2005 INSC 0812
(Supreme Court Of India)

DELHI DEVELOPMENT AUTHORITY
v.
SKIPPER CONSTRUCTION

IA.Nos.112 and 114 in Petitions For Special Leave To Appeal (Civil) No.
21000 of 1993 | 19-09-2005

1. Mr. H.P. Sharma, Ex-Registrar(Vigilance), Delhi High Court is appointed as
the Claims Tribunal in place of Mr.S.N. Agarwal, Additional District Judge
who had been nominated by the Delhi High Court pursuant to the orders of this
Court. After Mr. H.P. Sharma assumes charge, he will make available to this
Court the list of his requirements for setting up the necessary infrastructure for
discharging his duties. Once that has been notified to this Court the necessary
finances will be made available to Mr.Sharma. The amounts already deposited
by M/s Shikha Developers Pvt. Ltd. in respect of the 113 unpaid claims, shall be
shifted to an account operateable by the Claims Tribunal. Subject to the
verification and identification of the claimants by the Claims Tribunal, the
Claims Tribunal must disburse the amounts payable to each claimant, as
certified by M/s Shikha Developers Pvt. Ltd., together with any proportionate
bank interest that may accrue thereon. The amount which has been transferred
to the Claims Tribunal shall be kept in a short term fixed deposit account so that
it may accrue interest. The Claims Tribunal will also be responsible for deciding
all other issues for which the earlier Claims Tribunal had been constituted as
indicated in our earlier order. All the amounts must be disbursed within a period
of three months from the date on which Mr.H.P.Sharma assumes charge. If
there is any amount outstanding after meeting the claims of such claimants, the
same will be drawn to the attention of this Court by the Claims Tribunal. The
amount in the meantime be placed in a short term fixed deposit account pending
further orders of this Court.

2. The rate of interest which had been temporarily fixed at 7% on the amount to
be deposited by M/s Shikha Developers is confirmed.

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3. List all other applications before the regular bench.

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