The petition was disposed of after the parties entered into a Settlement Agreement on 20.02.2018, with the first instalment paid and a cheque issued for the balance, bound by the Managing Director's statement.
Liberty granted to petitioner to take steps as per law including for revival of the present petition in case of default.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
$~CP- 8
* IN THE HIGH COURT OF DELHI AT NEW DELHI
versus UNIVERSAL BUILDWELL PRIVATE LTD...... Respondent
Present: Mr.Gaurav Bahl, Adv. for the petitioner. Mr.Arjun Sawhney, Adv. with Ms.Pooja Sharma, AR, Mr.Raman Puri, Managing Director and Mr.Vikram Puri, Director for the respondent company.
CORAM: HON'BLE MR. JUSTICE JAYANT NATH
O R D E R
%
08.03.2018
Learned counsel for the parties state that the parties have entered into a Settlement Agreement dated 20.02.2018. Pursuant to the Settlement Agreement the first instalment of Rs.3,00,000/- has been paid to the petitioner. Learned counsel appearing for the respondent on instructions from the Managing Director Mr.Raman Puri who is present in court in person states that the cheque handed over to learned counsel for the petitioner would be duly honoured by the bankers. He also states that the respondent shall remain bound by the terms and conditions of the Settlement Agreement. Learned counsel for the petitioner has placed on record a copy of the the settlement agreement dated 20.2.2018. Same is taken on record. It be sent to the Registry who may scan the same and place it on record.
Statement of the Managing Director has been recorded separately. Respondent shall remain bound by the terms and conditions of the statement. In view of the above, present petition stands disposed of.
In case of a default liberty is granted to the petitioner to take steps as per law including for revival of the present petition.
JAYANT NATH, J
MARCH 08, 2018 n
Renu Gupta
Universal Buildwell Private Ltd
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
