Court disposed of connected writ petitions as settled following the execution of a One-Time Settlement (OTS) by parties, directing compliance and accepting a withdrawal of other proceedings.
Writ petitions disposed off as settled; parties directed to comply with OTS; liberty to respondent to revive proceedings on default; other proceedings withdrawn.
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$~2 & 3
DEEPAK MUNJAL & ORS ..... Petitioners Through: Sh. Raj Shekhar Rao, Advocate along with Ms. Aditya Sharma, Advocate.
versus
CAPITAL FIRST LTD ..... Respondent Through: Mr. Sanjeev Singh, Advocate.
And
SHAKUNTLA MUNJAL ..... Petitioner
Through: Mr. Ashish Upadhayay, Advocate.
versus
CAPITAL FIRST LIMITED ..... Respondent Through: Mr. Sanjeev Singh, Advocate.
CORAM: HON'BLE MR. JUSTICE SIDDHARTH MRIDUL HON'BLE MS. JUSTICE DEEPA SHARMA
O R D E R
% 04.04.2018
Learned counsel appearing on behalf of the parties invite our attention to the One-Time Settlement (for short ‘OTS’) dated
3.03.2018 entered into by and between the parties in relation to the underlying disputes to urge that the present proceedings be disposed off in terms thereof.
The copy of the said OTS dated 31.03.2018 has been handed over in Court today. The same is exhibited as Ex. C and is taken on record.
A perusal of the terms and conditions of the said OTS reflect that the same are lawful and are hereby accepted by the Court.
The writ petitions are disposed off as settled, whilst directing the parties to comply with their reciprocal obligations thereunder without demur.
Needless to state, the respondent shall be at liberty to revive the proceedings in the event the petitioners default in fulfilling their obligations under the said OTS.
Learned counsel for the parties, on instructions, from the latter, state that they shall unilaterally withdraw all pending proceedings inter se forthwith.
The undertaking is accepted.
With the above directions, the writ petitions are disposed off.
SIDDHARTH MRIDUL, J
DEEPA SHARMA, J
APRIL 04, 2018 ss
Deepak Munjal & Ors
Shakuntla Munjal
Capital First Ltd
Capital First Limited
Siddharth Mridul
Deepa Sharma
As recorded by the court registry
A petition under Article 226 of the Constitution asking a High Court to issue a writ against the State or a public authority in a civil matter.
Judgements on the same questions, provisions and authorities, from every court
