Kotak Mahindra Prime Ltd v. Damy Royal Stones (P) Ltd & Ors.

Delhi High Court · 02 Dec 2013 · 2013:DHC:7121
Rajiv Shakdher
O.M.P. 332/2012; O.M.P. 333/2012
2013:DHC:7121
civil other

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The Delhi High Court disposed of two petitions based on the respondents' binding undertaking to pay the balance settlement amount, emphasizing the enforceability of court undertakings.

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$-14 & 15 HIGH COURT OF DELHI
O.M.P. 332/2012
KOTAK MAHINDRA PIUME LTD Petitioner
Through: Mr. Vikas Chopra, Adv.
VERSUS
DAMY ROYAL STONES(P) LTD &ORS. - Respondents
Through: Mr. Amit Dubey and Mr. Ravi Tyagi, Advs.
O.M.P. 333/2012
KOTAK MAHINDRA PRIME LTD Petitioner
Through: Mr. Vikas Chopra, Adv.
VERSUS
DAMY ROYAL STONES(P) LTD & ORS. Respondents
Through: Mr. Amit Dubey and Mr. Ravi Tyagi, Advs.
CORAM:
HON'BLE MR. JUSTICE RAJIV SHAKDHER
02.12.2013 Learned counsel for the respondents says that as per the settlement, amounts have been paid to the petitioner.
It is his submission that only a sum of Rs.7.5 lakhs each, in both OMPs, is required to be paid under the settlement. Counsel for the petitioner affirms this position.
Counsel for the respondents, on instructions, undertakes to pay the balance amount of Rs.7.5 lakhs each, in both OMPs, on or before
10.1.2014.
With the aforesaid undertaking having been given by the
O.M.P. 332-333/2012 page 1 of2 2013:DHC:7121 counsel for the respondents, counsel for the petitioner says that the captioned petitions can be disposed of.
It is ordered accordingly.
Needless to say, the respondents shall be bound by the undertaking given to this Court today.
RAJIV SHX®HER, J DECEMBER 02, 2013 s.pal O.M.P. 332-333/2012 page 2 of2
2013:DHC:7121
JUDGMENT