Kalyani Holdings & Finance Ltd v. Ansal Properties and Industries Ltd

Delhi High Court · 08 Aug 2011 · 2011:DHC:7141
Manmohan J.
CO.PET. 42/2011
2011:DHC:7141
civil petition_allowed

AI Summary

The Delhi High Court disposed of a petition as settled upon the respondent's undertaking to pay Rs. 10,09,182 as full and final settlement, directing payment within one week and permitting revival and contempt proceedings in case of breach.

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$18 HIGH COURT OF DELHI
CO.PET. 42/2011
KALYANI HOLDINGS & FINANCE LTD .....Petitioner.
Through : Mr.Paritosh Budhirajawith
•Mr.Neeraj Kumar Gupta, Advocates.
VERSUS
ANSAL PROPERTIES AND INDUSTRIES LTD. ..... Respondent
Through : Mr.B.B.Gupta, Advocate.
CORAM:
HON'BLE MR. JUSTICE MANMOHAN
08.08.2011 Mr.B.B.Gupta learned counsel for the respondent undertakes to pay a sum of 10,09,182/- in full and final settlement of the petitioner's dues.
Mr.Paritosh Budhiraja, learned counsel for the petitioner states that in case the aforesaid payment is made within a period of one week, the petitioner is willing to accept the same in full and final settlement.
Recording such consent, the respondent is directed to pay a sum of
10,09,182/- by way of demand draft to the petitioner within a period of one week.
2011:DHC:7141 In the event of breach of the aforesaid settlement, the aggrieved prty is at liberty to seek revival of the present petition besides initiating contempt
Of court proceedings.
With these observations the present petition and all pending applications stand disposed of as satisfied. iLz
MANMOHAN J.
AUGUST 089 2011
• sa
Ll '1- 2011:DHC:7141
JUDGMENT