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

Delhi High Court · 08 Aug 2011 · 2011:DHC:7143
Manmohan
CO.PET. 40/2011 & Co.APPL.131/2011
2011:DHC:7143
civil petition_allowed

AI Summary

The Delhi High Court disposed of the petition on a court-recorded settlement directing payment of Rs. 12,20,200 as full and final settlement, allowing revival and contempt proceedings in case of breach.

Full Text
Translation output
HIGH COURT OF DELHI
CO.PET. 40/2011 & Co.APPL.131/201 1
KALYANI HOLDINGS & FINANCE LTD .....Petitioner
Through : Mr.Paritosh Budhiraja with 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 12,20,200/- 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
12,20,200/- by way of demand draft to the petitioner within a period of one week.
In the event of breach of the aforesaid settlement, the aggrieved party is at liberty to seek revival of the present petition besides initiating contempt of court proceedings.
2011:DHC:7143 With these observations the present petition and all pending applications stand disposed of satisfied.
IL-4
MANMOTIAN, j•
AUGUST 089 2011 sa 2011:DHC:7143
JUDGMENT