Settlement recorded between petitioner and respondent in O.M.P. and pending applications, leading to modification of award amounts with a stipulated payment timeline.
Settlement recorded; award modified; payment of Rs. 85,10,000 with 3% interest within eight weeks.
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versus
PRAVEEN SHARMA ..... Respondent Through: Mr.Rikky Gupta, Adv.
CORAM:
HON'BLE MR.JUSTICE NAVIN CHAWLA
O R D E R
% 21.05.2018
IA No.7019/2018
O.M.P. (COMM) 217/2018 & IAs 7020-21/2018
Counsels for the parties jointly submit that the Impugned Award may be modified to the extent that instead of and in place of awarding a sum of Rs.1,07,19,374/- along with interest @8% per annum, the respondent shall be entitled to a sum of Rs.85,10,000/- (which includes service tax), along with interest @3% per annum. Counsel for the petitioner submits that this amount shall be paid to the respondent within eight weeks from today.
The petition and the pending applications are disposed of recording the above settlement.
Dasti.
NAVIN CHAWLA, J
MAY 21, 2018 RN
Indican Education Private Limited
Praveen Sharma
Navin Chawla
As recorded by the court registry
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