After arguing the matter for some time the learned counsel for the parties agree that the dispute can be settled by the respondent – Company paying an amount of Rs.13,00,000/- to the petitioner towards full and final settlement of the petition. The learned counsel for the respondent agrees that the said amount will be paid to the petitioner within a period of four weeks from today. The undertaking of the learned counsel for the respondent upon instructions is accepted. The learned counsel for the petitioner on instructions seeks to withdraw this Company petition. Company petition is disposed of as withdrawn.