Allowed

M/S Prudent Project Underwriters Pvt. Ltd. v. Vinaygogia

Delhi HC16 Mar 2018RFA/402/2017

Case brief

AI extract

What is this about?

The Court disposed of an appeal by recording a compromise. It directed the release of Rs. 10 lakhs to the respondent from court deposits, the refund of the remaining amount to the appellant, the quashing of a related execution petition, and the amount release by May 2018.

What did the court decide?

Direction for release of Rs. 10 lakhs to respondent; refund of balance to appellant; modification of decree; withdrawal of execution petition.

M/S Prudent Project Underwriters Pvt. Ltd. Vs Vinaygogia — Delhi HC (2018) — LawSathi Research

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$~28

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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+	RFA 402/2	017
M/S PRUDENT PVT LTD	PROJECT U	NDERWRITERS ..... Appellant
	Through:	Mr.Sanket Gupta, Advocate (M : 8447715266) alongwith Mr.Devender Pahwa, Appellant in person.
	versus
VINAYGOGIA		..... Respondent
	Through:	Mr.Rajesh Bhatia and Mr.Ankit
		Tyagi, Advocates, (M : 9911941019)

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CORAM: JUSTICE PRATHIBA M. SINGH

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O R D E R

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% 16.03.2018

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CM APPL. 10137/2018

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This is an application filed jointly by parties for recordal of compromise. Parties have amicably settled their disputes. Parties have agreed that out of the sum lying deposited in this court, Rs.10 lakhs will be released to the Respondent and the remaining amount be refunded to Appellant. On 21^st April, 2017, this court had directed that the execution shall remain stayed, subject to the deposit of the entire decretal amount. The decretal amount has since been deposited. An amount of Rs.11, 92,500/- is lying in a Fixed Deposit with this court.

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In view of the settlement between the parties, it is directed that Rs.10 lakhs be released in favour of the Respondent within a period of two weeks. The remaining amount along with all accrued interest thereon shall be

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refunded to the Appellant.

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Since the matter has been settled between the parties, court fee is directed to be refunded. The Respondent undertakes to withdraw the execution petition ( Vinay Gogia v. Prudent Project Pvt. Ltd . Pending in Tis Hazari Courts).

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The impugned judgment/decree is modified as settled between the parties. The appeal is disposed of as settled.

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List before the Registrar for release of the amount in favour of the Appellant and the Respondent on 3^rd April, 2018.

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The next date before the court is cancelled.

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PRATHIBA M. SINGH, J

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MARCH 16, 2018 Rahul

M/S Prudent Project Underwriters Pvt. Ltd. v. Vinaygogia

Case brief

What is this about?

What did the court decide?

M/S Prudent Project Underwriters Pvt. Ltd. v. Vinaygogia

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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