhi,
Delhi- 1 10 087 ...Applicant
APPLICATION FOR DIRECTIONS ON BEHALF OF

F
APPLICANT/OBJECTOR TO THE PROPERTY ADDED IN
THE AUCTION LIST DATED 27.A,2OL6 AND 30.9.2016
TO,
THE HONtsLE CHIEF JUSTICE AND
HIS COMPANION JUSTICES OF THE
HONtsLE SUPREME COURT OF INDIA
THE HUMBLE APPLICATION OF THE APPLICANT ABOVE
NAMED
MO ST RESPECTFULLY SHOWETH:-
1 That the present application has been hled by the

abovenamed Applicant herein chaltenging the order dated
22.12.2OL7 passed by Ld. Shri R'S. Virk, District Judge

d.
(Retd.) whereby, the Ld. District Judge (Retd.) has
dismissed the objections fi1ed by the Applicant herein.
2. By way of said objections, the Applicant herein being an
actual and rightful owner of property admeasuring

325.54 sq. mtrs, bearing Plot No.28, Sector 10, Dwarka,
New Delhi (hereinafter referred as "subject property")
had sought for delisting of subject property which has

been wrongfully included in the auction list as one of the
properties of PACL for sale.
3. The dismissal of objections filed by the Applicant herein
is based upon an erroneous finding of the Ld. District

Judge that the transfer of the subject property has
already been affected by the Applicant herein in favour of
PACL on the strength of GPA dated 5/17/2014 (Stamp
Paper No. IN-DL2840 184 105205M) and therefore, the
Applicant has no locus standi to prefer any objection
against the inclusion of subject property in the auction

list.
4 The Ld. District Judge has erroneously placed reliance
upon GPA dated 5/lll2ol4. On a bare perusal of the
said GPA, it is evidently clear that although the said GPA
has been executed between abovenamed Applicant/AGM
Super Estates Pvt. Ltd. and M/s. PACL Ltd but in

a
O
relation to some other property i.e. No.7, Block Number-
C, built upon land measuring 324 square metres, Vikas
Puri, New Delhi-110018 and not in relation to the subject
property in question. The relevant extracts of
unregistered GPA are reproduced herein under:
"........ legal and lawful Gerueral Attorney to do

the follouing acts, deeds,and things in our name
and on our behalfin respect of Bullt uo second
.floor, (Wtthout Roof Rlshts) of Freehold
Properta Number 7, In Block Number C.
VikasPuri Neu Delhl-77OO78 conslstin o
Four Bedroom, Four Tollet cum bathroom
one drawlno Room. One Kltchen Dlnlnq.
Front Balconu.,..."
5. The order daLed 22.1,220),7 passed by the Ld. District
Judge is detrimental to the valuable and legal rights of
ownership of the Applicant herein, in the subject property.
Aggrieved by the order dated 22.12.2017 passed by

Learned District Judge, the Applicant herein has preferred
the said application.
BRIEF FACTS
6 Brief facts leading to the hling of the present application
and also elaborating herein the 'chain of title' in ad'
seriatim ruise qua the subject property is as follows:
(i) The aforesaid property was initially allotted vide
ietter no. F.27(56)92LSB(R)940 dated 12'01'1996

+
by DDA to one Jaggi S/o. Shri Yad Ram being an
Original allottee. DDA had issued a possession
letter dated 30.4.1996 and subsequently executed

perpetual lease deed dated 07.06.1996 in the favour
of Jaggi and his wife Smt. Khazani.
A copy of possession letter dated 30.4.1996 issued
by DDA is annexed hereto and marked as
ANNEXURE A-1. (AT PAGES TO

- -)
A copy of the Perpetual Lease Deed dated 7.6.1996
issued by DDA in favour of initial aliottee is

annexed hereto and marked as ANNEXURE A-2'
(AT PAGES _ TO
-)
(ii) Subsequent, thereto vide General Power of Attorney'
Agreement to SelI, Special Power of Attorney and

by the initial
Will, all dated 13'7'1996 was executed
Green Forest Ltd'
allottee (Jaggi) in favour of Pearls
of Attorney dated
A copy of the Generai Power
Green Forest Ltd' is
3.7.1996 in favour of
Pearls
RE A-3.
hereto and marked as
annexed
To
(AT PAGES
- -)
ernent to Sell dated 3'7'1996
rlr
Agre
A copy of the
Ltd' is annexed hereto
Pearls Gre en Forest
favour of
4. (AT PAGES
as
and rnarked
To
-)
A copy of the Special Power of Attorney dated
03.07.1996 in favour of Pearls Green Forest Ltd. is
annexed hereto and marked as ANNEXURE A-5.
(AT PAGES _ TO _)
A copy of the Will dated 03.07.1996 in favour of
Pearls Green Forest Ltd. is annexed hereto and
marked as ANNEXURE A-6. (AT PAGES _ TO _)
A copy of the receipt of an amount of Rs.11 lakhs
dated 03.07.1996 is annexed hereto and marked as
ANNEXURE A-7. (AT PAGES TO

- -)
(iii) In the month of March, 7997, Pearl Green Forest
Ltd. executed General Power of Attorney, Special
Power of Attorney, Agreement to Sell, Indemnity

Bond, Will, Affidavit, Possession Letter and receipt
of Rs. 15 iakhs all dated 12.3. L997 in favour of one,
Mr. Nirmal Singh Bhangoo.
A copy of the General Power of Attorney dated

12.3.1997 in favour of Pearls Green Forest Ltd. is
(AT PAGES _ TO _)
A copy of the Special Power of Attorney dated
l2.3.lgg7 in favour of Pearls Green Forest Ltd' is
annexed hereto and marked as AN NEXURE A-9.
(AT PAGES TO
- -)
6
A copy of the Agreement to Sell dated 72.3.1997 in

favour of Pearls Green Forest Ltd. is annexed hereto
and marked as ANNEXURE A-1O. (AT PAGES _

TO _)
A copy of the Indemnity Bond dated 12.3.1997 in
favour of Pearls Green Forest Ltd. is annexed hereto
and marked as ANNEXURE A-11. (AT PAGES _

To _)
A copy of the Will dated 12.3.1997 in favour of
Pearls Green Forest Ltd. is annexed hereto and
marked as ANNEXURE A-12. (AT PAGES _ TO
_)
A copy of the Afhdavit dated 12.3.1997 is annexed
hereto and marked as ANNEXURE A-13. (AT

PAGES TO
- -)
A copy of the Possession Letter dated 12.3.1997 is
(AT PAGES _ TO _)
A copy of the receipt on an amount of Rs.1 1 lakhs
dated 12.3.1997 is annexed hereto and marked as
ANNEXURE A-15. (AT PAGES _ TO _)
(iv) While accessing the website for auction of PACL
properties i.e. www.auctionpacl.com, it was found
by the Applicant herein that the subject property

JI
was being put up on sale as one of the PACL

properties on the basis of Agreement to SeIl dated
22.9.2OO1 which was aliegediy executed between
PGFL and PACL. The said Agreement to Sell was

unregistered document and it was obvious that the
parties did not act upon the said Agreement to Sell
and the sarne was never fructified.
A copy of the Agreement to Sell dated 22.9.2OO1

executed between PGFL and PACL is annexed

PAGES _ TO _)
(v) Mr. Nirmal Singh Bhangoo has then executed a
registered agreement to sell, GPA, Will, Afhdavit and
Possession Letter and also receipt for the sum of

Rs.71 Lakhs in favour of Mukesh Goel.
A copy of the Agreement to SeIl dated 19.6.2008 is
(AT PAGES _ TO _)
A copy of the General Power Attorney dated
79.6.2008 is annexed hereto and marked as

A copy of the Special Power Attorney dated
19.6.2008 is annexed hereto and marked as

/n
w
()
A copy of the Will dated i9.6.2008 is annexed
hereto and marked as ANNEXURE A-2O. (AT
PAGES _ TO _)
A copy of the Affidavit dated 19.6.2008 is annexed

x PAGES TO
A copy of the Possession Letter dated 19.6.2008 is
(AT PAGES _ TO _)
A copy of the receipt for the sum of Rs.71 Lakhs in
favour of Mukesh Goel is annexed hereto and
marked as ANNEXUREA-23. (AT PAGES _ TO
_)
ir (ui) On 2.4.2OO8, Mukesh Goel through Jaggi (the

original allottee) applied for grant of sanction for
construction vide letter dated 02.04.2008 and after
completion, submitted building plan as aiso
construction photograph, pursuant where to DDA
granted occupancy certificate dated 06.11.2008.

Subsequently, Mukesh Goel then submitted
documents such as treasury slip for transfer,
challan, receipt of freehold conversion. On
submission of said documents, DDA has issued a

9
Conveyance Deed dated 26.03.2009 in favour of
Mukesh Goe1.
A copy of the Conveyance Deed dated 26.03.2009 in
favour of Mukesh Goel is annexed hereto and

Y _)
(vii) Thereafter abovenamed Mukesh Goel had executed

registered sale deed way back in 09.09.2009 for an
amount of Rs. 85 Lakhs in favour of the Applicant
i.e. AGM Estates which can be estabiished by the

proof of payment, property tax receipts along-with
proof of payment through cheque and pursuant

thereto mutation in favour of the Applicant was
entered on 17.O7.2013 vide letter bearing
no.Taxs/ Mut/ Dy A&C/N GZ I 20 t3 I t7 53.

A copy of the sale deed dated 9.9.2OO9 in favour of
the Applicant by Mr. Mukesh Goel is annexed

PAGES TO
- -)
A copy of the letter dated \7.7.20 13 issued by the
Authority in favour of the Applicant is annexed

PAGES TO
,-\
IU
(viii) The Ld. Single Judge while dismissing the
application for objection filed by the Applicant relied
upon a General Power of Attorney dated 5.ll.2Ol4
executed between M/s. PACL and the Applicant and
held that since the said property has already been
sold off by the Applicant to PACL Ltd. Appiicant

herein has no locus standi to file the present
objection pertaining to the said property. On
reference to the GPA dated 5.11.2014 affected vide
stamp No. IN-DL28141637880499M, it is
abundantly clear that the said GPA dated

5.11.2014 aiongwith Agreement to Sell dated
5.I1.2014, afhdavit dated 5.11.2014, Possession
letter dated 5.L1.2O14, Will dated 5.11.2014 and

receipt dated 5.11.2014 for an amount of Rs.4
crores is not in relation to the subject property but
relates to property bearing No.7 Block, No.C, built
upon land measuring 324 sq. mtrs. VikasPuri, New
Delhi-110 018.
A copy of the General Power Attorney dated

5.77.2O14 is annexed hereto and marked as

A copy of the Agreement to Sell dated 5.11.2014 is
(AT PAGES _ TO _)
It
A copy of the Affidavit dated 5.ll.2ol4 is annexed

PAGES _ TO _)
A copy of the Possession letter dated 5.11.2014 is
annexed hereto and marked as ANNEXURE A-3O.
\+
(AT PAGES _ TO _)
A copy of the Will dated 5.11.2014 is annexed
PAGES _ TO _)
A copy of the receipt for the sum of Rs.4 crores in
favour of the Applicant is annexed hereto and

_)
(ix) The present appeal was filed by the Appellant

herein wherein this Hon'ble Court has constituted a
committee chaired by Honble Mr. Justice R.M.
Lodha, Former Chief Justice of India vide order
dated 2.2.2016 (herein after referred as
"Committee"). The said committee was constituted
for disposing of the land purchased by PACL, so
that the sale proceeds can be paid to the investors

who had invested their funds in the company for
the purchase of land. In the said order, this

Honble Court has categorically stated that the
lq
lv-
decision with regard to sale of property of PACL by
the Committee shall not be interfered with by any

other Court apart from this Hon'ble Court.
A copy of the order dated 2.2.2016 passed by this
Honlcle Court is annexed herewith and marked as
(x) It came to the knowledge of the Applicant that the

said property has been included in a list shown on
the website of www.auctionpacl.in for sale as MR

No.5093 with details of seller being described as
PGF Ltd. a sister concern of PACL and the details of
buyers being PACL India Ltd.
A copy of the website mentioning therein the said

property as one of the properties of PACL is
annexed hereto and marked ANNEXURE Ajg4. (AT
PAGES To _)
("i) On 3.3.2017, the Applicant herein has hled its
objection for auction of said property being included
as one of the properties of PACL before Hon'ble Mr.
Justice Lodha Committee. In the said application,
Applicant herein stated the facts establishing that
they are the lawful and registered owner of the said
property as per law and has provided all the
documents establishing the chain of title and

t3
ownership of said property from the very inception
tiil the registered sale deed being executed in favour

of Applicant by Mr. Mukesh Goel.
A copy of the objection dated 3.3.2017 filed by the
Applicant before Hon'ble Justice Lodha Committee
is annexed hereto and marked as ANNEXURE A-
35. (AT PAGES _ TO _)
(xii) This Hon'ble Court vide order dated i5.71.2O17,

directed Shri R.S. Virk, District Judge (Retd.) to
hear objections raised by the parties such as
Applicant herein who has interest in one of the

properties included in the auction list for sale by
the said committee. It was directed that Ld. Mr.
Virk (Retd. District Judge) shall take up these
matters on an urgent basis and submit his report
within a period of 4 months.
A copy of the order dated 15. ll.2017 passed by this
Hon'ble Court is annexed hereto and marked as
(xiii) Subsequent to the order dated 15.11.2017 passed

by this Hon'ble Court, the Learned District Judge
dismissed the objection petition filed by the
abovenamed Applicant vide order dated 22.12.2O1.7.
Aggrieved by the order dated 22.12.2017, the

l+-
abovenamed Applicant has preferred the present

application.
A copy of the order dated 22.12.20L7 passed by the
Ld. District Judge, Shri R.S. Virk (Retd.) is annexed

PAGES _ TO _)
7. The Learned District Judge has dismissed the
Application for objections filed by the Applicant vide
order dated 22.12.2017 on an erroneous reference to the
GPA dated 5.L1.2O14 vide stamp No.lN-
DL2814163788O499M executed between the Applicant
and PACL. On the basis of said GPA, the Ld. District

Judge came to a conclusion that by virtue of GPA dated
V 5.1,1.2014, the Applicant is no longer the owner of the
property which now vests with PACL and therefore has
no locus standi to raise the objection qua the subject

property.
8. It is submitted by the Applicant herein that the Ld.

District Judge has incorrectly relied upon the GPA dated
5.17.2014 and wrongly dismissed the vested rights of the
Applicant to hle objections as the GPA does not have any
relation to the subject property in question. In fact, GPA
has been executed between abovenamed Applicant and
M/s. PACL Ltd. for a property situated in Vikaspuri, New

ls
Delhi. The relevant extract of the order dated 22.12.2017
passed by Learned District Judge (Retd.) is recapitulated
herein under:
"......as per the said entry, the sale pice of this

is 4 crores and the transfer
propertg utas
effected uide the stamp No. //V-
DL28141637880499M, on the strengthof GPA

(stamp No. IN-DL2814163788O499M) by AGM
SUPER ESTA?ES PVT LTD in Jauour of PACL
dated 05/11/2014 which aspect has been
uithheld bg the objector herein. Thus the objector
is no longer the owner of this propertg which nou
uest with PACL and therefore has no locus standi
to prefer the objection petition in hand"
9. From the aforesaid facts, it is clear that the abovenamed
Applicant has a complete chain of documents in their
favour and the only document which relates to M/s.

PACL is an unregistered agreement to sell dated
22.09.2OO1executed by M/s PGF in favour of M/s. PACL
limited. However, the said document is of no
consequence for the fact that the same is unregistered

document and DDA has executed conveyance deed in
favour of Mr. Mukesh Goel after going through the

veracity of all the documents and has further taken the
consent of J"egt (Original Owner/Allottee).
10. Inspite of taking notice of the submissions made by the
Applicant herein in their objection petition, the Ld'

t6
District Judge has refused to accept the submissions

made by the Applicant on the premise that the Central
Bureau of Investigation had taken the original records of
the transfer of the property in question into possession

vide Malkhana register (MR No. 425/16). The Learned
District Judge had wrongly relied upon the said entry by
stating that the sale price of this property is Rs.4 crores
and the transfer was affected vide the stamp No. IN-
DL28141637880499M, on the strength of GPA (Stamp
Paper No. IN-DL284018a105205M) by Applicant 1n
favour of PACL dated 5/111201,4, which aspect has been
withheld by the Applicant herein and therefore has no
loca1 standi to prefer the objection petition.
1 1. It is submitted that the Learned District Judge had failed

to appreciate the fact that a registered sale deed has been
executed in favour of the Applicant by Mr. Mukesh Goel
in whose favour a conveyance deed has been executed by
DDA in the year 2009. By virtue of the registered sale
deed in respect of the aforesaid property which is a
freehold property, the abovenamed Applicant herein has
vested owner's right, title and interest in the valuable

property. The reliance on the GPA dated 5lILl2OLa by
the Learned District Judge is uncalled for as it has no
bearing on the subject property.

)7
12. It is humbly submitted that the Appeilant is a bona-fide

purchaser of the said property and shall not be
prejudiced on account of wrongly placed reiiance on a
document (i.e. GPA) by the Learned District Judge. The
order dated 22.12.2016 passed by the Learned District
Judge (Retd.) is detrimental to the vested rights of the
Applicant and shall be set aside. And in effect thereto,
said property shal1 be delisted from the properties

attached by the committee chaired by Hon'ble Supreme
Court vide order dated 02.02.2016 in the captioned

Appeal.
13. It is submitted that in view of the materia-l and relevant

facts revealed by the Applicant herein, it shall be
expedient in the interest of justice that this Hon'ble Court
may direct the Respondent to de-list the subject property
from the auction list provided by Respondent on its

website as one of the properties for sale of PACL Ltd.
14. It is submitted that great prejudice and irreparable injury

will be caused to the Applicant, if this Hon'ble Court does
not direct the Respondent to de-list the subject property
from the list of properties being included for auction of
properties owned by PACL or its sister concern.

ls
15. That the balance of convenience is in favour of the

Applicant. The Applicant shall suffer irreparable harm
and injury if the present application is not allowed.
PRAYER
It is most respectfully prayed that this Hon'ble Court may be
pleased to:-
a) direct the Respondent to delist the subject property being
bearing Plot No.28, Sector 10, Dwarka, New Delhi from
the list of properties as one of the PACL's properties

attached by the Honble Mr. Justice R.M. Lodha
Committee for sale;
b) pass such other and further order(s) as this Honble
Court may deem fit and proper in the facts and
circumstances of the case.
AND FOR THIS ACT OF KINDNESS THE APPLICANT SHALL,
AS IN DUTY BOUND, EVER PRAY.
DRAWN & FILED BY:
(MOHTT PAUL)
ADVOCATE FOR THE APPLICANT
Off: A-86, Ground Floor, Defence Colony
New Delhi -110024
Phone: +9 1- 1 1-41024429
Mobile:+9 198 1084 1 57 1, 87 44883241
c.c. 1899
Place : New Delhi
Dated: .06.2018
t7
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
t.A. NO. _ OF 2018
IN
CIVIL APPEAL NO. 13301 OF 2015
lN THE MATTER OF: -
Subrata Bhattacharya ...Appellant
Versus
Securities & Exchange Board of India Respondents
AND IN THE MATTER OF :
AGIVI Super Estates Ltd. ...ApplicanVObjector
AFFIDAVIT
l, Ashok Kumar Mehta, s/o. Shri H.L. lVlehta, aged about 67 years,
having its office at G.H.-9, Flat No.5, Near Sunder Vihar, Paschim Vihar,
!t
West Delhi, Delhi-110 087, do hereby solemnly affirm and state as
under:-
1. That I am Director of the Applicant Company in the aforesaid
matter and as such I am well acquainted with all the facts and
circumstances of the case and am fully authorized to swear this
affidavit.
2. I say that I have heard and understood the contents of the

accompanying application for direction and the same are true and
correct to the best of my knowledge and belief, no part thereof is
false and nothing material has been concealed therefrom.

2o
3. Annexure is true copy of their respective originals.
DEPONE "J>_
NT
VERIFICATION:
I, the abovenamed deponent do hereby verify that
the contents of the above affidavit are true to the
best of my knowledge as based on records of the
case and nothing is false and nothing material has
been concealed therefrom.
Verified by me on this day of ,2018 at

New Delhi.
,"M$+-
fi,,ûruo',- A lro
D<
DELH I DEVELOPMENT AUTHORITY

LAND SALES BRANCH (RESIDENTIAL)
Block C-ll, 3'd Floor,
Vikas Sadan, lNA,
New Delhi-1 10 023
No. F27(56)92lLSB (Resdl. )/51 67 30.4.1996
From : Dy. Director (LA) Resdl.

1r1,
To,
Sh. Jaggi,
s/o. Sh. Yad Ram alias Yadu
R|o.272, Vill. & P.O. Badarpur
New Delhi
Sub.: Handing over the possession of Plot No.28 Block Section 10,
Pocket _ measuring 325.54 Sq. Mtr. ln Dwarka Resdl

Scheme
Sir/lVladam,
It is intended to hand over the possession of the Plot

mentioned above to you in anticipation of execution of lease deed
which is likely to take some time, The Asstt. Engineer concerned
has been directed to hand over the possession of the said plot on
14.5.1996 at 11.00 a.m. to you. You are, therefore, requested to
be present at plot site on the appointed time and time.
You may kindly sign the letter of undertaking to execute the lease
deed when called upon to do so. This letter will be presented by
you at site,
1
nq
x<
Please note that in case you do not turn up at site on the
date and time for taking over the possession, the next date for
handing over the possession will be fixed only on payment of
Rs.50/- per month by you and this penalty will increase with every
successive month upto six months after which the allotment will be
cancelled and earnest money forfeited.
Yours faithfully
sd/-
Deputy Director (LA) Resdl.
Copy fonvarded to :
1. DD (Survey) Dwarka alongwith file, for handing over the

possession of plot to the allottee at the appointed date and
time. Three specimen signatures and one photo, duly
attested, is also enclosed.
2. The Assessor & Collector, Assessment & Collection Deptt.
MD (HO), S.P. Mukerjee Marg, Opp. Delhi Railway Station,
Delhi
sd/-
Deputy Director (LA) Resdl
\l-
Tu€- G?7"
2
c)o
d.c
nexuk:- Lfz
PERPETUAL LEASE DEED
This lndenture made this _ day of _ one thousand
nine hundred and _ between the President of lndia (hereinafter
called "the Lessor") of the one part and Shri Jaggi, s/o. Sh. Yad
Ram alias Yadu & Smt. Khazani, w/o. Sh. Jaggi, r/o. 272 Vill. &
P.O. Badarpur, New Delhi (hereinafter called "the Lessee") of the
second part
Whereas the Lessee has applied to the Lessor, for the grant of a
lease of the plot of land, belonging to the Lessor, hereinafter
described and the Lessor has on the faith of the statements and
representations made by the Lessee, accepted such application
and has agreed to demise the said plot to the Lessee in the
manner hereinafter appearing.
Now this indenture witnesseth that, in consideration of the
amount of Rs.6600301 (Rupees Six lacs Sixty Thousand Thirty
only) paid towards premium before the execution of these presents
(the receipt where of the Lessor hereby acknowledges) and of the
rent hereinafter reserved and of the covenants on the part of the
Lessee hereinafter contained, the Lessor doth hereby demise unto
the Lessee, All that plot of land being the residential Plot No.28,
Block No.10 in the layout plan of Dwarka containing by
admeasurement an area. of 325.54 sq. mts. Or there abouts
situated at Dwarka .which residential plot ls more particularly

described in the schedule hereunder written and with boundaries
3
-?+
thereof for greater clearness has been delineated on the plan
annexed to these presents and thereon coloured red (hereinafter
referred to as "the Residential Plot") together with all rights,
easements and appurtenances whatsoever to the said Residential
Plot belonging or appertaining to hold the premises unto the
Lessee in perpetuity from 14th day of May one thousand nine
hundred and ninety six.
Yielding and Paying therefore yearly rent payable in advance
of Rs.1l (Rupees One only) upto the 13th day of May, Two
thousand One and thereafter at the rate of two and a half percent
of the premium (the sums already paid and such other sum or
sums hereafter to be paid towards premium under the covenants
and conditions hereinafter contained) or such other enhanced rent
as may hereafter be assessed under the covenants and conditions

=
hereinafter contained clear of all deductions by equal half yearly
payments on the fifteenth day of January and the fifteenth day of
July in each year at the Reserve Bank of lndia, New Delhi or at
such other place as may be notified by the Lessor for this purpose,
from time to time, the first of such payments to be made on the
fifteenth day of July one thousand nine hundred and the rent
amounting to Rs.Sl (Rupees Five only) from the date of

commencement of this Lease to the last mentioned date having
been paid before the executlon of these presents.
4
q-4
J>
Subject always to the exceptions, reservations, covenants
and conditions hereinafter contained, that is to say, as follows :-
l. The Lessor excepts and reserves unto himself all mines,

minerals, coal, gold washing, earth oils and quarries in or
under the Residential plot, and full right and power at all
ir
times to do all acts and things which may be necessary or
expedient for the purpose of searching for, working,
obtaining, removing and enjoying the same without providing
or leaving any vertical support for the surface of the
Residential plot or for any building for the time being standing
thereon provided always that the Lessor shall make

reasonable compensation to the Lessee for all damage
directly occasioned by the exercise of the rights hereby
reserved or any of them

=
ll. The Lessee for himself, heirs, executors, administrators and
assigns covenants with the Lessor in the manner following
that into say :-
(1) The Lessee shall pay within such time such additional
sum or sums towards premium as may be decided
upon by the Lessor on account of the compensation
award by the Land Acquisition Collector being
enhanced on reference or in appeal or bother and the
decision of the Lessor in this behalf shall be final and
binding on the Lessee.
5
Qr
&t
The yearly rent of two and a half percent of the

premium thereby reserved shall be calculated on the
sum received towards premium by the Lessor before
the execution of these presents and on such additional
sum or sums payable towards premium as provided
herein from 13th day of May and Two Thousand One.
(2) The Lessee shall pay upto the Lessor the yearly rent
hereby reserved on the days and in the manner
hereinbefore appointed.
(3) The Lessee shall not deviate in any manner from the
layout plan nor alter the size of the residential plot
whether by sub-division, amalgamation or otheruvise.
3 (4) The Lessee shall, within a period of two year from the
14th day of May one thousand nine hundred and Ninety
Six (and the time so specified shall be of the essence
of the contract) after obtaining sanction to the building
plan, with necessary designs, plan and specifications
from the proper municipal or other Authority, at his own
expenses, erect upon the residential plot and complete
in a substantial and workman like manner a residential
building for private dwelling with the requisite and
proper walls, sewers and drains and other

conveniences in accordance with the sanctioned
6
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oz 1-
building plan to the satisfaction of such municipal or
other authority.
(5Xa) The Lessee shall not sell, transfer, assign or
othenruise part with the possession of the whole or any
part of the residential plot except with the previous
consent in writing of the Lessor which he shall be
entitled to refuse in his absolute discretion.
Provided that, such consent shall not be given for
a period of ten years from the commencement of this
Lease unless, in the opinion of the Lessor, exceptional
circumstances exist for the grant of such consent.
Provided further that, in the event of the consent
being given the Lessor, exceptional circumstances

3
exist for the grant of such consent.
Provided further that, in the event of the consent
being given the Lessor may impose such terms and
conditions as he thinks fit and the Lessor shall be
entitled to claim and recover a portion of the unearned
increase in the value (i.e. the difference between the
premium paid and the market value) of the residential
plot at the time of sale, transfer, assignment, or parting
with the possession, the amount to be recovered being
fifty percent of the unearned increase and the decision
7
o()
of the Lessor in respect of the market value shall be
final and binding.
Provided further that the lessor shall have the
pre-emptive right to purchase the property after

deducting fifty percent of the unearned increase as
aforesaid.
(b) Notwithstanding anything contained in Sub-
Clause (a) above, the Lessee may, with the previous
consent in writing, of the Lieutenant Governor of Delhi
(hereinafter called the Lieutenant Governor) mortgage
or charge the residential plot to such person as may be
approved by the Lieutenant Governor in his absolute
discretion.
Provided that, in the event of the sale or fore-
closure of the mortgaged or charged property, the

Lessor shall be entitled to claim and recover the fifty
percent of the unearned increase in the value of the
residential plot as aforesaid and the Lessor's share of
the unearned increase shall be a first charge, having
priority over the said mortgage or charge. The
decision of the Lessor in respect of the market value of
the said residential plot shall be final and binding on all
parties concerned.
8
So
d.J
Provided further that the Lessor shall have the
pre-emptive right to purchase the mortgaged or
charged property after deducting fifty percent of the
unearned increase as aforesaid.
(6) The Lessor's rlght to the recovery of fifty percent of the
unearned increase and the pre-emptive right to

purchase the property as mentioned herein-before
shall apply equally to an involuntary sale or transfer
whether it be by or through an executing or insolvency
cou rt.
(7) Notwithstanding the restrictions, limitations and
conditions as mentioned in sub clause (5) (a) above,
the Lessee shall be entitled to sublet the whole or any
part of the building that may be erected upon the
residential plot for purposes of private dwelling only on
a tenancy from month to month or from a term not
exceeding five years.
(8) Whenever the title of the Lessee in the residential plot
is transferred in any manner whatsoever the transferee
shall be bound by all the covenants and conditions
contained herein and be answerable in all respects
therefor
9
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x
<J
(9) Whenever the title of the Lessee in the residential plot
is transferred in any manner whatsoever, the transferor
and the transferee shall within three months of the
transfer give notice of such transfer in writing to the
Lessor
ln the event of the death of the Lessee the person on
whom the title of the deceased devolves shall, within
three months of the devolution, give notice of such
devolution to the Lessor.
The transferee or the person on whom the title
devolves, as the case may be, shall supply the Lessor
certified copies of the document(s) evidencing the
transfer or devolution.
(10) The Lessee shall from time to time and at all times pay
and discharge all rates, taxes, charges and

assessments of every description which are now or
may at any time hereafter during the continuance of
this Lease be assessed, charged or lmposed upon the
residential plot hereby demised or on any building to be
erected thereupon or on the landlord or tenant in
respect thereof
(1 1) All arrears of rent and other payments due in respect of
the residential plot hereby demised shall be
10
3t
recoverable in the same manner as arrears of land
revenue.
(12) The Lessee shall in all respect comply with and be
bound by the building, drainage and other bye-laws of
the proper municipal or other authority for the time

being in force.
(13) The Lessee shall not without sanction or permission in
writing of the proper municipal of the proper municipal
or other authority erect any building or make any
alteration or addition to such building on the residential
plot.
(14) The Lessee shall not without the written consent of the
Lessor use, or permit to be carried on, the residential
plot or building thereon any trade or business
whatsoever or use the same or permit the same to be
used for any purpose other than that of private dwelling
or do or suffer to be done therein any act or thing

whatsoever which in the opinion of the Lessor may be
a nuisance, annoyance or disturbance o the Lessor
and persons living in the neighbourhood.
Provided that, if the Lessee is desirous of using
any residential Plot or the building thereon for a
purpose other than that of private dwelling, the Lessor
11
Os
c/.,
may allow such change of use on such terms and
conditions, including payment of additional premium
and additional rent, as the lessor may in his absolute
discretion determine.
(15) The Lessee shall at all reasonable times grant access

to the residential plot to the Lieutenant Governor for
being satisfied that the covenants and conditions
contained herein have been and are being complied
with
(16) The Lessee shall on the determination of this Lease
peacefully yield up the said residential plot and the
building thereon unto the Lessor.
lll. lf the sum or sums payable towards the premium of the
yearly rent hereby reserved or any part thereof shall at any
time be in arrears and unpaid for one calendar month next
after any of the days whereon the same shall have become
due whether the same shall have been demanded or not, or
if it is discovered that this Lease has been obtained by
suppression of any fact or any mis-statement, mis-
representation or fraud or if there shall have been, in the
opinion of the Lessor, whose decision shall be final, any
breach by the lessee or by any person claiming through or
under him of any of the covenants or conditions contained
herein and on his part to be observed or performed, then and
72
Co
.)>
in any such case, it shall be lawful for the Lessor,
notwithstanding the waiver of any previous cause or right or
re-entry upon, the residential plot hereby demised and the
buildings thereon, to re-enter upon and take possession of
the residential plot and the buildings and fixtures there upon
this Lease and everything herein contained shall cease and
determine and the Lessee shall not be entitled to any
compensation whatsoever not to the return of any premium
paid by him
Provided that, notwithstanding anything contained
herein to the contrary, the Lessor may without prejudice to
his right of re-entry as aforesaid; and in his absolute
discretion, waive or condone breaches, temporarily or
otheruvise, on receipt of such amount and on such terms and
conditions as may be determined by him and may also
accept the payment of the rent which shall be in arrear as
aforesaid together with interest at the rate of ten percent per
annum or as decided by the Lessor.
lV. No forfeiture or re-entry shall be effected until the Lessor has
served on the Lessee a notice in writing :-
a) Specifying the particular breach complained of, and

b) if the breach is capable of remedy requiring the
Lessee to remedy breach
13
3t-
and the Lessee fails within such reasonable time as may be
mentioned in the notice to remedy the breach if it is capable
of remedy, and in the event of forfeiture or re-entry the

Lessor may in his discretion, relieve against forfeiture on
such terms and conditions as he thinks proper.
Nothing in this clause shall apply to forfeiture or re-entry:
a) for breach of covenants and conditions relating to sub-
division or amalgamation, erection and completion of
building within the time provided and transfer of the
residential plot as mentioned in clause ll, or
b) in case this Lease has been obtained by suppression
of any fact, mis-statement, mis-representation or fraud
V. The rent hereby reserved shall be enhanced from the first
day of January, Two Thousand and Thirty Six and thereafter,
at the end of each successive period of thirty years, provided
that the increase in the rent fixed at each enhancement shall
not at each such time exceed one half of the increase in the
letting value of site without buildings at the date on which the
enhancement is due and such letting value shall be assessed
by the Collector or Additional Collector of Delhi as may be
appointed by the Lessor.
Provided always that any such assessment of letting
value for the purpose of this provision shall be subject to the
T4
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5>
same right on the part of the Lessee of appeal from the
orders of the said Collector or Additional Collector and within
such time as if the same were an assessment by a Revenue
Officer under the Punjab Land Revenue Act, 1887(XVll of
1887), or any amending Act, for the time being in force and
the proceedings for in relation to any such appeal shall be in
all respects governed by the provisions of the said Act, in the
same manner as if the same had been taken thereunder
Vl. ln the event of any question, dispute or difference, arising

under these presents, or in connection therewith (except as
to any matters the decision of which is specially provided by
these presents) the same shall be referred to the sole
arbitration of the Lieutenant Governor or any other person
appointed by him. lt will be no objection that the arbitrator is
a Government Servant, and that he has to deal with the
matters to which the Lease relates, or that in the course of
his duties as a Government Servant he has expressed views
on all or any of the matters in dispute or difference. The
award of the arbitrator shall be final and binding on the
parties.
The arbitrator may, with the consent of the parties,
enlarge the time, from time to time, for making and publishing
the award.
15
c1 y'
3b
Subject as aforesaid, the Arbitration Act, 1940 and the
Rules thereunder and any modification thereof for the time
being ln force shall be deemed to apply to the arbitration
proceedings under his Clause.
Vll. All notices, orders, directions, consents or approvals to be

given under this Lease shall be in writing and shall be signed
by such officer as may be authorised by the Lieutenant

Governor and shall be considered as duly served upon the
Lessee or any persons claiming any rights to the residential
plot if, the same shall have been affixed to any building or
erection whether temporary or otherwise upon the residential
plot or shall have been delivered at or sent by post to the
then residence, office or place of business or usual or last
known residence, office or place of business of the Lessee or
such person
Vlll.(a) All powers exercisable by the Lessor under this Lease
may be exercised by the Lieutenant Governor. The Lessor
may also authorise any other officer or officers to exercise all
or any of the powers exercisable by him under this Lease
(b) The Lieutenant Governor may authorise any officer or
officers to exercise all or any of the powers which he is
empowered to exercise under this lease except the powers of
the Lessor exercisable by him by virtue of sub-clause(a)

above
16
3?
lX. ln this Lease the expression, the Lieutenant Governor means
the Lieutenant Governor of Delhi for the time being or in case
his designation is changed or his office is abolished, the
officer who for the time being is entrusted, whether or not in
addition to other functions, with the function similar to those
of the Lieutenant Governor by whatever designation such
officer may be called. The said expression shall further
include such officer as may be designated by the Lessor to
perform the functions of the Lieutenant Governor under this
Lease
X. The expressions the Lessor and the Lessee herein before
used shall where the context so admits include, in the case of
the Lessor his successors and assigns, and in the case of
the Lessee his heirs, executors, administrators or legal
representatives and the person or persons in whom the

lease-hold interest hereby created shall for the time being be
vested by assignment otherwise.
Xl. This Lease is granted under the Government Grants Act,
1895 (Act, XV of 1895)
ln witness whereof Shri H.G. Khurana for and on behalf of any by
the order and direction of the Lessor has hereunto set his hand and
Shri/Shrimati Jaggi J. Khazani the Lessee, has/have hereunto set
his/her/their hand day and year first above written
!7
33
THE SCHEDULE ABOVE REFERRED TO
All that plot of land being the Residential Plot No.28 in Block
No.10 in the layout plan of Dwarka Resdl. Scheme sanctioned by
eh Standing Committee of the Municipal Corporation of Delhi/New
Delhi Municipal Committee/Delhi Development Authority/Delhi

Cantonment Board by Resolution No.78 dated the 21't day of
August one thousand nine hundred and eighty six land measuring
325.54 sq. mts. or thereabouts bounded as follows :-
North : Plot No.29
East :Plot No.33
:
South Plot No.27
West: Road 9 mts.
And shown in the annexed plan and marked with its boundaries in
red.
Signed by Shri H.G. Khurana
For and on behalf of and by the order
And direction of the President of lndia (Lessor)
ln the presence of :
(1) Shri R.K. Bhardwaj

S. Asst.
Signed by Shri/Shrimati Jggi
& Smt. Khazani
272 Badarpur, N.D. (Lessee)
ln the presence of
(1) Shri Raj Kumar
F-135
I t ----r-
l1'qe- Cp ?'/ "
18
3e
fr01^.r,,0., uls
GENERAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT THAT We, Jaggi S/o Sh.
Yad and Smt. Khazani Wo. Sh. Jaggi both Rlo 272, Vill. P.O
Badarpur, New Delhi (hereinafter called the EXECUTANTS), do
hereby appoint, nominate and constitute Sh. B.K, Kalia Son of Late
Shri Ram Sarup, resident that 403, Lakeview Apartments, Paschim
Vihar, New Delhi, (hereinafter called the General Attorney) as our
true and lawful General Attorney, to do all acts, deeds and things in
our name and on our behalf under his/her own signatures, as
deems fit and proper, in any manner, in respect Plot Number 28,
measuring 325 sq. Mtrs. Sector 10, Dwarka, Pappan Kalan
Residential Scheme, New Delhi, with the lease hold rights of the
land under the said property, of which we are Co-owner by virtue of
perpetual lease deed Regd. No.9190. Book No. 1, Vol. No.8458
't! on pages 127 to 132, d|.25.6.1996, in the office of sub-Registrar,
Delhi.
1. To pay the lease money and other dues regarding the above
mentioned plot to the concerned authority on demand
2. To manage, control and supervise of the said plot in any
manner
3. To sign, verify, present and pursue all kinds of suits,
applications, affidavits, review, revision in all the courts and
19
+.
departments concerned from lower to highest jurisdictions in
respect thereof
4. To deal all matters with all the local competent revenue

M.C.D./D.D.A. authorities in respect thereof.
5. To apply and get all kinds of sale permission for the transfer
of the said plot or property to be constructed on the said plot
of land
6. To file, affidavit or reply to any letter or notice issued by the
concerned authority or any other departments in respect
thereof.
7. To obtain the quota and -permits of Cement, Bricks, lron and
from the and other building materials and to get the same
authorities to give applications, affidavits, and other

documents to produce the Ration Card and to do all acts,
deeds and things which are necessary for the same.
8. To apply and get the Electric, Water, Power and Sewage
connection and other services sin the said property from the
authorities concerned and to submit C & D forms etc. for
obtaining the necessary permission and to sign the same.
9. To deposit and withdraw the security money or any amounts
from the office, of the concerned authorities.
20
Ft
10. To apply and get the plan sanctioned from the concerned
office and if necessary to apply and get extension of time.
11. To apply and get any compensation amount if awarded by
any of the authority in respect thereof
12. To engage any building contractor sign agreement for the
construction and to do all acts, deeds and things which
necessary for the same.
13 To apply and get completion certificate from the office of the
Land & Building department or any other authority
14. To apply and get lncome Tax Clearance certificate from the
departmenUauthority concerned for the transfer of the said
property to be constructed on the said plot.
15. To sell, mortgage, gift, lease, relinquish, otherwise and to
deal with the said plot or property to be constructed on the
said plot, to execute the sale deed, and documents,
supplemental of sale deed admit its execution, transfer the
possession, receive the entire sale consideration amount, get
the same duly registered before the sub Registrar,,
concerned, after issue of all sale permission from the
concerned authorities.
16. To apply and get mutation sanctioned from the office of the
appropriate authority in respect thereof
fis
Lr/
,_-
17. To enter into an agreement for the sale of the said plot or
property to be constructed on the said plot with any

person(s).
18. To convert the above mentioned plot from the lease hold
rights into free hold rights from the office of the lessor, to pay
the conversion charges and in this regard to make and file
any sort of application, affidavit, sign prescribed forms, to
sign and execute any kind of affidavits, lndemnity Bond,

Undertaking etc. to get the conveyance deed or any other
deeds and documents, to present the same for registration
before the Sub Registrar, concerned
19. To appoint any arbitrator in respect of any disputes or

difference regarding the said plot and to accept the award of
the said Arbitrator.
20. To appoint further attorney, advocate etc
21 . This General Power of Attorney shall be irrevocable.
AND ALSO GENERALLY to do all acts, deeds and things

regarding the said property which are not specifically mentioned in
this deed as myiour said attorney deems fit and proper.
lAlVe hereby ratify and confirm that all acts, deeds and things which
have been done my/our attorney shall be considered as valid and
effective as if the same were done by me/us in person
22
&g
lN WITNESS WHEREOF, lAlVe has/have signed this General
Power of Attorney on this 3'd day of July 1996 in the presence of
the following witnesses:-
WITNESSES:
1 EXECUTANT (S)
o1'ru, Gvy t1
,1
+4-
ff,nn u^y"a:-fi
f+
AGREEMENT TO SELL
THIS AGREEMENT IS MADE & EXECUTED AT DELHI ON THIS
3RD DAY oF JULY, 1996 BETWEEN Jaggi S/o Sh. Yad and Smt.
KhazaniWo Sh Jaggi both Rlo272, Vill. P.O. Badarpur, New Delhi
(hereinafter called the FIRST PARTY).
AND
M/s. Pearls Green Forests Ltd., Second Floor, Vaishali Building,
Paschim Vihar, New Delhi, through its Vice-President Sh. B.K.
Kalia, (hereinafter called the SECOND PARTY).
The expression FIRST PARTY & SECOND PARTY shall mean and
include the parties, their respective heirs, successors, legal
representatives, executors and assigns
Whereas the First Party is the owner of Plot Number 28, land
measuring 325 sq. Mtrs. Sector 10, situated at Dwarka, Pappan
Kalan Residential Scheme, New Delhi, with the lease hold rights of
the land under the said property, by virtue of perpetual lease deed
Regd. No.9190. Book No. 1, Vol. No.8458 on pages 127 to 132,
dt. 25.6.1996, in the office of sub-Registrar-ll, Delhi which is
bounded as under:-
East: - Plot No. 33
North:- Plot No. 29
West: -Road9mts.
South:- Plot no.27
24
4s
AND WHEREAS the first party in sound and disposing mind,
without undue influence, coercion or fraud, and for legal
requirements and necessities has/have agreed to sell and transfer
the above mentioned property unto the second party for a total sale
consideration of Rs. 11,00,000/- Rs. Eleven Lakh Only) and for

which the second party has/have also agreed to purchase the
same and the first party has received the entire sale consideration
from the second party through a separate legal receipt, the receipt
of which is hereby admitted and acknowledged by the first party.
NOW THIS AGREEIUENT WITNESSESTH AS UNDER
1. That the first party has/have delivered the actual physical
vacant possession of the above mentioned plot to the second
party on the spot.
2. That the second party shall realise all the rents profits of the
said plot from the date of execution of agreement and the
first party shall not demand any amount the second party or
his/her/their nominee/tenants after this date.
3. That the first party have got no claim, title and interests with
the said plot and the building to be constructed thereof and
the second party has/have become its sole and absolute

owner and is at liberty to utilise the same in any manner
25
+$
4. That the first party had not entered into any sort of
agreement with any body for the sale or transfer of the said
plot prior to the execution of this agreement and the first
party shall not create any charges on the said after this date.
5. That the first party hereby assures and declare that
he/she/they is/are the sole, absolute and exclusive
owner/sub-lessee of the above mentioned plot under sale
along with the lease hold rights of the land under the said plot
respectively and the same is free from all sorts of
encumbrances like sale, mortgage, gift, lien, decree, charges
etc. etc. and there is no legal defect in the title of the first
party, if it is proved, otherwise then the first party will be liable
to indemnify the second party to the extent of loss sustained
by the second party with costs and expenses etc.
6. The after the issue of sale permission from the office of the
lessor or any other authority and/or the competent authority
under the provisions of the Urban Land (Ceiling and
Regulations) Act, 1976 if necessary, the first party shall
execute proper sale transfer deed of the above said plot with
the lease hold rights of the land under the said plot in favour
of the second party or in favour of his/her/their nominee and
shall get the same registered in the office of the Sub-
Registrar concerned when required by the second party and
the first party shall be bound to provide the lncome Tax
26
+7
Clearance Certificate at the time of proper transfer of the said
plot, if necessary
7. That all the expenses of stamp papers, registration charges,
transfer fees, conversion charges of D.D.A. or any other
competent authority and any other charges to be levied
thereafter regarding the transfer of the said plot shall be paid
and borne by the second party
8. That all the dues, demands lease money, taxes, charges,
duties, liabilities and outgoing, charges etc. if any regarding
the said plot shall be paid and borne by the first party upto
the date of execution of this agreement to sell and thereafter
the same shall be paid and borne by the second party, which
whenever required by the D.D.A., M.C.D, or any other
competent authority concerned and in this respect the

second party shall deposit lease money, house tax or any
other charges relating the said property to be constructed
upon the said plot and the first party shall not be responsible
and liable for all the same.
9. That whenever and wherever the presentation of the first
party will be required from the completion of any acts, deeds
and things in support of this transfer in favour of the second
party or in his/her/their nominee(s) and the flrst party shall
execute, sign and present for the same
27
+8
10. That the second party will be entitled/authorised to construct
the building upon the said plot at his/her/their own cost and
consequences and in this respect he/she/they will apply and
get the completion certificate of the said property from the
D.D.A. after the completion of construction work of the said
property and now the second party has become the sole and
complete owner of the said property and he/she can enjoy
his/her full right in the manner he/she likes and he/she can
get mutated/ transferred the said property in his/her/their own
exclusive name with the DOtuMCD or any other authority
concerned and the first party have no, objection for that
11. That this agreement shall be irrevocable and binding upon all
the parties and their respective heirs and successors.
12. That in the first party violate and infringes the terms and
conditions laid down in this agreement then the second party
shall be entitled to get the said transaction completed

through the court is law under the suit for lndian specific
performance Act that the costs and consequences of the first
party
lN WITNESS WHEREOF, both the parties have signed this
agreement after understanding the contents of the same in

vernacular, which have been explained to each of them and
28
+q
admitted the same as true and correct on the day, month & year,
first above written, in the presence of the following witnesses:-
WITNESSES
1 FIRST PARTY
2 SECOND PARTY
v
<\\
Q_ue.ur\
29
So
fr""eXt4re,- A
lS
SPECIAL POWER OF ATTORNEY
KNOW ALL IV1EN BY THESE PRESENT THAT We, Jaggi S/o Sh
Yad and Smt. Khazani Wo Sh Jaggi both Rlo 272, Vill. P.O.
Badarpur, New Delhi, (hereinafter called the EXECUTANTS), do
hereby appoint, nominate and constitute Sh. B.K, Kalia Son of Late
Shri Ram Sarup, resident that 403, Lakeview Apartments, Paschim
Vihar, New Delhi, (hereinafter called the Special Attorney) as our
true and lawful General Attorney, to do all acts, deeds and things in
our name and on our behalf under his/her own signatures, as
deems fit and proper, in any manner, in respect Plot Number 28,
Residential Scheme, New Delhi, (hereinafter called the Property)
Whereas our above said Special Attorney is fully authorised
to sell/transfer the our above mentioned property to any person, to
execute the sale deed, admit its execution, transfer the possession,
receive the entlre sale consideration amount, and to present the
sale deed for registration, and get the same registered with the
Sub-Registrar, concerned. And also to obtain the necessary same
permissions NOCs from the DepartmenV Authority concerned for
getting the sale deed registered.
We hereby agree to ratify and confirm that acts, deeds and things
which done by our said' attorney shall be binding us.

SI
lN WITNESS WHEREOF, This Special Power of Attorney is made
at Delhi, on this 3'd day of July'l 996 in the presence of the
following witnesses:-
WITNESSES
1 EXECUTANTS
Ypov co?Y"
5
A
H
o
WILL
This Will is made and executed at Delhi, on 3.7.1996, by Shri Jaggi
S/o Sh. Yad R/o 272, Vil. P.O. Badarpur, New Delhi, hereinafter
called the Testator
Life is short but God knows when it may come to an end
Hence I with my free Will and without any pressure make this Will
with my sound and disposing mind
Whereas I am the owner and in possession of one half

undivided share of Plot Number 28, measuring 325 sq. Mtrs. Sector
'1
0, Dwarka, Pappan Kalan Residential Scheme, New Delhi, with
the lease hold rights of the land under the said property
I hereby bequeath that after my death my above said
property with the lease hold rights shall go and devolve upto M/s
Pearls Green Forests Ltd., Second Floor, Vaishali Building,
Paschim Vihar, New Delhi, through its Vice-President Sh. B.K.
Kalia, (hereinafter called the Executor) to the exclusion of all my
other legal heirs and successors
ln case any one raises any objection and challanges this Will,
the objection shall be treated as null and void.
lN WITNESS WHEREOF, I have signed this Will at Delhi, in
the presence of the following witnesses,
WITNESSES
'1. TESTATOR
2.
s3
WILL
This Will is made at Delhi on 3.7.96, by Smt. Khazani Jaggi
wife of Shri Jaggi Rlo 272, Vill. P.O. Badarpur, New Delhi,
hereinafter called the Testator.
Life is Short but God knows when it may come to an end,
hence I with my free will without any pressure make this will with
my sound and disposing mind.
That whereas I am the owner of One half undivided share
Plot Number 28, measuring 325 sq. Mtrs. Sector 10, situated at
Dwarka, Pappan Kalan Residential Scheme, New Delhi, with the
lease hold rights of the land under the said property
I hereby bequeath that after my death my said property with
the lease hold rights shall go and devolve upon M/s pearls Green
Forests Ltd. Second Floor, Vaishali Building, Paschim Vihar, New
De hi, Vise-President B.K. Kalia, to the exclusion of all my other
legal heirs and successors.
ln case any one raise any objection and challenges this will,
the objection shall be treated as null and void.
lN WITNESS WHEREOF, this will is made at Delhi, in the presence
of the following witnesses.
WITNESSES
1 TESTATOR
2
\i
-T R uE b?'t ,1
ftrtvreâru;- fi
RECEIPT
We, Jaggi S/o Sh. Yad Ram and Smt. KhazaniWo Sh. Jaggi both
Rlo 272, Vill, & P.O. Badarpur, New Delhi, received a sum of Rs.
1 1,00,000/- (Rs. Eleven Lakh Only) FROM M/s. Pearls Green
Forests Ltd., Second floor, Vaishali Building, Paschim Vihar, New
Delhi, through its Vice-President Sh. B.K.Kalia, in full and final
discharge and settlement against the sale of Plot No. 28, land
measuring 325 Sq.meters, Sector-10, situated at Dwarka, Pappan
Kalan Resdl. Scheme, New Delhi, prior to the execution of this
Receipt, the Executants dbth hereby acknowledge receipt of the
same, as per terms and conditions laid down in the agreement to
sell dt. 3.7.96, vide Pay order No. 86857, d|.2.7.96 issued by State
Bank of Jawala Heri, Paschim Vihar, New Delhi.
lN WITNESS WHEREOF, this Receipt is made & executed at
Delhi, on 3.7.96, in the presence of the following witnesses.
WITNESSES:-
1 EXECUTANTS
(^
Ru e C"Py"
9s
fFnruurorn/A
KNOW ALL MEN BY THESE PRESENT THAT I , Shri B.K, Kalia
Son of Late Shri Ram Sarup, resident that 403, Lakeview

Apartments, Paschim Vihar, New Delhi, (hereinafter called the
EXECUTANT) do hereby appoint, authorise, nominate constitute
and empower Shri Nirmal Singh Bhangoo S/o Late Shri Gurdayal
Singh, resident of A-8/1-A, DLF Phase-1 , Gurgaon, Haryana as my
true legal and lawful general attorney to do the following acts,
deeds and things in my behalf in respect of my Plot Number 28,
Residential Scheme, New Delhi, (hereinafter called the property),
which is bounded as under:-
NORTH Plot Number 29
EAST Plot Number 33
WEST Road 9 meters
SOUTH Plot Number 27
1 To supervise, manage, control and look after my said
property.
2 To appear and act in all the offices of the Delhi Development
Authority, Municipal Corporation of Delhi, Electricity,
Department, Water Supply and Sewage Disposal
undertaking, Delhi Admn., and all other concerned authorities
and allied local offices in respect of any matter regarding the
:)
5{
said property and to file/submit any applications, affidavits,
statements, documents, undertaking, indemnity Bond etc.
3. To apply and get sanctioned site plan for construction of

building on said property from the concerned authorities
4. To apply and get permission for extension of time for

construction on the said property from the concerned
authorities.
5. To apply and get the completion certificate after the

completion of construction works on the said property from
the concerned authorities.
6. To apply and get the electric, water, sewerage and power
connections in the sald property from the concerned

authorities and to file/submit all kinds of documents far the
said purpose under own signatures.
7. To let out the said property whole or any part, share, portion,
floor thereof to any person for any period, on any rent, on any
terms and conditions.
8. To receive the compensation amount or the alternative site
from the Government if the said property is acquired.
9. To appoint any further General and Special Attorney

regarding the said ProPertY.
(r
(-) t
'1
0. To appoint any Advocate/pleader ta proceed all sorts of
cases regarding the said property
11. To enter into an agreement for the sale of the said property
and sign the same in favour of the purchaser, to receive sale
price, advance money, part payment from the purchaser, to
issue proper receipt thereof.
12. To apply and get the necessary N.O.C./Sale Permission for
the sale of the said property from the concerned authorities.
13. To execute and sign proper sale deed, mortgage deed, gift
deed, lease deed, release deed, exchange or any
supplementary/ rectification deed(s) of the said property in
favour of any person, and submit the same in the office of the
concerned Sub-Registrar, Delhi and get the same regd
14. And Generally to do all acts, deeds and things which are not
mentioned in this General Power of Att6rney also but my/our
said General Attorney (s) may deemed fit and proper to
which may be required necessary to be dare by his/her/their
under his/her/their own signatures for the said ,purpose.
15. This General Power of Attorney shall be irrevocable
All acts, deeds and things lawfully done by my/our above

named Attorney shall always be treated as val.id and effective as if
5E
the same have been done by me/us personally and shall be
binding on me/us.
ln Witnesses Whereof lAlVe have signed this General Power of
Attorney at New Delhi, In the presence of the following witnesses
on this 1210311997.
Witnesses:
1.
Sign
Name
S/o
R/o
EXECUTANT
I
UE U PYl
5q
fl"n,ne"u ru-Al3
KNOW ALL MEN BY THESE PRESENT THAT I , Shri B.K, Kalia
Son of Late Shri Ram Sarup, resident that 403, Lakeview
and empower Shri Nirmal Singh Bhangoo S/o Late Shri Gurdayal
Singh, resident of A-8/1-A, DLF Phase-1 , Gurgaon, Haryana as my
true legal and lawful general attorney to do the following acts,
deeds and things in my behalf in respect of my Plot Number 28,
2. To Sell my said property to any purchaser, to enter into an
agreement to Sell, to receive sale consideration, to issue receipt for
the same, to execute proper legal sale deed and the same
registered in the office of concerned Sub-Registrar, and to sign an
affidaviVdeclaration that may be required for registration of the Sale
Deed
ln Witnesses whereof l, have signed this S.P.A. at New Delhi in the
presence of the following witnesses on this 12.03.1997
Witnesses
2
EXECUTANT
(8.K. KALrA)
(o
nUvre.- fr
lt t)
AGREEMENT TO SELL
This agreement is made and executed at New Delhi on this
12.03.1997, by and between:
ltrl/s Pearls Green Forests Ltd., Second Floor, Vaishali Building,
Paschim Vihar, New Delhi, through its Vice-President Shri B.K.
Kalia son of Late Shri Ram Sarup, resident of 403, Lakeview
Apartments, Paschim Vihar, New Delhi, (hereinafter called the First
Party) and Shri Nirmal Singh Bhangoo S/o Late Shri Gurdayal
Singh, resident of A-8/'1-A, DLF Phase-1 , Gurgaon, Haryana,
(hereinafter called the Second Party).
The expression of the both the parties shall mean and include their
respective legal heirs, successors, executors, administrators
representatives and legal assigns.
WHEREAS the First Party is the true and laMul owner of Plot
Number 28, measuring 325 sq. Mtrs. Sector '10, Dwarka, Papan
Kalan Residential Scheme, New Delhi, (hereinafter called the
property) which is bounded as under:-
EAST Plot Number 33
WEST : Roadgmeters
SOUTH : Plot Number 27
And whereas the first party has agreed to sell the above mentioned
property to the second party and the second party has also agreed
6t
to purchase the said property on the following terms and conditions
of this agreement to sell and purchase:-
1. That the total sale consideration of the said property has
been fixed by the between the both parties at a sum of Rs.
15,00,000/- (Rupees fifteen lacs only) and first party has
received full and final sale consideration of the said property
from the second party vide a separate receipt.
2. That the First party has delivered vacant physical possession
of the said property with complete ownership to the second
party, and the second party has occupied the said property
3. That the fist party has handed over all original documents &
papers relating to the said property to the second party.
4. That the second party shall be fully competent to enter into
further agreement with anyone for sale of the said property &
to receive earnest money/part payment or full sale
consideration from intending purchaser.
5. That the First Party assures the Second Party that the above
said property subject matter of this Agreement is free from all
sorts of encumbrances such as prior sale, gift, lien, court
order, attachments, decree, acquisition and requisitions and
if proved otherwise the first party will make good the loss
r'c\
11o<
suffered by the Second party from its movable and

immovable properties.
6. That all the previous dues and taxes i.e. House Tax, water
and electricity bills etc. or like upto the date of this Agreement
shall be paid by the first party & thereafter by the Second
Party to all the concerned authorities.
7. That this Agreement shall be irrevocable and conclusive and
the first party will not create any charge or lien on the said
property after the execution of this Agreement.
8. That all expenses on this Agreement like stamp duty,
execution and registration charges shall be paid by the
Second Party
9 That in case the first party infringes or violates any of the
terms and conditions of this Agreement or back out from the
contract hereunder recorded, the second party shall be fully
entitled to get the contract enforced by suit of specific
performance act through the law courts of competent
jurisdiction at Delhi, at the costs & expenses of the first party.
lN WITNESSES WHEREOF, the first party and the second party
above named have signed and executed this Agreement after
reading and understanding its contents with sound mind and

/1 0
b>
without any influence of anybody else on them at Delhi, in the
presence of marginally noted witnesses.
Witnesses
1 FIRST PARTY
2. SECOND PARTY
Y.
Ue 6^PY "
6+
A"r Y1.e^t KrA lU
INDEMNITY BOND
This indemnity Bond is made and executed at New Delhi on this
12.03.1997, by and between:
M/s Pearls Green Forests Ltd., Second Floor, Vaishali Building,
Executant)
AND
Shri Nirmal Singh Bhangoo S/o Late Shri Gurdayal Singh, resident
of A-8/1-A, DLF Phase-1, Gurgaon, Haryana, (hereinafter called
the Purchaser)
respective legal heirs, successors, executors, administrators,
WHEREAS the Executant is the true and lawful owner of Plot
Number 28, measuring 325 sq. Mtrs. Sector 10, Dwarka, Pappan
Kalan Residential Scheme, New Delhi, (hereinafter called the

property)
And Whereas the first party due to his/her/their legal needs and
requirements has agreed to sell, transfer and convey his/her/their
rights liens and titles in the said Property unto the second party
Linder the terms and conditions of the agreemenl on 1210311997.

6s
And Whereas the second Party has agreed to purchase, acquired
and possess the same from the first party on the conditions that the
first party undertakes to indemnify and keep harmless the second
party of the losses which may be suffered, incurred, undergone and
or sustained by the second pa(y due to any acts, deeds and things
done or by the first party in respect of the said property without the
written consent of second party or if the title of the property is found
to be defective one.
And whereas the first party has consented thereto without any
conditions of reservations.
NOW THIS DEED WITNESSES AS UNDER:-
That the first party hereby undertakes to indemnify and keep
harmless the second party of the losses, which may be suffered
incurred, undergone and or sustained by the second party due to
any acts, deeds or things done by the first party in respect of the
said property without the written consent or the second party or if
the title of the property is found to be defective one.
That the first party hereby further confirms and declares that this
deed is irrevocable and shall be final and binding on him/her/them,
and on his/her/their heirs, and assigns, unless and untll it is
repugnant to the context or meaning thereof.
ln witness whereof, l/we have put my/our hands on these presents
at New Delhi, in the presence of the following witnesses.

,,6d@) ?avt-I-- L
AIUVd CNOC]S Z
l.NVt-nC3Xf / 1UVd rSUH

o/u
o/s
eu.reN
u6!s
'l
Sf SS]N.LIAA
qq
6V
ftrrrex,r n-Alt>
WILL
This Will is made and executed at New Delhi on this 12.03.1997,
by Shri B.K, Kalia son of Late Shri Ram Sarup, resident that 403,
Lakeview Apartments, Paschim Vihar, New Delhi, Vice chairman of
Paschim Vihar, New Delhi, (hereinafter called the Testator) in
favour of Shri Nirmal Singh Bhangoo S/o Late Shri Gurdayal Singh,
resident of A-8/1-A, DLF Phase-1 , Gurgaon, Haryana, (hereinafter
called the Legatee).
Whereas the Testator is the true and lawful owner of Plot Number
28, measuring 325 sq. Mtrs. Sector 10, Dwarka, Pappan Kalan
NORTH : Plot Number 29
EAST Plot Number 33
WEST Road 9 meters
SOUTH : Plot Number 27
I willingly make this Will that after my death the said property, shall
become the property of the aforesaid legatee, who will be absolute
owner of the said property and shall get the same mutated,
substituted and transferred in own name, in the record of MCD,
Electricity Department, or any concerned authority, on the basis of
this WILL or its certified true copy

$a
ln case of the said legatee dies earlier than me, then the aforesaid
property shall gonad devolve upon legatee's legal helrs and
su ccesso rs.
My legal heirs, successors or nay other else shall have no right,
title or interest of any nature whatsoever in the aforesaid property,

\
and any objection, if raised regarding this WILL by them, shall be
deemed as null and void
I declare that this is my last and final WILL in respect of the
aforesaid property.
And I further declare that I have made this WILL voluntarily, without
any outside pressure, coercion of any nature whatsoever, while in
presence of my sound health and disposing mind
ln witnesses whereof I have signed this WILL at New Delhi, in the
presence of the following witnesses.
WITNESSES
1 TESTATOR
-l-Rue, C o?'/"
69
A" S
^<xutu,a f
AFFIDAVIT
Paschim Vihar, New Delhi, through its Vice-President Shri B.K
Apartments, Paschim Vihar, New Delhi, do hereby solemnly affirm
and declare as under:-
1. That I have sold my Plot Number 28, measuring 325, sq.
mtrs. Sector 10, Dwarka, Pappan Kalan Residential Scheme,
New Delhi, (hereinafter called the Property) to Shri Nirmal
Singh Bhangoo Sio Late Shri Gurdayal Singh, resident of A-
8/1-A, DLF Phase-1, Gurgaon, Haryana, (hereinafter called
the Purchaser), vide agreement to sell dated 12.03.1997
2. That I have also executed a WILL in favour of the said
purchaser, on dated 12.03.1997
3. That I have received full and final sale consideration vide
separate Receipt dated 12.03.1997, and have handed over
vacant physical possession of the said property to the said
purchaser and I will not claim back the possession and also
will not demand any more amount from the said purchaser.
DEPONENT
VERIFICATION
To
Verified at New Delhi, on 12.03.1997 that the above contents are
true and correct to the best of my knowledge and belief and nothing
has been concealed therein.
DEPONENT
\-aoe.caPY/
x4
tu ne..urr.'- Af 1 4
POSSESSION LETTER
l, tvl/s Pearls Green Forests Ltd., Second Floor, Vaishali Building,
Apartments, Paschim Vihar, New Delhi, have handed over the
actual vacant, physical possession of my Plot Number 28,

with all original documents relating to the said property to Shri
Nirmal Singh Bhangoo S/o Late Shri Gurdayal Singh, resident of A-
8/1-A, DLF Phase-1 , Gurgaon, Haryana on dated '12.03.1997.
Possession handed over by Possession Handed over by
WITNESSES:
-1-R ue cDpy,,
h ryqY. i4 )s
RECEIPT
l, M/s Pearls Green Forests Ltd., Second Floor, Vaishali Building,

Executant) have already received a sum of Rs. 'l 5,00,000/-

(Rupees Fifteen Lacs Only) From Shri Nirmal Singh Bhangoo S/o
Late Shri Gurdayal Singh, resident of A-8/1-A, DLF Phase-1,
Gurgaon, Haryana, as the full and final sale consideration of my
Plot Number 28, measuring 325 sq. Mtrs. Sector 10, Dwarka,
Pappan Kalan Residential Scheme, New Delhi, as per terms and
conditions of agreement to sell on dated 12.03.1997.
Hence, this receipt is made and executed at New Delhi on this
12.03.1997, in the presence of the following witnesses:-
WITNESSES:
1 EXECUTANT
2.
(,.1
-TRt:e co ly',
I:
A, yi e-X\rc',- nf I O
AGREEMENT TO SELL
This Agreement to Sell is made on this 27nd day of September
2001 al New Delhi
BETWEEN
M/s PGF Limited, A Public Limited company, incorporated under
Companies Act, 1956, having its Registered office at S.C.O. 1042-
43, Sector 22-8, Chandigarh Centre, Paschim Vihar, New Delhi-
110063, (hereinafter called to as the First party) represented by Mr.
Anand Kumar (Dy. Manager l&P) duly authorised by Board of
Directors vide its Resolution dated 14.8.2001.
AND
I\I/s PACL lndia Ltd. a Public Limited company incorporated under
Companies Act, 1956, having its Regd. Officer 22,3'd Floor, Amber
Tower, Sanasar Chand Road, Jaipur-3020)4 and Corporate office
at B-1/5, Paschim Vihar, New Delhl-1 10063, (hereinafter called as
the Second Party) represented by Mr. Manoj Kumar Manager (l&P)
duly authorised by Board of Directors, vide its Resolution dated
10.9.2001.
The expressions, First Party and Second Party, wherever they
occur in the body of this Agreement, shall mean and include the
Company's representative(s) successo(s), in office, executor(s),
attorney(s), assignee(s) and alike.

)Lr
WHEREAS the First Party is the lawful owner and in possession
and enjoyment of property situated at Plot No.28, Sector 10,
Dwarka, Pappankala, Delhi, admeasuring 325 sq. mtrs.
WHEREAS First Party, has purchased /acquired interest &
possession in the said property from Mr. Jaggi & Smt. Khazani
Devi vide agreement to sell dated 03.07.1996
AND WHEREAS First Party has agreed to sell said property with all
right, title, interest, appurtenance, easements and advantages of
whatsoever nature to the said property and Second Party has
agreed to purchase said Property for a total sale consideration of
Rs. 15,00,000/-
AND WHEREAS both the parties to avoid future complications,
have decided to reduce in writing the terms and conditions agreed
to between them being those present in the following manner:
NOW THIS AGREEMENT TO SELL WITNESSETH AS
FOLLOWS:-
1. This the total sale consideration for the said property is Rs.
15,00,000/- (fifteen lacs only)
2. That the Second Party has paid to First Party a sum of Rs
15,00,000/- by way of cheques (details are enclosed herewith
marked Annex.l), as advance sale consideration, the receipt
of which the First Party hereby acknowledges.

1e
.15
3. That First Party has valid right, absolute power and authority
to sell, transfer, convey and assign and alienate the said
property in whole or part thereof.
4. That the Transfer permission from any authority shall be
.\t obtained by the second party at there expenses.
5. That first party shall execute Transfer deed/sale deed in
favour of Second Party the balance amount of Rs. 50,0001
shall be accordingly paid by the Second Party to the First
Party at the time of execution of Transfer deed/Sale deed.
6. That the first party has agreed to deliver the complete vacant,
peaceful, laMul, unencumbered, and absolute possession of
said property to the Second party at the time of execution of
this agreement to sell i.e. on 22.9.2001 .
7. That the documents of title under which said Property is held
by the First Party are fully valid and are enforceable and are
in no way forfeited, surrendered or rendered void or voidable.
8. First party hereby declares that said property is free from all
kinds of encumbrances, charges, claims, tenancy rights,
litigations, disputes, court attachment order (whatsoever may
be), and the same is not subject to indemnity or offered as
collateral security, concomitantly said property is also not
subject to acquisition proceedings by Government. However,

?<
any defect/anomaly to this effect if noticed later on and is
brought to the notice of First Party, the First Pa(y undertakes
to indemnify Second Party from and againsUarising out of

such loss/losses, damage/damages, cost, expenses (as the
case may be) that may be caused to Second Party.
I That First Party shall do or cause to be done all such lawful
acts and things whatsoever required for conveying the said
property in favour of Second Party.
IN WITNESS WHEREOF, THE PARTIES MENTIONED ABOVE
DO HEREBY SET AND SUBSCRIBE THEIR RESPECTIVE

HAND(S) OF THErR FREE WrLL AND VOLTTTON OF THE DAY
AND DATE MENTIONED ABOVE IN PRESENCE OF THE
FOLLOWING WITNESSES.
WITNESSES
1 FIRST PARTY
2. SECOND PARTY
?q
ANNEXURE -1
Details of the payment made by Second Party and received by
First Party
Date Cheque no. Drawn on Amount(Rs.)
12 09 2001 307912 State Bank of Patiala 1.50.000.00
I
Paschim Vihar
13.09.2001 307914 State Bank of Patiala 13,50,000.00
Paschim Vihar
h
uE G Py,,
w
A*n "rr*'rfif 17
DEED OF AGREEMENT A SUM OF RS. 71,OO,OOO/-
Stamp duty @3.0% Rs.2,13,0001
Corporation Tax @ 3.0% Rs. 2,13,0001-
Total Duty @ 6.0% Rs. 4 26,0001
INFORMATION & CALCULATION IN CASE OF PLOT
Name of Colony Dwarka, Pappan Kalan
Category of Colony D
Type of Property PIot
lVlinimum rate of Land
Notified By Govt. (in Sq. Mtrs): Rs. 21,8001
1 (a) Total Covered Area with

Open land (Sq. mtrs)
i.e. Total Area of Plot 325.54 Sq. Mtrs
(b) Plinth Area in Sq Mtrs. Not Applicable
2. (a) Number of Floor Not Applicable
(b) Lift Provided or Not Not Applicable
3.(a) Type of Construction Not Applicable
(b) Structure type factor (STF) : Not Applicable
4. Year of Construction age Not Applicable

Factor
5. Type of Colony DDA Colony
6. (a) Status of building Residential
(b) Use Factor 1
7. Location/Land Mark Opposite Venkteshwar

lnternational School Sector-1 0,
Dwarka
w
CALCULATION OF STAMP DUTY AS PER CIRCLE RATE
COMPUTATION
SR. NO COMPONENT VALUE

1.
Minimum cost of land=

Minimum value of land
X area X Use Factor RS.21,900 X325.54X1
RS. 70, 96,7721-
2.
Minimum Value (1) RS.70,96,772l-
sAY RS. 71,00,000/-
3.
STAMP DUTY @ 6% OF SR.

NO.2 RS. 4,26,000/-
This agreement is made and executed at New Delhi on this

19.6.2008, by and between:-
Shri Nirmal Singh Bhangoo Son of Late Shri Gurdayal Singh,
Resident of A-871-4, DLF Pgase-1 , Gurgaon, Haryana,

(hereinafter called by First Party).
AND
Shri Mukesh Goel son of Shri J.P. Goel, resident of DA-2F, Hari
Nagar, New Delhi-110064, (hereinafter called the Second Party)
representative and legal assigns.

O
WHEREAS the First Party is the true and laMul owner and in
possession of Plot Number 28, measuring 325.54 square meters,
Sector 10, Dwarka, Pappan Kalan Residential Schema, New Delhi,
having purchased from M/s. Pearls Green Forests Ltd., Second
Floor, Vaishali Building, Paschim Vihar, through its Vice-Chairman
Shri B.K. Kalia son, of Late Shri Ram Sarup, vide Agreement to
Sellduly attested by Notary Public, Delhi, on 12.03.'1997.
And Whereas M/s. Pearls Green Forests Ltd., Second Floor,
Vaishali Building, Paschim Vihar, through its Vice-Chairman Shri
B.K. Kalia son of Late Shri Ram Sarup also purchased the said
property from (1) Shri Jaggi son of ShdYad Ram and (2) Shrimati
Khazani wife of Shri Jaggi vide Agreement to Sell duly attested by
Notary Public, Delhi on 03.07 1996.
And Whereas the said property allotted by Delhi Development
Authority to (1)Shri Jaggi son of Shri Yad Ram and (2) Shrimati
Khazani wife of Shri Jaggi, vide File Number F-27(56)92ILAB(R)
and also executed a Perpetual lease Deed duly registered as
Document No.9190, in Additional Book No. l, Volume.No.8458, on
Pages 127 to'132, on dated 25.06.1996, in the office of Sub-
registrar, Janak Purl, New Delhi-1 10058, and the four sides of the
said property are bounded as under:-

EAST Plot Number 33
WEST Road 9 meters
t')
8t
And Whereas the first party with his sound and disposing mind and
without undue influence, coercion of fraud and for his legal
requirements and necessities has agreed to Sell and transfer the
above mentioned property i.e. Plot Number 28, measuring 325.54
square meters, Sector-10, Dwarka, Pappan Kalan Residential
Scheme, New Delhi, (hereinafter called the Property), unto the
second party for a total sale consideration of Rs.71,00,000/-
(Rupees Seventy One, Lacs Only) and the second party also has
agreed to purchase the same, at the above said sale consideration
NOW THIS AGREEMENT WITNESSETH AS HEREUNDER:-
1 That the first party has received the full and final sale
consideration i.e. a sum of Rs.71,00,000/- (Rupees Seventy
One Lacs Only) from the second party against the sale of the
',- above said property, the receipt of which is hereby admitted
and acknowledged by the first party, before the Sub-
Registrar, New Delhi, and the details of payment is given
hereunder:-
a) Rs. 9,00,000/- vide Cheque Number 898175, dated
13.06.2008, drawn on State Bank of lndia, Janak Puri,
New Delhi-110058.
b) Rs. 9,00,000/- vide Cheque Number 898176, dated
New Delhi-110058.
Ea
c) Rs. 9,00,000/- vide Cheque Number 898177, dated
New Delhi-'110058.
d) Rs. 9,00,000/- vide Cheque Number 898178, dated
New Delhi-1 10058.
e) Rs. 9,00,0001 vide Cheque Number 898179, dated
New Delhi-1 10058.
f) Rs. 9,00,000/- vide Cheque Number 898180, dated
New Delhi-110058.
S) Rs. 9,00,000/- vide Cheque Number 898181, dated
New Delhi-110058.
h) Rs. 9,00,000/- vide Cheque Number 898182, dated
New Delhi-1 10058.
2. That in consideration of the above mentioned amount the first
party do hereby sells, transfers, conveys, and assigns the
above mentioned property and all rights, titles and interests,
into the second PartY.

E:
3. That the first party has handed over the actual, peaceful,
vacant physical possession of the above said property to the
second party at the time of execution of this Agreement to
Sale
4. That the flrst party has also handed over all the previous
deeds, documents and papers relating to the said property to
the second party, at the time of execution of this Agreement
to Sale
5. That the first party has assured to the second party that the
said property is free from all sorts of encumbrances such as
prior Mortgage, Sale, Gift, Decree, Litigation, Acquirement,
Notification for acquirement etc. etc. and there is no defect in
the title of the first party and if proved otherwise, the first
party shall be liable to indemnify in full to the extent of the
loss thus sustained the second party.
6. That after execution of this agreement, the first party is left
with no claim, right, title or interest etc. in the above said
property and the second party is at liberty to use and utilize,
to give on rent, to construct, to renovate, to rebuild and/or to
Sell/Transfer the same to anyone, in any manner. The
second party may get the said property mutated either in his
own name (s) or in the name (s) of his Nominee (s) in the
9+
records of all concerned Authority(ies)/Department(s) even
without the presence of the First Party.
7. That the first party has neither entered into any sort of
Agreement with anybody else for the sale and/or transfer of
the said property nor the first party shall create any charge
on the said property after the execution of this Agreement to
Sale
8. That after execution of this Agreement to Sale the second
party shall realise all the rents and profits of the said property
and the first party shall not demand any amount from the
second party and/or its Nominee (s), Tenant(s), Occupier(s)
etc. after this date.
o That as and when the permissible first party either self or
through his attorney(s) or further Attorney(s) shall execute a
proper Transfer/Sale Deed(s) of the above said property
either in the name(s) of the second party or in the name(s) of
his Nominee (s) after obtaining the sale permission from the
office of the Lessor/concerned authority and will get the same
registered with the office of the Sub-Registrar/Registrar
concerned or will get the above said property transferred
from the office of the Lessor either in favour of the second
party and/or his nominee(s). However, all the expenses and
charges for stamp duty, sale, permission, transfer, charges,

ES
execution and registration of sale/transfer deed will be paid
and borne by the second party.
10. That whenever and wherever presentation of the first party
will be required for the completion of any Act, Deed and/or
thing regarding the transfer of the said property in favour of
the second party or its Nominee(s), the first party shall

present at the required place and will do all acts, deeds and
things required for the purpose.
11. That the prior dues, demands, taxes, arrears etc. if any shall
be paid for and borne by the first party upto the date of
execution of this Agreement and in future all such charges
will be paid by the second party, and the first party is
responsible for the conversion of the same, Any personal
visits if required for conversion, first party will have no
objection in accompany with the second party to the Delhi
Development Authority/Sub-Registrar Office. All expenditures
regarding free hold will be borne by the second party.
12. That in case the first party violates the terms and conditions
of this Agreement, the second party shall be fully entitled,
empowered to get the transaction enforced through the Court
of Law under Specific Performance Act at the risk, cost and
expenses of the first partY.

r6
lN WITNESS WHEREOF, both the parties have set their hands to
this Agreement on the day, month and year first hereinabove

written in the presence of the following witnesses, who have also
signed in the presence of the parties.
WITNESSES:
1 FIRST PARTY
2. SECOND PARTY
'Y^-
*-TRve GPY'
8+
n<xLve-.Af lB
WITH DEED OF SALE AGREEMENT
KNOW ALL MEN BY THESE PRESENT THAT I , Shri Nirmal

Singh Bhangoo S/o Late Shri Gurdyal Singh, resident of A-8/1-A,
DLF Phase-1, Gurgaon, Haryana, (hereinafter called the
and empower Shri Mukesh Goel son of Shri J.P. Goel, resident of
DA-2F, Hari Nagar, New Dlehi-110064, as my true, legal and laMul
general attorney to do the following acts, deeds and things in my
behalf in respect of my Plot Number 28, measuring 325.54 sq
Mtrs. Sector 10, Dwarka, Pappan Kalan Residential Scheme, New
Delhi, (hereinafter called the property), which is bounded as under:-
EAST Plot Number 33
WEST Road 9 meters
1 To supervise, manage, control and look after my said
property.
2 To appear and act in all the offices of the Delhi Development
Authority, Municipal Corporation of Delhi, Electricity,
undertaking, Delhi Admn, and all other concerned authorities

7s
3. To apply and get sanctioned site plan for construction of

building on said property from the concerned authorities.
4. To apply and get permission for extension of time for

construction on the said property from the concerned
authorities.
5. To apply and get the completion certificate after the
completion of construction works on the said property from
the concerned authorities.
connections in the said property from the concerned

authorities and to file/submit all kinds of documents far the
said purpose under own signatures.
7. To apply and get the refund of my amount if paid in excess
from the concerned authorities under own signatures
regarding the said property
5 To apply and get said property converted into free hold as
and when permissible by the concerned authorities and also
to file/ submit all kinds of documents for the said purpose and
to deposit any amount as and when directed by the Delhi

8e
Development Authority /Lessor /President of lndia and/or
terms and conditions
10. To receive and recover all the arrears of rent and other
benefits of the said property from the tenant, to issue proper
receipt thereof.
11. To file suits for the recovery of arrears of rent and also for the
eviction of the tenant from the said property in proper court of
law against the tenant
from the Government if the said property is acquired,
regarding the said property.

cases regarding the said propertY
issue proper receiPt thereof.

alo
16 To apply and get the lncome Tax Clearance Certificate for
the sale of the said property from the concerned
authorities/lncome Tax Department under own signature
17. To pay all taxes, dues, charges of the said property to all the
'l 8. To apply and get the necessary N.O.C./Sale Permission for
the sale of the said property from the concerned authorities
favour' of any person, Bank, Firm, Company, Authority,

Ministry to submit the same in the office of the concerned
Sub-Registrar, Delhi, to admit the execution thereof to
receive sale price, balance sale amount of the said property
from the purchaser, to issue receipt thereof and to do all such
other works which may be required necessary for the said
purpose under own sign, to get the said property

mutated/transferred in the name (s) of the Vendee (s) and/or
Donee (s) and/or ,Transferee (s) in all the Government
Revenue Records.
mentioned in this General Power of Att6rney also but my/our

1t
under his/her/their own signatures for the said purpose.
21 . This General Power of Attorney shall be irrevocable.
All acts, deeds and thlngs lawfully done by my/our above

named Attorney shall always be treated as val.id and effective as if
the same have been done by me/us personally and shall be
binding on me/us.
ln Witnesses Whereof lA/Ve have signed this General Power of
Attorney at New Delhi, in the presence of the following witnesses
on this 19/06/08.
Witnesses:
1.
Sign
Name
S/o
R/o
EXECUTANT
U€ O P'/'
A
c'rl)n e-xqve r
KNOW ALL MEN BY THESE PRESENT THAT I Shri Nirmal

Singh Bhangoo S/o Late Shri Gurdayal Singh, resident of A-8/1-A,
DLF Phase-1, Gurgaon, Haryana, (hereinafter called the
Executant) do hereby appoint, authorise, empower and nominate
Shri Mukesh Goel son of Shri J.P. Goel, resident of DA-2F, Hari
Nagar, New Delhi-1 10064, as my true, lawful, legal special attorney
to do the following acts, deeds and things in my name and on my
behalf in respect of Plot Number 28, measuring 325.54 sq. Mtrs.
Sector 10, Dwarka, Pappan Kalan Residential Scheme, New Delhi,
(hereinafter called the property),
2. To Sell my said property to any purchaser, to enter into an
agreement to Sell, to receive sale consideration, to issue receipt for
the same, to execute proper legal sale deed and the same
registered in the office of concerned Sub-Registrar, and to sign and
affidaviUdeclaration that may be required for registration of the Sale
Deed
ln Witnesses whereof l, have signed this S.P.A. at New Delhi in the
presence of the following witnesses on this 19th June 2008.
Witnesses
2.
Executant
T*De G ?),
%
next\r€.: A L (,
WILL
This Will is made and executed at New Delhi on this 19.06.2008,
by Shri Nirmal Singh Bhangoo S/o Late Shri Gurdayal Singh,

resident of A-8/1-A, DLF Phase-1, Gurgaon, Haryana, (hereinafter
called the Testator) in favour of Shri Mukesh Goel son of Shri J.P
Goel, resident of DA-2F , Hari Nagar, New Delhi-1 10064,

(hereinafter called the Legatee)
Whereas the Testator is the true and laMul owner of Plot Number
28, measuring 325.54 sq. Mtrs. Sector 10, Dwarka, Papan Kalan
EAST Plot Number 33
WEST Road 9 meters
I willingly make this Will that after my death the said property, shall
become the property of the aforesaid legatee, who will be absolute
Electricity Department, or any concerned authority, on the basis of
this WILL or its certified true copy

qr
property shall gonad devolve upon legatee's legal heirs and
successo rs.
My legal heirs, successors or nay other else shall have no right,
title or interest of any nature whatsoever in the aforesaid property,
and any objection, if raised regarding this WILL by them, shall be
deemed as null and void.
aforesaid property.
And I further declare that I have made this WILL voluntarily, without
any outside pressure, coercion of any nature whatsoever, while in
presence of my sound health and disposing mind.
lN WITNESSES WHEREOF I have signed this WILL at New Delhi,
in the presence of the following witnesses.
WITNESSES
1 TESTATOR
2. (LEGATEE)
II
-l-Rbe Co lv ,,
(-
\(xqrc.- A Ll
AFFIDAVIT
l, Shri Nirmal Singh Bhangoo S/o Late Shri Gurdayal Singh,

resident of A-8/1 -A, DLF Phase-1, Gurgaon, Haryana, do hereby
solemnly affirm and declare as under
\< 1 That I have sold my Plot Number 28, measuring 325.54 sq.
Mtrs. Sector 10, Dwarka, Pappan Kalan Residential Scheme,
New Delhi, (hereinafter called the property) Shri Mukesh
Goel son of Shri J.P. Goel, resident of DA-2F, Hari Nagar,
New Delhi-1 10064, (hereinafter called the Purchaser), vide
agreement to sell registered in the office of Sub-Registrar,
Delhi, on dated 19th June, 2008.
2. That I have also executed a General Power of Attorney in
favour of the said purchaser, and General Power of Attorney
registered in the office on Sub-Registrar, New Delhi, on
dated 19th June, 2008.
3. That I have executed a WILL in favour of said our chaser, on
4. That I have received full and final sale consideration vide
separate Receipt dated and have handed oven
vacant physical possession of the said property to the said
purchaser and I will not claim back the possession and also
will not demand any more amount from the said purchaser.
qL
DEPONENT
VERIFICATION
Verified at New Delhi, that the above contents are true and correct
to the best of my knowledge and belief and nothing has been
t concealed therein.
DEPONENT
DATED
"-1-Rue G?y',
qT
Snnexrrc-d LL
POSSESSION LETTER

resident of A-8/1-A, DLF Phase-1 , Gurgaon, Haryana, have
handed over the actual vacant, physical possession of my Plot
Number 28, measuring 325.54 sq. Mtrs. Sector 10, Dwarka,
Pappan Kalan Residential Scheme, New Delhi, (hereinafter called
the property) with all original document relating to the said property
to Shri Mukesh son of Shri J.P. Goel, resident of DA-2F, Hari

Nagar, New Delhi-110064, on dated 19th June,2008.
Possession Taken over by Possession handed over by
WITNESSES:
-feo6 Co py
Qa
$n, ,xrnrifrf z3
RECEIPT

resident of A-8/1-A, DLF Phase-1 , Gurgaon, Haryana, (hereinafter
called the Executant) have received a sum of Rs. 71,00,000/- (Rs
Seventy One Lacs Only), From Shri Mukesh son of Shri J.P. Goel,
resident of DA-2F, Hari Nagar, New Delhi-110064, as the full and
final sale consideration of my Plot Number 28, measuring 325.54
sq. Mtrs. Sector 10, Dwarka, Pappan Kalan Residential Scheme,
New Delhi, as per terms and conditions of Agreement to Sell and
Purchase Deed on dated 19.06.08, and the details of payment
given below:-
a) Rs. 9,00,0001 vide Cheque Number 898175, dated
New Delhi-110058
b) Rs. 9,00,000/- vide Cheque Number 898176, dated
New Delhi-1 10058
c) Rs. 9,00,000/- vide Cheque Number 898177, dated
New Delhi-1 10058.
d) Rs. 9,00,000/- vide Cheque Number 898178, dated
New Delhi-1 10058.

ol?
e) Rs. 9,00,000/- vide Cheque Number 898179, dated
New Delhi-110058.
f) Rs. 9,00,000/- vide Cheque Number 898180, dated
New Delhi-1 10058.
S) Rs. 9,00,000/- vide Cheque Number 898181, dated
New Delhi-110058.
h) Rs. 9,00,000/- vide Cheque Number 898182, dated
New Delhi-1 10058
Hence, this receipt is made and executed at New Delhi on this 19th
June 2008 in the presence of the following witnesses:-
WITNESSES:
1 EXECUTANT
":-po e c, Pv "
I AD
A*n eYVre, Alrf

CONVEYANCE DEED
PLOTS ATTORNEY
This conveyance made on this 26rh March, 2009 between
hereinafter called "The Vendor" (which expression shall unless
excluded by or repugnant to the context be deemed to include his
successors in office and assigns) of the one part and Sh. Jaggi Son
of Yad Ram & Smt. Khazani Jaggi R/o 272,V&PO Badarpur, New
Delhi, through his/her Attorney Sh. Mukesh Goel son of Shri J.P
Goel, resident of DA-2F, Hari Nagar, New Delhi-110064,

hereinafter called the "Purchaser" (Which expression shall unless
excluded by or repugnant to the context be deemed to include his
successors in office and assigns) of the third part.
WHEREAS by a Lease daled 24th day of June 1996 made between
the above "Vendor" described therein as 'Lessor' of the one part
and above lessee descrlbed therein as 'lessee' of the other part
and registered on 25.6.96.
\*aRb
e CaPy "
0I
!pnêxu'": l\fLS
SALE DEED
This Sale Deed is made and executed at New Delhi, on this 9th day of
September, 2009, by and between :-
Shri [Vlukesh Goel, son of Shri J.P. Goel, resident of DA-2F, LIG
Flats, Hari Nagar, New Delhi-110 064, (hereinafter called the Vendor)
IN FAVOUR OF
AGtt/ Super Estates (P) Ltd. having its office at GH-9/5, Paschim
Vihar, New Delhi-1 10 087, through its Director Shri Gulshan Kumar
Mehta, son of Late H.L. Mehta, resident of 5/1 91, Ground Floor,
Sunder Vihar, New Delhi-1 10 087, (hereinafter called the Vendee)
Whereas the Vendor is the true, lawful owner and in possession of
Entire Free hold Built up property No. 28, measuring 325.54 sq. Mtrs.,
Sector-1 0, situated at Dwarka residential scheme, Dwarka, New
De hi, by virtue of Free hold Conveyance Deed registered AS
document No.4562, in Addl. Book No.1, Volume No.3333, on pages
41 to 43, on 26.3.2009, in the office of Sub-Registrar-Vll, l.N.A., Vikas
Sadan, New Delhi-1 10 023, and the four side which is bounded as
under :-
North : Plot No.29
East : Plot No.33
West: Road 9 mtrs.
South : Plot No.27

Jo)
And whereas the Vendor has agreed to sell the Entire Free hold built
up Property No.28, measuring 325.54 Sq. Mtrs., Sector-10, situated
at Dwarka Residential Scheme, Dwarka, New De lhi, (hereinafter
called the Property), to the Vendee, and the Vendee has also agreed
to purchase the said property on the following terms and conditions of
this Sale Deed as given below:
1. That the total sale consideration of the said property has been
fixed by and between the Vendor and the Vendee at a sum of
Rs.85,00,000/- (Rupees Eighty Five Lacs only) which the
vendor has already received in full and final consideration from
the Vendee before the Sub-Registrar-lX, Kapashera, New
Delhi-110 037, Delhi, and details of payment given below:-
a) Rs. 15,00,000/- vide Cheque No.04311'1, dated 4,9.2009,
drawn on Punjab & Sind Bank, E.C. G.S. Covent School,
GH-9, Paschim Vihar, New Delhi-'l 10 087
b) Rs.15,00,000/- vide Cheque No.043112, dated 4.9.2009,
drawn on Punjab & Sing Bank, E.C. G.S. Covent School,
GH-9, Paschim Vihar, New Delhi-110 0g7
c) Rs.18,00,000/- vide Cheque No.043114, dated 4.9.2009,
GH-9, Paschim Vihar, New Dethi-110 087

o -)o
d) Rs.18,00,000/- vide Cheque No.043115, dated 4.9.2009,
GH-9, Paschim Vihar, New Delhi-1 10 087
e) Rs.15,00,000/- vide Cheque No.043116, dated 4.9.2009,
GH-9, Paschim Vihar, New Delhi-'l10 087
f) Rs.4,00,000/- vide Cheque No.043'117, dated 4.9.2009,
GH-9, Paschim Vihar, New Delhi-110 087
2. That the said Vendor do hereby convey, transfer, sell the said
property with roof rights and all other rights, titles and interests
unto the said Vendee, who shall hereafter be the full owner of
the same and enjoy all rights of the ownership and possession
etc. to the said property.
3. That all the previous dues i.e. house tax, electricity bill, water
bill, income tax or any other dues/charges of the said property
till date of registration of this Sale Deed shall be paid by the
Vendee and in future the same shall also be paid by the vendee
to all the concerned authorities.
4. That the Vendor has handed over all original deeds and
documents relating to the said property to the Vendee at the
time of registration of this Sale Deed.

1
OV
5. That the Vendor has handed over the actual, vacant, physical
possession of the said property to the Vendee.
6. That the Vendor has assured the Vendee that the said property
under sale is free from all sorts of encumbrances such as prior
sale, mortgage, gift, lease, suits, cases, decree, notification,
family disputes, penalties, Agreement to Sell, irrevocable

General/Special Power of Attorney, dues etc. whatsoever and if
it is proved othenruise then the Vendor shall be liable and

responsible for the same
7. That the Vendor has further assured the Vendee that if the said
property under sale either in whole or any part, portion, share
thereof goes out of the possession of the Vendee due to any
defect in the title of ownership of the Vendor then the Vendor
and all his properties both moveable and/or immoveable shall
be liable and responsible to indemnify the Vendee for all such
losses, damages, etc. if any sustained and suffered by the

Vendee.
8. That the Vendor has left with no right, title, interest, share,
authority, power of ownership in any manner, of any kind in
respect of the above mentioned property under sale and has
sold, transferred, conveyed, assigned, handed over the same
unto and in favour of the vendee.
9. That the Vendor and the Vendee both are the lndian citizen.
o>
10. That all the expenses of this Sale Deed such as stamp papers,
execution and reglstration charges etc. have been paid by the
Vendee from its own funds. That the Vendee shall become the
sole and absolute owner, occupier and in possession of the
said property and shall be fully entitled, empowered, authorised
to use, occupy, hold, sale, mortgage, gift, exchange, lease out
or to transfer or to dispose off the same.
11. That the vendee shall have right to get the said property
mutated and transferred in own name from all the concerned
Government Department at own costs, expenses on the basis
of the Sale Deed
ln the witness whereof, the Vendor and the Vendee both have signed
this Sale Deed at New Delhi, in the presence of the following

witnesses, on the date, month and year first written above.
Witnesses :
1 sd/- sd/-
Deepak Rawat Vendor
S/o. B.S. Rawat
R/o. 165, Shiv Vihar
Hastsal, New Delhi
DL No. P04052006474847
2 sdi- sd/-
Krishan Kr. Vendee
s/o. Shiv Narain
r/o. T-38, Old Nangal
DelhiCantt.
DLt02t0111075484
-J-(ue (, ?Y
l0(
An^"*, n -nfZe
SOUTH DELHI MUNICIPAL CORPORATION
ASSESSMENT & COLLECTION DEPARTMENT
NAJAFARH ZONE: NEW DELHI 110059
No. Tax/M ut./Dy&A&c/NGZ 1201 31 17 53 Dated: 17.7.13
To,
AGM Super Estates (P) Ltd. at,

Paschim Vihar, through its director
Shri Gulshan Kumar Mehta,
R/o 5/'191 , GF, Sunder Vihar
New Delhi -110057
(Person(s) who have applied for mutation)
Sub.:-Mutation of Plot 28 (Residential), Sector-10, DWARKA, NEW

DELHI-75
Sir/lVladam,
Please refer to your application received in this office on dated
1310612013 for the Mutation of the aforesaid property in your

name(s). The property is being mutated in your name(s) on the
basis of the documents supplied by you
2. This is to make it clear that this mutation in the name(s)
referred above is done only for the limited purpose of
payment of property tax and in no case it will confirm devolve
any legal title or ownership whatsoever uis 128 of DMC Act
3. lf any tax liability arises on this property after this mutation for
the period prior to the date of this mutation due to creation of
any additional demand, disposal of pending proposal u/s 126
of the DMC Act, or due to any calculation mistake, the tax

o
liability shall be payable by you as agreed to by you in the
lndemnity bond submitted by you with your application for
mutation. The l\4CD will not be a party In case any dispute
comes up at any stages in any court of law.
4. Further, at a later stage, ln case of any other claimant to the
property or any dispute regarding ownership of the same or it
is found that the documents submitted or suppressed/not
genuine or any information is applicant concealed therefrom
this mutation has been executed by suppression of any fact
and/or by misrepresentation and / or fraud etc. lf any fact is
found otherwise, or any of other claimant comes up with any
dispute, this mutation shall not be treated as valid land the
same will be cancelled without any prior notice and property
will automatically revert back to the previous assesses/
taxpayer in this case. lt shall also be liable and held

responsible to indemnity for the losses, cost and expenses
etc. thus suffered by the MCD, if any.
5. This mutation shall not be treated as valld, if lt has been

constructed on the land belonging to the Govt./DDtuMCD of
which you are not the lessee/licensee, according to law and lf
any dispute arises in future.
sd/-
Dy./Asstt. Assessor & Collector
Dy. A&C NGZ Zone
SDMC
\,\
Ruo 0 PY,
firrnrrl,!r1, v
KNOW ALL MEN BY THESE PRESENTS THAT WE, AGM
SUPER ESTATES PRIVATE LIMITED at GH-9/5, Pachim Vihar,
New Delhi-110087, through its Director SHRI GULSHAN KUMAR
MEHTA SON OF LATE H.L, MEHTA, RESIDENT OF 5/191,
GROUND FLOOR, SUNDER VIHAR, NEW DELHI-110087

(hereinafter called the EXECUTANT) do hereby appoint, authorize,
nominate, constitute and empower M/S) PACL LIMITED, HAVING
ITS REGISTERED OFFICE AT 22, THIRD FLOOR, AMBER

TOWER, SANSAR CHAND ROAD, JAIPUR-302004,
THROUGHiITS AUTHORISED SIGNATORY SHRI ARUN BHATI,
VIDE RESOLUTION DATED as our true, legal and
lawful General Attorney to do the followings acts, deeds and things
in our name and on our behalf in respect of BUILT-UP SECOND
FLOOR (W|THOUT ROOF RTGHTS)OF FREE-HOLD PROPERTY
NUMBER 7, IN BLOCK NUMBER C, BUILT UPON LAND
MEASURING 324 SQUARE METRES, SITUATED AT VIKAS
PURI, NEW DELHI .110018, CONSISTING OF FOUR BEDROOM,
FOUR TOILET-CUM-BATHROOM, ONE, DRAWING ROOM, ONE
KITCHEN-CUlvlDlNlNG, FRONT BALCONY (hereinafter called the
Property)
1. To supervise, manage, control and lookafter our said

property.
I
o'/
2. To appear and act in all the offices of the Delhi Development
Authority, Municipal Corporation of De h Electricity,
undertaking, Delhi Admn., and all other concerned authorities
connections in the said property from the concerned

authorities and to file/submit all kind of documents for the
said purpose under own signature.
terms and conditions.
from the Government if the said property is acquired.

regarding the said property.

cases regarding the said property

lo
issue proper receipt thereof.
L To apply and get the necessary N.O.C./Sale Permission for
the sale of the said property from the concerned authorities
favour' of any person, and submit the same in the office of
the concerned Sub-Registrar, Delhi and get the same
registered.
mentioned in this General Power of Attorney also but my/our
under his/her/their own signatures for the said purpose.
12. This General Power of Attorney shall be irrevocable.
'l 3. All acts, deeds and things lawfully done by my/our above
named Attorney shall always be treated as val.id and
effective as if the same have been done by me/us personally
and shall be binding on me/us

)1r
ln Witnesses Whereof lA/t/e have signed this General Power of

Attorney at New Delhi, in the presence of the following witnesses
on this 0511112014.
WITNESSES:
1.
Sign
Name
S/o
R/o
EXECUTANT
Ylle (e Pxt "

ttz
Ntn^. yure)-Alry
AGREEMENT TO SELL
THIS AGREEMENT TO SELL IS MADE AND EXECUTED AT
NEW DELHI ON THIS 5.11.2014 by and between
AGM SUPER ESTATES PRIVATE LIMITED at GH-9/5, Paschim
Vihar, New Delhl-110087, through its Director SHRI GULSHAN
KUMAR MEHTA SON OF LATE H,L. MEHTA, RESIDENT OF
5/91, GROUND FLOOR, SUNDER VIHAR, NEW DELHI-110087
(hereinafter called the First party)
AND
MiS PACL LIMITED, HAVING ITS REGISTERED OFFICE AT 22,
THIRD FLOOR, AMBER TOWER, SANSAR CHAND ROAD,
JAIPUR-302004, THROUGH ITS AUTHORISED SIGNATORY
SHRI ARUN BHATI, VIDE RESOLUTION DATED

(hereinafter called the Second Party).
The expression of the both parties shall mean and include their
WHEREAS the First Party is the true and lawful owner and in
possession of BUILT-UP SECOND FLOOR (WITHOUT ROOF
RTGHTS) OF FREE-HOLD PROPERTY NUMBER 7, rN BLOCK

NUIVIBER C, BUILT UPON LAND MEASURING 324 SQUARE
METRES, SITUATED AT VIKAS PURI, NEW DELHI,
CONSISTING OF FOUR BEDROOM, FOUR TOILET-CUM-
I t r't
ltJ
BATHROONI, ONE DRAWING ROO[\4, ONE KITCHEN-CUM-
DlNlNG, FRONT BALCONY (hereinafter called the PROPERTY)
And whereas the first party has agreed to sell the above mentioned
property and the second party has also agreed to purchase the
same from the first party, on the following term and conditions of
this Agreement to Sell.
NOW TIDS AGREEMENT WITNESSETH AS HEREUNDER:-
1. That the total sale consideration of the said property has
been fixed between both the parties at a sum of
Rs.4,00,00,000/- (Rupees Four Crore only), which has
been received by the first party from the second party as the
full and final sale consideration amount vide a separate
Receipt
2. That the first party has handed over the actual, peaceful,
vacant physical possession of the above said property to the
second party
3. That the first party has also handed over all the previous
original document and papers relating to the said property to
the second party.
4. That any previous dues i.e. house tax, electric and water bill
or any etc. regarding the said property upto the date of
execution of this agreement shall be paid and borne by the

Itv
first party and thereafter the same shall be paid, and borne
by the second party to all the concerned authorities.
5. That the first party has assured to the second party that the
said property is free from all sorts of encumbrances such as
prior mortgage, sale, gift, decree, litigation, acquisition,
notification for acquirement etc. and there is no defect in the
title of the first party and if proved otherwise, the first party
shall be liable to indemnify in full to the extent of the loss thus
sustained by the second party.
6. That after execution of this agreement, the first party shall
have no right, title or interest etc. in the above said property
and hereafter the second party became the owner of the said
property and the second party is fully entitled to use and
utilize, to give on rent, to construct, to renovate, to rebuild
and/or to sell/transfer the same to anyone in any manner
7. That the first party has neither entered into any sort of
agreement with any body else for the sale and/or transfer of
the said property nor the first party shall create any charge
on the said property after execution of this Agreement to sell.
8. That as and when permissible the first party either self or
through attorney (s) shall execute a proper sale deed (s)of
the above said property either in the name (s) of the second
party or its nominee(s), after obtaining the sale permission

\ts
from the office of the concerned authority and will get the
same registered with the office of the Sub-Registrar /

Registrar concerned or will get the above said property
transferred from the concerned office in favour .of the second
party. However, all the transfer charges, execution and
registration of sale/transfer deed will be paid and home by
the second party
9. That whenever and wherever presence of the first party will
be required for the completion of any Act, Deed and/or thing
regarding the transfer of the said property in favour of the
second party, the first party will present at the required place
and will do all acts, deeds and things required for the
purpose
10. That in case the first party violates the terms and conditions
of this Agreement to sell, the second party shall be fully

entitled, empowered to get the transaction enforced through
the Court of Law under Specific Performance Act, at the risk
cost and expenses of the first party.
lN WITNESS WHEREOF, both the parties have set their hands to
this Agreement to sell on the day, month and year first hereinabove
written in the presence of the following witnesses, who have also
signed in the presence of the parties.

lt Ad a :nil-.1--u
AIUVd CNOC]S Z
AIUVd l-SUll t
S]SSf N.l-IAA
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)LV
fi-1n.rn^*-fl 2-7
AFFIDAVIT
AGM SUPER ESTATES PRIVATE LIMITED at GH-9/5, Pachlm
Vihar, New Delhi-110087, through its Director SHRI GULSHAN
KUMAR MEHTA SON OF LATE H.L, MEHTA, RESIDENT OF
5/191, GROUND FLOOR, SUNDER VIHAR, NEW DELHI-110087,
do hereby solemnly affirm and declare as under:-
1. That we have sold our BUILT-UP SECOND FLOOR
(wrTHouT RooF RTGHTS) OF FREE-HOLD PROPERTY
NUMBER 7, IN BLOCK, NUMBER C, BUILT UPON LAND
MEASURING 324 SQUARE METRES, SITUATED at VIKAS
PURI NEW DELHI-110018, CONSISTING OF FOUR
BEDROOM, FOUR TOILET-CUM.BATHROOM, ONE

DRAWING ROOM, ONE KITCHEN-CUM.DINING FRONT
BALCONY, to M/S PACL LIMITED, HAVING ITS

RES;ISTERED OFFICE AT 22, THIRD FLOOR, AMBER
TOWER, SANSAR CHAND ROAD, JAIPUR-302004,
THROUGH ITS AUTHORISED SIGNATORY SHRI ARUN
BHATI, VIDE RESOLUTION DATED vide
Agreement to Sell dated 5.11.2014
2. That we have also executed a General Power of Attorney,
WILL, Receipt, etc. in favour of the said purchaser regarding
the said property. We shall not cancel/revoke the said
documents under any circumstance. That we have also-
received full and final sale consideration against the said

Its
property from the said purchaser and we have also handed
over the vacant physical possession of the said property to
the said purchaser.
DEPONENT
\ VERIFICATION
Verified at New Delhi on this 05.11.2014 that the above contents
are true and correct to the best of our knowledge and belief and
nothing has been concealed therein.
DEPONENT
L\
>LL/L
bt v
lt
lt1
Ar, e-xlre ,- fi 3o
POSSESSION LETTER
We, AGM SUPER ESTATES PRIVATE LIMITED at GH-9/5,

Paschim Vihar, New Delhi-1 10087, through its Director SHRI
GULSHAN KUMAR MEHTA SON OF LATE H.L. MEHTA,

RESIDENT OF 5/191, GROUND FLOOR, SUNDER VIHAR, NEW
DELHI-1 10087, have handed over the actual vacant, physical

possession of our BUILT-UP SECOND FLOOR (WITHOUT ROOF
RTGHTS) OF FREE-HOLD PROPERTY NUMBER 7, rN BLOCK

NUMBER C, BUILT UPON LAND MEASURING 324 SQUARE
METERS SITUATED AT VIKAS PURI, NEW DELID-110018,
CONSISTING OF FOUR BEDROOM, FOUR TOILET-CUM-

BATHROOM, ONE DRAWING ROOM, ONE KITCHEN-CUM-
DINING, FRONT BALCONY, TO M/S PACL LIMITED HAVING ITS
REGISTERED OFFICE AT 22, THIRD FLOOR, AMBER TOWER,
SANSAR CHAND ROAD, JAIPUR-302004, THROUGH ITS
AUTHORISED SIGNATORY SHRI ARUN BHATI, VIDE

RESOLUTION DATED , on dated 5.11.2014.
Possession Taken Over By Possession Handed Over By
WITNESSES
2
\
06 (eP y,
i-:
ll.
hnn*, {e :-fi q
WILL
This WILL is made and executed at New Delhi on this

, by AGM SUPER ESTATES PRIVATE LIMITED at
GH-9/5, Pachim Vihar, New Delhi-1 10087, through its Director
SHRI GULSHAN KUMAR MEHTA SON OF LATE H.L. MEHTA,
DELHI-1 10087 (hereinafter called the Testator).
IN FAVOUR OF
lM/s PACL lndia Limited, having its registered Office at 22, 3'd
Floor, Amber Tower, Sanasar Chand Road, Jaipur-302004,

through its authorised signatory Shri Arun Bhati, Vide Resolution
dated (hereinafter called the Legatee).
Whereas the Testator is the true and lawful owner of BUILT-UP
SECOND FLOOR (WTTHOUT ROOF RTGHTS) OF FREE-HOLD
PROPERTY NUMBER 7, IN BLOCK NUMBER C, BUILT UPON
LAND MEASURING 324 SQUARE METRES, SITUATED AT

VIKAS PURI, NEW DELID-110018, CONSISTING OF FOUR
BEDROOM, FOUR TOILET-CUM-BATHROOM, ONE DRAWING
ROOM, ONE KITCHEN-CUM-DINING, FRONT BALCONY
(hereinafter called the Property).
I willing make this WILL that after my death the said property, shall
become the property of the aforesaid Legatee, who will be absolute
a
Electricity Department, or any concerned authority, on the basic of
this WILL or its certified true copy.
property shall go and devolve upon legatee's legal heirs and
SUCCCSSOTS.
l\4y other legal heirs, successors, or any other else shall have no
right, title or interest of any nature whatsoever the aforesaid
property and any objection, if raised regarding this WILL by them,
shall be deemed as null and void

aforesaid property.
And I further declare that I have made this WILL Voluntarily,

wlthout any outside pressure, coercion of any nature whatsoever,
while in presence of my sound health and disposing mind
lN WITNESSES WHEREOF I have signed this WILL at New Delhi,
in the presence of the following Witnesses.
WITNESSES
1 TESTATOR
2. LEGATEE
*-fr<\)o GPY'
i?2
A" h eXtul )'c .-nP:-
RECEIPT
We, AGM SUPER ESTATES PRIVATE LIMITED at GH-9/5,

Paschim Vihar, New Delhi- 110087, through its Director SHRI
GULSHAN KUIVIAR IV]EHTA SON OF LATE H L. MEHTA,
DELID-1 10087 (hereinafter called the Executants), have received a
sum of Rs. 4,00,00 000i- (Rupees Four Crore only) from M/S PACL
LII\4ITED, HAVING ITS REGISTERED OFFICE AT 22, THIRD
FLOOR, AMBER TOWER, SANSAR CHAND ROAD, JAIPUR.
3O2OO4, THROUGH ITS AUTHORISED SIGNATORY SHRI ARUN
BHATI, VIDE RESOLUTION DATED as the full and
final Sale consideration of BUILTUP SECOND FLOOR (WITHOUT
ROOF RTGHTS) OF FREE-HOLD PROPERTY NUMBER 7, tN
BLOCK NUIVIBER C, BUILT UPON LAND MEASURING 324
SQUARE IVIETRES, SITUATED AT VIKAS PURI, NEW DEL.HI -
110018, CONSISTING OF FOUR BEDROOM, FOUR TOILET-
CUM-BATHROOM, ONE DRAWING ROOM, ONE KITCHEN-
CUM-DINING, FRONT BALCONY, as per terms and conditions of
Agreement to Sell on dated 5.1 1.2014 and the details of payments
are as under:-
a) Rs.50,00,000/- vide Cheque No.171390, daled 2010512011,
drawn on Punjab National Bank, New Delhi.
b) Rs.50,00,000A vide Cheque No.171391, dated 20.05.2011,

IN
c) Rs.50,00,000/- vide Cheque No.171392, dated 20.05.2011
d) Rs.50,00,0001 vide Cheque No.171393, dated 20.05.2011,
e) Rs.50,00,000/- vide Cheque No 171394, dated 20.05.201'1,
f) Rs.50,00,000/- vide Cheque No 171395, dated 20.05.2011,
drawn on Punjab National Bank, New Delhi
S) Rs.50,00,000/- vide Cheque No.171396, dated 20.05.2011,
drawn on Punjab National Bank, New Delh1.
h) Rs.50,00,000/- vide Cheque No.171397, dated 20.05.2011,
Hence, this receipt is made and executed at New Delhi on this
5.11.2014, in the presence of the following witnesses:-
WITNESSES:-
1. EXECUTANT
L1
-1-Rue CePv "
Flnrnrx-rrr'-A a
ITEM NO.1 COI'RT NO.2 SECTION XVII ls _)
SUPREM,E COURT OE INDIA

RECORD OF PROCEEDINGS
llq-
Civil Appeal No(s) .13301/2015
SUBRATA BHATTACHARYA Appellant (s )
VERSUS
SECURITIES & EXCHANGE BOARD OF INDIA Respondent(s)

(With app1n. (s) for exemption from filing c/c of the i-mpugned
judgment, permission to file additional documents and stay and
office report)
WITH
C.A.No.]-33]-9/20Ls
(With appln. (s) for permission to file additional documents, for
exemption from filing c/c of the impugned judgrrnent and ex-parte
stay and Office Report)
C.A.No.L3394/20Ls
(With app1n. (s) for ex-parte stay, impleadment, intervention, stay
and for permission to file additional documents and Office Report)
C.A.No. L34L0/20L5
(With appln. (s) for ex-parte stay and for exemption flom filing
c/c of the impugned judgment and Office Report)
!r.P. (c)No.s00/2015
(With app1n. (s) for directions and Office Report)
l1. C. (C) No.134/2015
r.P. (c)No.4sl2016
(With appIn. (s) for stay and Office Report)
r.P. (Cr].)No.... ..... /2076 (D.No.388/2016)

(wj.th appln. (s) for ex-parte stay and permission to file T.P.
and Office Report)
T. P. (Cr]- ) No /2015 (D.No.398/20L61

(with app1n. (s) for pernission to file T.P. and stay and
Office Report)
**G* ( c)No.4612016
8:tfS{36.rh app1n. (s) for stay and Office Report)
Date : 02/02/2016 These matters were calfed on for hearing today.
'11 c
1
CORAM
HONIBLE MR. JUSTICE ANIL R. DAVE
\A5
HONIBLE MR. JUSTICE ADARSH KI'MAR GOEL
For Appellant (s) Mr AniL B. Divan, Sr. Adv.

M! Amit Panan,Adv.
Mr Abhishek Amritanshu,Adv.
Mr Suryodaya Prakash Tiwari , Adv.
In C.A. L3394/15 Mr. Kapil Sibal,Sr,Adv.

Mr. Mahesh Agarwal,Adv.
M!. Sarnir Rohatgi,Adv.
Ms. Radhika Gautam,Adv.
Mr. Paras Anand,Adv.
For Mr. E. C. Agrawala,Adv.
In c.A. 13140/15 Mr. C.A, Sundran, Sr, Adv,

Mr. Mahesh Agarwal ,Adv.
!,t1 . grrni s Rohatgi I Adv .
Ms. Radhika Gautarn,Adv.
Mr. Paras Anand,Adv.
For Mr. E. C. Agrawala,Adv.
In r. c. (c) Dr. A.M. Singhvi, Sr.Adv.

No. 134/15 M!. Mahesh Agarwal ,Adv.
Mr. Samir Rohatgi,Adv.
Ms. Radhika Gautam,Adv.
Mr. Palas Anand,Adv.
For M!. E.C.. Agrawala,Adv.
Mr. P. B. Suresh, Sr.Adv.

Mr. C. P. Chandrasekharan , Adv .
Mr. Vipin Nair,Adv.

Mr. Vinod Nair,Adv.
Mr. Rahul Srivastava,Adv.
Eor M/s. Tenple Law Firm,Advs.
For Respondent (s) Mr. Arvind P. Datar, Sr. Adv.

SEBI Mr. Pratap Venugopal,Adv.
Ms, Surekha Raraan, Adv .
Mr. Purushottan X. Jha, Adv.
Ms. Niharika,Adv,
For M/s . K. ,,7. John & Co . , Advs .
Mr Shashank Bajaaj ,Adv.

Mr Shakun S. Shukla,Adv.
Mr Prakash Kumar Singh,Adv.
--r'
t- C
Mr. La:<mi Narayan, Sr. Adv. )?.6
M!. Sarabjot Singh,Adv.
Mr. AIex Joseph,Adv.
For M/s. B.J. Law Offices,Advs.
Mr Prashant Bhushan,Adv.
M! Omanakuttan K.K. ,Adv.
Mr. Rajiv Ranjan Dwivedi,Adv.

Caveator/Cus tomer Mr. Anrit PaI singh Gambhir,Adv.
Assn. Mr. Shantanu Kumar,Adv.
Inve s tors Mr, Avadh Kaushik,Adv.

Ms. Deepika Raghav, Adv.
UPON hearing the counsel the Court made the following

ORDER
c.A.Nos.13301, 13319, 13394 r 13410 0f 2015. I'rp(c)
No.500/2015. r.C. (C)No.134/2015 :
1 Heard Mr. C.A, Sundaram, learned senior counsel
appearing for the appellant-Company, Mr. Anil B. Divan,
learned senior counsel appearing on behalf of the
Director of the Company and Mr. Arvind P. Datar, learned

senior counsel appearing on behalf of Securities &
Exchange Board of India (SEBI), on caveat.

2. Upon hearing the Learned counsel and looking at the
peculiar facts of the casef in the interest of the
investors, we think it proper to pass this order with

regard to interim aEangement, without going into the
legaliLy of the impugned judgment and without prejudice
to the submission which might be made by the counsel at
the time of further hearing of these matters and we
direct that Lhe appellant-Company sha11 not collect any
-'T- C_
t\
further of the investors.
3
amount from any
The SEBI sha11 constitute a Conunittee for disposing ar

of the land purchased by the Company so that the sale
proceeds can be paid to the investors, who have invested
their funds in the Company for purchase of the 1and.
Hon'b1e Mr. .lustice R.M. Lodha, the former Chief Juslice

of India, would be the Chairman of the said Committee.
It would be open to the Hon'ble Chairman of the Committee

to appoint such experts or other persons, as he might
think iL necessary, in consultation with the SEBI , so as
to enable the Committee to sell the land and pay to the
investors in a manner that might be decided by the said

Committee.
4. A Nodal officer shall be appointed, who shall. be

in-charge of the funds so collected and shall have a
liaison with the Comroittee and shal1 also work as a
Secretary to the said Committee.
5 The Corurittee shall collect relevant record,
including Title Deeds from the Central Bureau of

Investigation (CBI), if the CBI is in possession of any
of the documents. Copies of the Title Deeds shall aLso
be given to the Company so that the Company can also

assist the Comnittee in the process of sale of lhe land.
6. The CBI is directed to hand over the documents,
after retaining their copies, which might be required by
the SEBI , so as to enabl.e the Committee to seI1 the land.
-T-
The CBI will be entitled to use the photocopies of the
Tit1e Deeds, which will be handed over to it for Court \18

proceedings.
7. The methodology with regard to recovery of amount
by sale of the land and disbursement of the amount to the

investors shall be overseen by the Mernbers of the
Committee.
8. Remuneration to be paid to the Chairman sha1l be
determined by the Hon'bIe Chalrman himseLf after

considering the quantun of work to be done by the
Committee.
9. The work with regard to disposal of the land and

disbursement of the proceeds to the investors be
comple ted as soon as possible and preferably within six

months from today.
10. The Registry is directed to forward copies of this

order to Hon'ble Mr. ,Justice R.M, Lodha, the SEBI and the
CBI . The Company and its Directors shaLl extend their
cooperation to the Cornrnittee so that the Committee can
function effectively to complete the work as soon as
possible.
11. It would be open to the Hon'ble Chaj.rman to make
modification in the afore-stated arrangement and he is

empowered to do whatever he thinks plope! for disposal of
the land and disbursement of the proceeds to the
investors.
-T. c
12. The amount, which is lying in the bank accounts of
the Company and other cash belonging to the Company sha11
tej
be refeased in favour of SEBI so that it can be used
either for disbursement in favour of the investors or for

incurring necessary expenditure. If any amount has been
deposited by the Company or by its Dilectols or by any
other person on behalf of the Company in any Court, the
same shal1 be released in favour of the SEBI , who sha1I
have a sepalate account so as to deal with the same. The
Committee shall also decide as to whether the staff of

the Company should be continued or relieved.
13. The decision with legard to sale of property of

the Company by the Comnittee shall not be interfered with
by any Court,.
14. List the matters on 2nd AugusL, 201-6 as Part-heard,
so as to know the progress.
r.P. (C) Nos.4512016
Heard the learned counsel .
The transfer petition is allowed. Writ Petition

(C)No.L2342/ 2015 titled as curmeet Singh vs. Securities
and Exchange Board of India is directed to be transferred
from the ltigh Court of Delhi at New Delhi to this Court
and shal1 be heard along with Civil Appea1 No.13301/2015
and other connected matters on 2'd August, 2016.
-TC
T.P. (C) Nos.46l2016
|,o
l,
The transfer petition is allowed. lfrit Petition
(c)No. 12341/2015 titled as Subrata Bhattachalva Vs.
Securities and Exchanse Board of India is directed to be
transferred from the High Court of Delhi at New Delhi to

this Court and shall be heard along with Civil Appeal
No.13301/2015 and other connected mattels on 2"d August,
2016.
TP(CrI. )No. . . . . /2016 (D.No.388/2016)
Permission to file transfer petition is granted.
The transfer petition is aI1owed. Writ Petition

(Crl .)No.1078/2014 titled as Gurmeet Sinqh Vs. C.B.I. is
directed !o be transferred from the High Court of Delhi
at New Delhi to this Court and shaI1 be heard along with
Civil Appeal No.13301/2015 and other connected mattels on
2"d August, 2016.
TP(CrI.)Nos......../2016 (D.No.398/2015) :
Permission to file transfer petitions is granted.
The transfer petitions are a1lowed. writ Petition

(Crl .)Nos.705 and 1076 of 20L4, both titled as PACL Ltd.
-1 , C
vs. c.B.I. are directed to be transferred from the High
Court of Delhi at New Delhi to this Court and shall be
ljl
heard along with Civil Appeal No.13301,/2015 and other
connected matters on 2d August , 20L6.
(Sarit,a Purohit) (Sneh BaIa Mehra)

Court Master Assistant Registrar
-r, a
l
( ,*z_
t\" neVUfe ,.-4 34-
AUCTION OF PACL PROPERTIES
SEARCH DOCUMENT
Mr. Number SR No. Seizure wise
Sale Deed Number Details of Buyer as per Sale Deed

I
Details of Seller Date of Purchase
Amount Area
State: Delhi District : Delhi
Tehsil Village
Survey Number Mode cash/cheque
MR No. Details of Details of Seller Area State District Tehsil Village SY No. Remarks View
Buyer Khasra No. Documents
7773-16 PACL lndia PGF Ltd., rlo. 0.00459 oettri

1 I
oefri I
Paschim Bhanot Space No. N/A View
{
lgs
Ltd., r/o. 22,3'd Second Floor, (200.0 Vihar Trade 319, Third
Floor, Amber Vaishali Building, Sq. Ft.) Centre, Floor (200.0)
Tower, Sansar Paschim Vihar, Commercial Sq. Ft.
Chand Road, New Delhi Complex
Jaipur-302004 Authorised person Plot No.2 &
Authorised Vinay Kumar ?
person Kamla
Vir Tyagi
7745-16 PACL lndia tVlanisha tvlalhotra, 0.085 Delhi Delhi Paschim Etlock No.B- Plot No.5 N/A View
Ltd., r/o. 22,3'd w/o. Ashok (410.90 Vihar 1, Third (410.0) Sq.
Floor, Amber Malhotra & oth. Sq. Yd.) Floor Yd.
Tower, Sansar rlo. B 1/5,
Chand Road, Paschim Vihar,
Jaipur-302004 New Delhi, GPA
Authorised Holder Pramod
perso n ltlalhotra, s/o.
4
lg+
Chander R.D. lvlalhotra
Bhushan
Dhillon, s/o.
Kasturi Lal
Dhillon, rlo. F-
18157, Sector
No.8, Rohini,
Delhi-85
7781-16 PACL lndia Lalit Kapoor, s/o. o.o1421 Delhi Delhi Barakhamba 6'n Floor, Property N/A View
Ltd., r/o. 22,3'd Lt. L.C. Kapoor & (61e.0 Road Gopal Das No.14
Floor, Amber oth., rlo. C-2, Sq. Ft.) Bhawan (61e.0) Sq.
Tower, Sansar Bhagwan Das Ft.
Chand Road, Nagar, East
Jaipur-302004 Punjabi Bagh,
Authorised New Delhi-26 Spa
person Holder Lalit
,(
ljs
Jaspreet Kapoor, s/o. Lt.
Singh, s/o L.C. Kapoor

Sukhbir Singh
7753-16 PACL lndia Ashish Sarna, s/o. 0.008 Delhi Delhi Gopal Das Office No Plot No. 28 N/A View
Ltd., r/o. 22, g'd A.L. Sharna, r/o. (3s0 Bhawan 712 (350 Sq. Ft.)
Floor, Amber B-4l39, Sq. Ft.)
Tower, Sansar Safdarjung
Chand Road, Enclave, New
Jaipur-302004 Delhi
Authorised
person
Gurmeet
Singh, s/o. S.
Kulwant Singh,
rlo. 49,
I
Eklabya
(
Iga
Apartments,
Sector-13,
Rohini, Delhi
24958-16 lnfrastructure & Amit Kumar 300 Sq. Delhi Delhi Saraswati Basai c28, C29 982074 View
Projects Pvt. Khana Yd. Garden, Darapur
Ltd. Delhi
7782-16 PACL lndia Lalit Kapoor, s/o. 0.00689 Delhi Delhi Barakhamba 6tn Floor, Property N/A View
Ltd., r/o. 22,3'd Lt. L.C. Kapoor, (300.0 Road Gopal Das No.13
Floor, Amber rlo. C-2, Bhagwan Sq. Ft.) Bhawan 9300.0) Sq
Tower, Sansar Das Nagar, East Ft.
Chand Road, Punjabi Bagh,

Jaipur-302004 New Delhi-26
Authorised
person
Jaspreet'
Singh, s/o.
{
l<+
Sukhbir Singh
7754-16 PACL lndia Ashish Sarna, s/o. 0.0168 Delhi Delhi Gopal Das OiTice Plot No.28 N/A View
Ltd., r/o. 22,3'd A.L. Sharna, r/o. (731 Bhawan No.714 (731 Sq. Ft.)
Floor, Amber 8,-4139, Sq. Ft.)
Tower, Sansar Safdarjung
Chand Road, Enclave, New
Jaipur-302004 Delhi
Authorised
person
Gurmeet
Singh, s/o. S.
Kulwant Singh,
rlo. 49,
Eklabya
Apartments,
Sector 13,
(
lss
Rohini, Delhi
25006-16 M/s. Swiss Jugal & other 9 Delhi Delhi Najafgarh Jharoda K 56/H 4(4- N/A View
Town Bighas Kalan 4), K
Developers 311/320 & K
Pvt. Ltd. s6/20 (4-16)
I &K312t321
425-16 PACL lndia AGM Super 0.080 Delhi Delhi Janakpuri Vikas Puri Second N/A View
Ltd., r/o. 22,3'd Estates Pvt. Ltd., (324 Floor, Plot
Floor, Amber rlo. GH-9/5, Sq. No.7, Block
Tower, Sansar Pashchim Vihar, Metre) No.C (324
Chand Road, New Delhi-1 1O Sq. Metre)
Jaipur-302004 087, Authorised
Authorised Person Gulshan
person Arun Kumar Mehta, s/o.
Bhati H.L. Mehta, rlo.
51191 , Ground
I
lzq
Floor, Sunder
Vihar, New Delhi-
1 10087
32931-16 Saj Realtors G.B. Agro Expo P. 5.927 Delhi Delhi Punjabi Hiran Kudna 542, 545, N/A View
Pvt. Ltd., rlo. Ltd., rlo. Punjabi (28 BAgh 552, 540,
Sector-13, Bagh, New Delhi, bigha 541,546
rohini, Delhi Authorised Person 09
Authorised Pawan Kumar biswa)
Person Sushil Garg
Kulmar Gupta
r
\/
41Ruu cpf,Y
140
\\l.;XU'€-.'fr 3S
AGM SUPER ESTATES PRIVATE LIMITED
3.3.2017
Sh. Rakesh Singh (NodalOfficer)

Justice (Retd.) R.lV. Lodha Committee,
The Ashoka Hotel,
50-B, Annexe Building (Oudh Corridor)
Chankya Puri,
New Delhi-1 10 021
ln ref.: SEBI Versus PACL Limited & Ors
Subject: Auction of property being Plot No.28, Sector ',l0, Dwarka,
New Delhi
Sir,
1. That M/s. AGM Super Estates (P) Ltd. is a company registered
under the Companies Act, 1956 and has its registered office at
GH-9/5, Paschim Vihar, New Delhi-110 087 (Applicant). lt is
the bonafide registered owner of property being Plot No.28,
Sector 10, Dwarka, New Delhi admeasuring 325 sq. Yards
(hereinafter referred to as "subject property"). The property
WAS purchased by the Applicant from one Sh. tvlukesh Goel
vide registered sale deed dated 9.9.2009 for a total sale
consideration of Rs.85,00,000/-. True copy of registered sale
deed dated 9.9.2009 is annexed as Annexure A1
2. That the Applicant Company has recently learnt that the subject
property, has been included in a list shown on the website of
www.auctionpacl.com for sale as [\/R No.5093-15 with details of
seller being described as PGF Ltd., r/o. SCO 1042-43, Sector

4
22B, Chandigarh and details of buyer being PACL lndia Lld.22,
3'd Floor, Amber Tower, Sansar Chand Road, Jaipur.
3. That upon coming to know of this information, the Applicant
accessed the website of www.auctionpacl.com and found out
that the reason for the subject property being put up on sale is
on the basis of a purported Agreement to Sell dated 22.9.2001
which was allegedly executed between PGFL and PACL. A
true copy of the Agreement to Sell dated 22.9.2001 is annexed
as Annexure A2
4. On further probing the website, no other document or material
was found available, except the agreement to Sell. lt is obvious
that the Agreement to Sell did not fructify into a sale of the
subject property.
5. The Applicant is the lawful and registered owner of the subject
property as per law, and the title and ownership is evidenced in
the following manner :
i. That it is submitted that the subject property was initially
allotted by DDA to Sh. Jaggi, s/o. Sh. Yad Ram and Smt
Khazani, w/o. Sh. Jaggi in the year 1996 vide perpetual
Lease Deed dated 25.6.1996 and other documents.
True copy of perpetual lease deed dated 25.6.19g6 and
other connecting documents is annexed as Annexure
,A3(Colly).
l+L
ll. The original allottees i.e. Sh. Jaggi, s/o. Sh. Yad Ram
and Smt. Khazani Wo. Sh. Jaggi, sold the said property
by way of a notarised Agreement to Sell, GPA/Will dated
3.7.1996, to M/s. PGFL through its Vice-President Sh.
B.K. Kalia s/o. Late Sh. Ram Sarup. True copy of
Agreement to Sell, GPA/Will dated 3.7.1996 are annexed
as Annexure 44
t. That thereafter, PGFL (through Sh. B.K. Kalia) sold the
subject property to Sh. N.S. Bhangoo S/o. Late Sh,

Gurdayal Singh vide notarised Agreement to Sell, GPA
dated 12.3.1997. True copy of Agreement to Sell, GPA
dated 12.3.1997 is annexed as Annexure A5(colly).
iv. That Sh. N.S. Bhangoo, s/o. Late Sh. Gurdayal Singh,
later on, sold the subject property to one Sh. Mukesh
Goel, S/o. Sh. J.P. Goel vide registered Agreement to
Sell, GPAMill dated 19.6.2008. true copy of registered
Agreement to Sell and notarised SPAAIV|ll dated

19.6.2008 is annexed as Annexure A6(colly).
That thereafter, the construction on the subject property
was carried on by Sh. Mukesh Goel after obtaining

sanctioned plans from DDA on 6.11.2008, DDA granted
Occupancy Certificate. True copy of sanctioned plan of
the property is annexed as Annexure A7.

l+e
Sh. Mukesh Goel built a residential house on the subject
property. True copy of phonographs of residential unit is
annexed as Annexure A-8. True Copy of occupancy
certificate dated 6.11.2008 issued by DDA is annexed as
Annexure A-9.
v11. That Sh. Mukesh Goel thereafter based on the complete

chain of documents applied for conversion of land from
leasehold to freehold. The requisite fees for conversion to
freehold were deposited. True copy of application dated
23.2.2OO9 alongwith payment receipts etc. is Annexed as
Annexure A10(co11y)
v111. That pursuant to payment of necessary fees and deposit
of documents, DDA vide communication dated
19.3.2OO9, intimated Sh. Mukesh Goel the execution of
the Conveyance Deed. True Copy of Communication
dated 19.3.2009 is annexed as Annexure A11.
1X Consequently, a Conveyance Deed dated.26.3.2009 was
executed by the DDA in favour of Sh. Mukesh Goel S/o.
Sh. J.P. Goel being GPA holder of Sh. Jaggi, S/o. Sh. yad
Ram and Smt. Khazani w/o. Sh. Jaggi. True copy of
conveyance deed dated 26.3.2009 in favour of Sh.
Mukesh Goel is annexed as Annexure A12.

l++
X That subsequently, in the year 2009, Sh. Mukesh Goel
sold the subject property to the Applicant Company vide a
registered Sale Deed dated 9.9.2009 for a total sale

consideration of Rs.85,00,000/-. True copy of registered
sale deed dated 9.9.2009 is already annexed as
Annexure 41 . True copy of Statement of Account of
AGM Super Estates (P) Ltd. showing payment of sale
consideration vide proper banking channels is annexed
as Annexure 413.
xl. That since 2009, the Applicant Company is in sole and
exclusive possession of the subject property and is being
used for the residence of its officers. The Applicant
Company has regularly been paying Property Tax qua
the said property. True copy of relevant property
receipts is being annexed as Annexure A14
x . That the Applicant Company applied for mutation of the
subject property in its name of SDMC vide application
dated 13.6.120'13. The property was mutated in the
name of the Applicant Company through
acknowledgement dated 17.7.2013. True copy of
Mutation letter dated 17.7.2013 is annexed as Annexure
415.
\+{
6. That the Applicant is in possession of the original documents
marked and annexed to this application which will be kept
available for perusal and inspection by this Hon'ble Committee.
7. That in view of aforesaid, the Applicant AGM Super estates is
the actual owner and in possession of the subject property and
the enlistment of the subject property claiming it to be belonging
either to PGF, or PACL is wholly illegal.
8. lt is submitted that the Agreement to Sell daled 22.9.2001

purportedly executed by M/s. PGF Ltd. (PGFL) in favour of M/s
PACL lndia Ltd. is wholly illegal, as 7 (seven) years prior to
that, in the year'1997, the property had been sold to Sh. N.S.
Bhangoo vide Agreement to Sell and other recognised

documents, who in turn, vide a registered Agreement to Sell
and other accompanying documentation, sold it to one Sh.
Mukesh Goel on 19.6.2008, who then subsequently sold the
said property to the Applicant Company vide registered sale
deed on 9.9.2009.
9. That Applicant is in possession of registered title documents, as
recognised by law, as well as required under law, in its favour.
It is submitted that the property cannot be put up for auction on
the basis of an alleged unregistered Agreement to Sell, which
did not culminate into a sale with registered conveyance and
possessro n.
'10 That it is therefore, most respectfully prayed that this Hon'ble
Committee may kindly be pleased to de-list property bearing
plot No.28, Sector 10, Dwarka, New Delhifrom list of properties
sought to be put up for auction.
11. That it is certified that the Applicant Company is neither an
associate company or a subsidiary of PGFL or PACL or any
investment has ever been made by PGFL or PACL in the
Application Company.
Thanking you,
Yours truly
sd/-
AGM Super Estates (P) Ltd.
t-
RUT GP/
\a+
n e/rare J 6
ITEM NO.6 COURT NO.6 SECTION XVI I

SUPREME COURT OF INDIA
RECORD OF PROCEEDINGS
Civil Appeal No. 13301/2 015
SUBRATA BHATTACHARYA Appellant (s)

VERSUS
SECURITIES AND EXCHANGE BOARD OE INDIA Respondent (s)
(With appln(s) for appropriate orders /directions , permission to

file applicat.ion for direction, for exemption from filing c/c of
the impugned judgment, for stay, permission to file annexures, for
intervention, for direction, for impleadment, for modification of
court's order, clarification/direction, permission to file
additional documents )
IIITH
vf.P. (c) No. 640,/2016 (x)

(With appln(s) for clarification/direction and for permission to
file application for direction)
w.P. (c) No. 613/2016 (x)
T.C. C) No. 3l/2016 (xvr -A)
T.C. CrI ) No. 1,/2016 (XvI -A)
T. C. Crl . ) No. 2/20t6 (xvl -A)
T. C. Cr1 . ) No. 3,/2016 (xvl -A)
c) No. 30/2016 (xvl -A)
w. P. (c) No. 500,/2015 (x)
(with rA L/2oL5)
C.A. No. 13319/2015 (xvII)
(With appln(s) for exemption from filing c/c of the impugned
judgment, for ex-parte stay and for permission to file annexures)
c.A. No. 13394/2015 (xvIl)
(With appln(s) for permission to file annexures, for intervention,
stay, impleadment and direction)
C.A. No . 13410,/2015 (xvl I )
(With appln(s) for exemption from filing c/c of the impugned
judgment and for ex-parte stay)
r.C. (c) No. 134/201s (xvl -A)

15-11-2017 These matters were called on for hearing today.
Be,""fil,
tlljggRAM
HON'BLE MR. .TUSTICE A.K. SIKRI
HON'BLE MR. WSTICE ASHOK BHUSI{AN
4b
c.A. No. 13301/2015 etc.
For parties
Mr R. S. Suri. Sr. Adv.
MS Pallavi Tayal Chadda. Adv-
Mr varun Khanna, Adv.
Mr L. S. Hasan, Adv.
Mr Avinash Kuma!, Adv.
Mr Ashutosh Dubey, Adv.
M! Abhishek Chauhan, Adv.
Mr Arun Nagar, Adv,
Mr Satish vig, AOR
Mr Rajesh P., AoR
Mr c. P. Chandrasekharan, Adv
Mr Somiran Sharma, AOR
Mr E. C. Aglawala, AoR
Mr. Arvind P. Datar, Sr. Adv
Mr. Pratap Venugopal , Adv.
Ms. Surekha Ra:nan, Adv.
Mr. Anuj Sarma, Adv.
Ms. Niharika, Adv.
Ms. Kanika Kalaiyalasan, Adv
M/S. K ,, ,John And Co, AOR
Mr Sudarshan Singh Rawat, AOR
Mr Prakash Kumar Singh. AOR
Ms Anuradha Mutatka!, AOR
MS Kamakshi S. Mehlwal , AOR
Mr. P. S, Patwalia. S!. Adv.

Mr. Amit Kuma!, AOR
Mr. Avijit M. tripathi, Adv.
Mr. D. K. Singhal , Adv.
Ms. Amritakameshwar Srivastava, Adv.
Mr Maninder Singh, ASG.
Mr R. Balasubramanium, Adv.
Ms Ranjana Narayan, Adv.
Mr Mukesh Kumar Maroria, AOR
Ms. Prerna Kumari, Adv.

Mr. Plabhas Bajaj , Adv.
Mr, Akshay Amritanshu, Adv.
Ms, Aarti Sharma. Adv.
Mrs . Anil Katiya!, AOR
2
4q
C.A. No. 13301/2015 etc.
Mr. Vinod Sharma, AOR
Mr Suren Uppal , Adv.

M! Aviral Kashyap, AOR
Mr Amit Kumar Singh, Adv
Mr Sumit Bansal , Adv.
Mr Gagan Gupta, AOR
Ms Richa Oberoi, Adv.
Mr Hetu Arora Sethi. AOR
Ms Shalu Sharma, AOR
Mr Rameshwar Prasad GoyaL, AOR
Dr Adish C. Aggarwala, Adv

Mr Ami sh Aggarwala, Adv.
M! Abhinav Singh, Adv.
M! Sharad Goyal, Adv.
Mr Aditya Singh, AOR
Mr. Shantanu Kunar, AOR
Mr. Rajiv Ranjan Dwivedi, AOR
Bj Law Offices, AOR
Mr T. Sudhakar, Adv.
Mr Prashant Bhushan. AOR
Mr Anjani Kumar Mishra, AOR

Ms Hardeep Kaur, Adv.
Mr Vikramjit Banerjee, Sr. Adv

Mr P. S. Sudheer, AOR
Mr Rishi Maheshrdari, Adv.
Mr Bharat Sood, Adv.
Ms Shruti ,.Tose , Adv .
Ms Subhoshree SiI, Adv.
Mr Avinash Das, Adv.
Mr Ayush Anand, Adv.
Mr Kailash vasdev, Sr. Adv
Mr Hrishikesh Baruah, AOR
Mr Siddhant Kaushik, Adv.
Ms Radhika Gupta, Adv.
3
lso
C.A. No. 1330L/2015 etc.
UP9N hearing the counsel the Court made the fol Iowing
ORD ER
Since a committee headed by Shri R.S. Virk, District
,rudge (Retd. ) has been constituted, in the first instance,
a1I the grievances of these applicants sha1l be heard by the
said commit.tee and take a view on all these matters. Let
all these applicants put up their cases before the
Comrnittee.
M!. Pratap Venugopal , Learned counsel , informs that
the appointment of Shri R.S. Virk, District ,Judge (Retd.)
shall be notified to all the appLicants. It is also
informed that a suitable accorunodation is being arranged in
Delhi at a convenient place in order to enable these
applicants to appear before him. It is further stated that
the Committee would be in a position to start functioning
within one month from today.
lle impress upon Mr. virk to take up all these matters
on an urgent basis and submit his report within a period of
four months. However, interim report shaIl be submitted
within two months .
I.A. No. 22042 / 20t1

This application is filed by one Mr. Bafkaran Singh
Bhullar wherein he has stated that he may be permitted to
act in aid of the agreement dated 19.02.2015 and discharge
his part of the terms and conditions of the said contract.
fn essence, the applicant had offered to assist the
conmittee. Ilowever, we are informed by Mr. Venugopal,
learned counseJ-, that the applicant has since expired in
October, 2OL7 , and, therefore, this application has become
infructuous. Thus, the application stands disposed of as
having become infructuous.
4
ls
c.A. No. 13301/2015 etc.
LA. No. 36786/20!7 I.A. No . 36792/2017

Some applications are filed by certain applicants
wlrerein it is, inter alia, prayed that PACL be not auetioned
during the pendency of the 1is. Mr. Venugopal makes a
statement at the Bar that at present, there is no auction of
the properties where objections have been received. This
submission, according to us, takes care of the aforesaid
praye! made by the applicants and the interlocutory
applications are disposed of.
I .A. No. 36785/2011 , I .A No. 1L8905/2017. I .A. No.

35788 20L1 I A. No. 7 9970 / 20 1 I A No- 117 os3 / 20 17 I A
No. I18 9 05/2 017
The applications for impleadment are allowed.
LA. No.64555/2Ot7 in I.A. No- 2O/20L6

Issue notice to Greater Moha1i Area Development
Authority and Punjab Urban Development, Authority, returnable
in three weeks.
I.A. No. 75351/2017

Mr. Aggravral , learned counsef appearing fo! the PACL,
seeks two weeks' time to seek instructions as to whether the
premises which are 1et out by the applicant to PACL are
required by the PACL and whether it is possible to vacate
and give back the possession thereof to the applicant.
The application stands adjourned for two weeks.
r.A. No. 1L7057 /201,1

As prayed for, reply be filed within two weeks.
I.A. No. 1L8909/20]-7 and I.A. No. 35762/20L7

venugopal, learned counsel , submits that pulsuant
Mr.
to orders dated 04.08.2017, the Conmittee is setting up the
5
l<z
l-/
c.A. No. 13301/2015 etc.
mechanism for consideration of all proposals and it would be

notified' in December , 2071 . It is furttrer submitted that all
these proposals shall be considered according to the said
mechanism. In vielr thereof, no further orders are required
to be passed in these applications which are disposed of.
I.A. No. f01462 I A. No. 702572

Issue notice.
Mr. Venugopal accepts notice and says that he will
file the reply within two weeks.
List the applications after three weeks.
List these matters on 07.12.2077 before an appropriate

Bench .
(NIDHI AITU.IA) (SNEII LATA SHARMA)

COURT MASTER COURT MASTER
-TKo e c,f Y
lr)
l)n^*ro,frfsr
Before Shri R.S. Virk, District Judge (RETD.) appointed to hear
objections/representations in the matter of PACL Ltd. as referred to
in the order dated 15/1 112017, of the Hon'ble Supreme Court
passed in civil appeal no. 13301/2015 titled Subrata Bhattacharya
vs SEBI.
File No. 330
Objections by AGM Super Estates Private Limited Against
Attachment
Present Shri Amarjit Singh Bedi & Gaganpreet Sandhu Advocates
for the objector
Order-
1. The objector above described is seeking delisting of property
measuring 325.54 sq. mtr bearing plot no. 28, Sec -10,
Dwarka, and New Delhi from the list of properties attached by
the committee chaired by Hon'ble Mr. Justice R.M. Lodha,
former Chief Justice of lndia, constituted as such by Hon'ble
Supreme Court vide order dated 02.02.2016 in the case
arising out of Civil Appeal No. '13301/2015 bearing the title
Subrata Bhattacharya vs SEBI, with other connected cases.
2. The objector contends that the above described property was
initially allotted vide letter no. F.27(56)92LSB(R)940 dated
12.01 .1996 by DDA to one Jaggi S/o Shri Yad Ram. The said
documents exist at page 22-25 of the objection petition. DDA

5+
had also statedly issued possession letter dated 30.04.1996
to the above named Jaggi (copy whereof exists at page 26 of
file). DDA had also subsequently executed perpetual lease
deed dated 07.06.1996 in favour above named of Jaggi and
his wife Smt. Khazani (copy whereof exists at page 3142, ot
the objection file).
3. Subsequent thereto the above name Jaggi and Khazani
executed GPA as well as agreement to sell, SPA and Will, all
dated 03.07.'1996, besides executing a receipt in the sum of
Rs. '1 '1 Lakhs, also dated 03.07.1996 in favour of Pearls

Green Forest Ltd. through its Vice President B.K. Kalia (as
per documents existing at pages 43-57).
4. The above named PGF on its part then executed GPA, SPA,
Agreement to Sell, lndemnity Bond, Will, Affidavit,
Possession Letter and receipt in the sum of Rs. 15 Lakhs, all
dated 12.03.1997, as existing on pages 58-79 in favour one
Nirmal Singh Bhangoo.
5. The above named Nirmal Singh Bhangoo on his part then
executed a registered Agreement to Sell, SPA, GPA, Will,

-
Affidavit and Possession Letter and also receipt in the sum of
Rs. 7'1 Lakhs in favour of one Mr. Mukesh Goel, photocopies
whereofexist at pages 80-127.
')
lss
6. The above named Mukesh Goel through Jaggi applied to
DDA for grant of sanction for construction vide letter dated
02.04.2008 and after completion, submitted building plan as
also construction photographs pursuant where to DDA
granted occupancy certificate dated 06.11.2008. Copies of
above referred documents exist at pages 128-139.
7. The above named Mukesh Gael then submitted documents
such as treasury slip for transfer, challan, receipt of freehold
conversion as per documents existing at pages (140-143) on
the basis whereof DDA issued letter dated 19.03.2009 (page
144) for execution of conveyance deed in favour of Mukesh
Gael and pursuant thereto Jaggi above named through DDA
executed conveyance deed dated 26.03.2009 in favour of
Mukesh Gael (copies of the above referred documents are at
pages 145-150)
8. Thereafter, abovenamed Mukesh Gael executed registered
sale deed 08.09.2009 (pages 7 to 16) for an amount of Rs
85 Lakhs in favour of the objector viz. AGM Estates as
corroborated by proof of payment, property tax receipts
alongwith proof of payment through cheque (pages 151 to
155) and pursuant thereto mutation in favour of the objector
was entered on 17.07.2013 vide letter bearing no
Taxs/Mut.iDy.A&c/NGZ/20 1 31 17 53 (page 1 56)

l5 b
9. The Ld. Counsel for the objector have contended that the
only document leading to attachment of the above described
property and its proposed auction is an Agreement of sale
dated 22.09.2001 executed by above described M/s PGF
Ltd. ln favour of M/s PACL lndia Ltd. represented therein by

I
anoj Kumar, Manager but the said agreement of sale is a
redundant document in as much as M/s PGF Ltd. had prior
thereto, executed GPA, SPA, ATS, lndemnity Bond, Will,
Affidavit and possession letter, besides a receipt in the sum
of Rs. 15 lakhs, all dated 12.03.1997, through its Vice
President Shri B.K. Kalla in favour of Nirmal Singh Bhangoo
"in his individual capacity" and therefore the subsequent
agreement of sale daled 22.09.2001 executed by M/s PGF
Itd. in favour of M/s PACL Ltd. is a nullity and did not confer
any right whatsoever in the latter.
'l 0. Further, it is argued that the objector has purchased the said
property vide registered sale deed and has complete chain of
documents in his favour and thus an unregistered agreement
of sale daled 221912001 executed by M/s PGF in favour of
Mis PACL lndia ltd. will not be of any consequence. lt is
further submitted that the DDA has executed conveyance
deed in favour of Mukesh Goel after going through the
veracity of the documents and with consent of Jaggi and
therefore the objector is a bonafide purchaser and should not

lsv
be penalised for any infraction/sham transaction by M/s pGF
or M/s PACL Ltd.
11. At first glance, the above referred averments/contentions and
the supporting arguments put forth sound impressive but do
not stand close scrutiny. ln this context, it may be firstly be
noticed that as per entry at Sr. No. 87 of the list maintained
y SEBI in respec t of files received from the AU
of lnvestigation which is looking into pan lndia operations of
PACL involving millions of investors who have been
defrauded, the said investigating agency had taken the
ongrn o s of the transfer of the property in question into
p ossession vide malkhana re gister (MR No. 425116). As per
the said entry, the sale price of this property is 4 crores, and
the transfer was affected vide the stamp No. lN-
DL28141 o 788049 9M, on the strength of GPA (STAMP
PAPER NO. lN-D1281401841052o5M) by AGM SUPER
ESTATES PW. LTD in favour of PACL dated 05/1112014
which aspect has been withheld by the objector herein. Thus
the objector is no longer the owner of this proPertY which now
vests with PACL and therefore has no locus standii to prefer
the objection petition in hand.
12 Moreover, it needs to be borne in mind that PACL Ltd

(previously called Pearls Agrotech Corporation Ltd ) was
registered on 13/02/1 996, with the registrar of companies,

158
Jaipur as per information available on the net. lt may also be
noticed that PGF was registered on 19/01/1983 with the
registrar of companies, Chandigarh. Though it is contended
that the scope of PACL Committee is confined to PACL
properties and not to PGF properties in the light of order
daled210212016 of the Hon'ble Supreme Court in civil appeal
No.13301/2015 bearing the title Subrata Bhattacharya
Versus Securities & Board of lndia, yet the fact cannot be lost
sight of that PACL and PGF(Pearls Green Forests) Ltd are
apparently sister concerns as would be evident from the fact
that Shri N.S. Bhangoo is one of the five Directors/Partners in
PGF Ltd. as per information available on the net and the
same Shri N.S. Bhangoo, was also chairman of PACL and is
vendee of the property in question viz. plot no.28, Sec -1 0,
Dwarka, New Delhi measuring 325.54sqm from M/5 PGF Ltd.
through its Vice President Shri B.K. Kalia on the strength of
documents dated 12103/1997, detailed in paras 4 & 8 above.
It needs to be mentioned at this stage that M/S PGF Ltd. is
also being investigated by the CBI as well as by Department
of lncome Tax in the light of order dated 1210312013 passed
by the Hon'ble Supreme court in civil appeal no' 6572 of
2004 bearlng the title M/S PGF Ltd. and others Versus Union
of lndia and another. Keeping in view the fact that PACL was
in corporated on 13/02/1996 wherein N'S' Bhangoo was the
chairman,itcannotbesaidatthisstagewithouttherebeing
151
any documentary evidence to show that the amount of Rs. 15
Lakhs paid by Shri N.S. Bhangoo to PGF for purchase of the
property in question was derived out of his personal funds
and not out of funds to the tune of several thousand crores
collected by him as a collective investment scheme (within
the meaning of section 1'1 AA of the Security and Exchange
Board of lndia Act, 1992) from millions of investors but
without obtaining the requisite permission from SEBI as
contemplated in the said Act and the Regulations framed
thereunder. lt may also be point t the PACL

1
had come into existence on 13102t1996 hereas the
a in question by Shri N.S. Bhangoo is dated
t 1210311997. \,
13. lt may also be borne in mind here that neither SEBI which
has issugd noticed to PACL nor the CBI which is
investigating the criminal case registered in the matter are

=--.-
parties to this petition for which reason there is no counter
material available with me to conclude that the purchase by
Shri N.S. Bhangoo of the property in question from M/5 P GF
Ltd. was Solely out of his own funds and not that of PACL
because in the latter event, the investors have a vested rig ht
in this property notwithstanding the execution of conveyance
deed by DDA in favour of Mr. Mukesh Gael

l6o
14. ln view of the foregoing discussion, the objection petition in
hand is held to be devoid of any merit and is accordingly
dismissed.
Dale:2211212017
sd/-
R.S. Virk
District Judge (RETD)
--TRo e Caly

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INDEX

s.No. PARTICULARS PAGES

1. Application for directions on behalf of

2 ANNEXUREA.l. A copy of possession

3 ANNEXURE A-2. A copy of the Perpetual

4. ANNEXURE A-3. A copy of the General

5. ANNEXURE A-4. A copy of the Agreement

6 ANNEXURE A-5. A copy of the Special

7 ANNEXURE A-6. A copy of the Will dated

8 ANNEXURE A-7. A co py of the receipt on

10. AN NEXURE A-9. A copy of the SPecial

11. ANNEXURE A-10. A co py of the Agreement

t2. ANNEXU RE A-11. A co of the Indemni

13. ANNEXURE A-12. A copy of the Will dated

74. ANNEXURE A-13. A copy of the Affidavit

i5. ANNEXURE A-14. A copy of the Possession

17. ANNEXURE 4-16. A co py of the Agreement

18. ANNEXURE A-17. A copy of the Agreement

19. ANNEXURT A-18. A copy of the General

2t. ANNEXURE A-2O. A copy ol the Will dated

22. ANNEXURE A-21. A copy of the Afhdavit

23. ANNEXURE A-22. A copy of the Possession

2+. ANNEXURE A-23. A copy of the receipt for

25. ANNEXURE A-24, A copy of the

26. AN NEXURE A-25. A co py of the sale deed

28.1 ANNEXURE A-27. A copy of the General

29. ANNEXURE A-28. A copy of the Agreement

ao ANNEXURE A-31. A copy of the Wiil dated

JJ. ANNEXURE A-32. A copy of the receipt for

34. ANNEXURE A-33. A copy of the order

35. ANNEXURE A.34. A copy of the website

36. ANNEXURE A-35. A co py of the objection

J/. AN NEXURE A-36. A co py of the order

38. ANN EXURE A.37. A copy of the order

IN THE MATTER OF: -

Subrata Bhattacharya ...Appellant

Securities & Exchange Board of India .. Respondents

AND IN THE MATTER OF:

AGM SUPER ESTATES LTD

APPLICATION FOR DIRECTIONS ON BEHALF OF

1 That the present application has been hled by the

22.12.2OL7 passed by Ld. Shri R'S. Virk, District Judge

(Retd.) whereby, the Ld. District Judge (Retd.) has

dismissed the objections fi1ed by the Applicant herein.

2. By way of said objections, the Applicant herein being an

actual and rightful owner of property admeasuring

New Delhi (hereinafter referred as "subject property")

had sought for delisting of subject property which has

properties of PACL for sale.

3. The dismissal of objections filed by the Applicant herein

is based upon an erroneous finding of the Ld. District

already been affected by the Applicant herein in favour of

PACL on the strength of GPA dated 5/17/2014 (Stamp

Paper No. IN-DL2840 184 105205M) and therefore, the

Applicant has no locus standi to prefer any objection

against the inclusion of subject property in the auction

4 The Ld. District Judge has erroneously placed reliance

upon GPA dated 5/lll2ol4. On a bare perusal of the

said GPA, it is evidently clear that although the said GPA

has been executed between abovenamed Applicant/AGM

Super Estates Pvt. Ltd. and M/s. PACL Ltd but in

relation to some other property i.e. No.7, Block Number-