M/S S.S. Steel Corporation v. M/S Maxflow Pumps India (P) Ltd & Ors

ORDER

22.11.2011 Both the learned counsel state that the disputes between the parties have been amicably resolved. They further state that by way of an out of Court settlement, respondent has agreed to pay a sum of Rs.l,32,173/- to the petitioner in the following manner in full and final settlement of petitioner's dues:- Sl. Cheque No. and Dated Amount Drawn On No.

¶1Bankers Cheque No. Rs.50,000/- State Bank of 042515 dated 21st Hyderabad, SBH-November, 2011 Sec-lOA, Gurgaon . I I J I ill I i II 11'1 I I . M 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.

¶2862601 dated 15tll Rs. 20,000/- The Federal Bank December, 2011 Ltd., Gurgaon Haryana-12200 1.

¶3862602 dated 15th Rs. 20,000/- The Federal Bank January, 2012 Ltd., Gurgaon Haryana-122001.

¶4862603 dated 15tn Rs. 20,000/- The Federal Bank February, 2012 Ltd., Gurgaon Haryana-12200 1.

¶5862604 dated 15th Rs. 11,173/- The Federal Bank March, 2012 Ltd., Gurgaon I Haryana-12200 1.

¶6862605 dated 15tn Rs. 11,000/- The Federal Bank April, 2012 Ltd., Gurgaon Haryana-122001. The aforesaid original Bankers Cheque and five post dated cheques have been handed over today in Court to Mr. Vageesh Sharma, learned counsel for petitioner. Photocopies of the aforesaid cheques and Bankers cheque are taken on record. Learned counsel for respondent assures this Court that the aforesaid post dated cheques are good for payment and shall be honoured on presentation. The statements made by both the learned counsel are accepted by this Court and parties are held bound by the same. However, in case any of the post dated cheques is dishonoured for any reason, petitioner shall be at liberty to seek revival of the present proceedings. ., In vrew of the aforesaid observations and liberty, present petition stands disposed of as satisfied. NOVEMBER 22, 2011 JS \L £. MANMOHAN,J

I I I I M * IN THE HIGH COURT OF DELHI AT NEW DELHI + CO.PET. 337/2011 MIS S.S. STEEL CORPORATION ..... Petitioner Through: Mr. Vageesh Sharma, Advocate. versus MIS MAXFLOW PUMPS INDIA (P) LTD & ORS ..... Respondents Through: Mr. Summit Kaushal, Advocate. CORAM: HON'BLE MR. JUSTICE MANMOHAN