M/S Gili India Limited v. M/S Store One Retail India Ltd

ORDER

18.11.2011 CO. PETs. 33/2010 & 156/2010 Page 1 of3 Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Mr. Ankit Shah, learned counsel for the respondent-company states that respondent-company is willing to pay a total sum of 85,00,000/- in full and final settlement of dues of M/s. Gili India Limited, M/s. Asmi Jewellers India Private Limited, and M/s. D' damas India Private Limited in petitions bearing Co. Pet. Nos. 33/2010 and 156/2010 as well as Civil Suit No. 683/2011 pending before the Bombay High Court respectively. Mr. Pramod Kumar Singh, learned counsel for M/s. Gili India Limited and M/s. Asmi Jewellers India Private Limited states that he has instructions from all the aforesaid three companies to accept the settlement offer .of the respondent-company. It is further agreed between the parties that out of the aforesaid sum an amount of 20,00,000/- should be paid to M/s. Asmi Jewellers India Private Limited and 45,00,000/- to M/s. Gili India Limited. It is also agreed that the balance sum 20,00,000/- shall be paid by respondent-company to M/s. D'damas India Private Limited within 15 days before the Bombay High Court. CO. PETs. 33/2010 & 15612010 Page 2 of3 - .. , - <r· •. \ '- The aforesaid statements made by both the counsel are accepted by this Court and both parties are held bound by the same. List the matters before Registrar General on 29th November, 2011 for release of cheques 20,00,000 & 45,00,000/- out of the \amount deposited by respondent-company in Co. Pet. No. 351/2009. ' ' Registrar General is directed to issue account payee cheque in favour of petitioner companies and hand over the same to learned counsel for petitioners against a receipt. Accordingly, the present petitions are disposed of m the aforesaid consent tenns. NOVEMBER 18, 2011 rn CO. PETs. 33/2010& 156/2010 \\ J.. MANMOHAN,J= Page 3 of3

#24-25 * IN THE HIGH COURT OF DELHI AT NEW DELHI 24. + CO. PET. 33/2010 MIS.GILI INDIA LIMITED ..... Petitioner versus Through Mr. Pramod Kumar Singh with Ms. Purbali Bora and Mr. Raman Kapoor, Advocates MIS. STORE ONE RET AIL INDIA LTD. . .... Respondent Through Mr. Ankit Shah, Advocate with Mr. Deepak Prakash Sharma. AND _ ... :'.. 25. • + CO. PET. 156/2010 % MIS. ASMI JEWELLERS INDIA PVT. LTD ...... Petitioner versus Through Mr. Pramod Kumar Singh with Ms. Purbali Bora and Mr. Raman Kapoor, Advocates MIS. STORE ONE RETAIL INDIA LTD. . .... Respondent CORAM: Through Mr. Ankit Shah, Advocate with Mr. Deepak Prakash Sharma. HON'BLE MR. JUSTICE MANMOHAN