HC restrains builder from creating third party interest in shares

The Delhi High Court has restrained the promoter of realtor Rudra Buildwell Homes Private Limited from creating third party interest in shares held by him in the group.

The court also directed the group and its promoter Mukesh Khurana to disclose, in an affidavit, details of its assets before February 22, 2019.

Justice Rajiv Shakdher passed the interim order on a petition seeking enforcement of a conciliated agreement of November 28 last year, which was executed between petitioner Sunil Kumar Aggarwal and the realty firm and Khurana relating to payment of over Rs 9 crore.

"The judgement debtors are directed to file an affidavit disclosing their assets...," the court said in its order.

It also said, "Judgement debtor no. 2 (Khurana) is restrained from creating third party rights in the 11 per cent shares held in judgement debtor no. 1 (Rudra Buildwell Homes)."