Vasudev Pershad Rustagi & Co. & Anr v. Subhash Chander Sekhri & Ors

ORDER %

08.10.2012 RSA No. 58/2008 & RSA No. 59/2008

¶1It is stated that the parties have settled the matter. The terms of settlement between the parties has been filed. Appellant no. 1 is a partnership firm. One of the partners Sushil Ratan Rustagi is present in courtwho has statedhavingsignedthesettlement. Sh. SushilRatanRustagi is also the legalheirof late Sh.VasudevPershadRustagi.

¶2It is stated that only respondent no. 1 is the only contesting respondent. The otherrespondentsare proformaparties. Respondentno. 1 is present with the counsel and has stated having signed on the terms of settlement dated 08.10.2012. It is submitted that as the parties have amicablysettledthe matter,the impugnedjudgment/decreebe modifiedin terms of settlement dated 08.10.2012. The terms of settlement are reproduced as under "1. ? 9,20,000/- (? Nine lakhs twenty thousand only) to be paid by appellantto respondentno. 1 on 6"^ November,2012.

¶2All shares (Bonus and Rights) alongwith all dividend accrued in Share Folios Nos. S07478 and R06863 shall belong exclusively to appellant No.

1."

¶3The settlementis taken onrecord. Theparties shall remainboundby the terms of settlement stated above.

¶4As the matter has been amicably settled as per terms stated above, respondentno. 4-A shall transferthe shares in the name of appellantno. 1 i.e. M/s Vasudev Pershad Rustagi & Co., a partnership firm after

06.11.2012 on the production of receipt before respondent no.4A about payment of ? 9,20,000/- by the appellant no.l to respondentno.l i.e.. >3 Subhash Chander Seldiri. Both the appeals stand disposed of in terms of settlement reproduced above. CM No. 2746/2008

(stay) in RSA No. 58/2008 & CM No. 2748/2008 (stay) in RSA No. 59/2008 In view of the order on the main appeal, no orders are required on these applications. The same stand disposed of ^ VEENA BIRBAL, J OCTOBER 08, 2012 kks

z/ * IN THE HIGH COURT OF DELHI AT NEW DELHI + RSA 58/2008 M/S VASUDEV PERSHAD RUSTAGI & CO. & ANR Appellants Through : Mr. Alok Mahajan with Pt. Rajesh Arya, Advs. versus SUBHASH CHANDER SEKHRI & ORS. Respondents Through : Mr. M. Dutta, Adv. for R-1. AND -I- RSA 59/2008 M/s VASUDEV PERSHAD RUSTAGI & CO. & ANR Appellants Through : Mr. Alok Mahajan with Pt. Rajesh Arya, Advs. versus SUBHASH CHANDER SEKHRI & ORS. Respondents Through : Mr. M. Dutta, Adv. for R-1. CORAM: HON'BLE MS. JUSTICE VEENA BIRBAL