Disposed

M/S Tdi Infrastructure Limited v. Amitabh Nangia

Delhi HC13 Dec 2024CM(M)/3743/2024

Case brief

AI extract

What is this about?

The Court disposed of the petition based on an amicable settlement. The petitioner agreed to pay the respondent Rs. 78,80,000 in five monthly installments. Upon partial performance, the petitioner could withdraw deposited money, while failure to pay allowed execution of the decree.

What did the court decide?

Petition disposed of pursuant to the parties' settlement agreement regarding payment terms and enforcement conditions.

M/S Tdi Infrastructure Limited Vs Amitabh Nangia — Delhi HC (2024) — LawSathi Research

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$~71

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- CM(M) 3743/2024

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M/S TDI INFRASTRUCTURE LIMITED .....Petitioner Through: Ms. Kanika Agnihotri and Mr. Sachn Sharma, Advs.

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versus

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AMITABH NANGIA .....Respondent Through: Ms. Sonali Malhotra, Ms. Sakshi Singh, Advs. with Ms. Amitabh Nangia, Respondent through VC.

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CORAM: HON'BLE MR. JUSTICE RAVINDER DUDEJA

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O R D E R

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% 13.12.2024 CM(M) 3743/2024 & CM APPL. 68801/2024

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It is submitted by the learned counsel for the parties that both parties have come to an amicable settlement as per following terms and conditions:1. The petitioner shall make a total payment of Rs.78,80,000/- to the respondent.

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The payment shall be made in 05 equal monthly installments.

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First such installment shall be paid by 20.12.2024, while the rest 04 installments shall be paid by the 10^th day of each succeeding months.

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Petitioner would be at liberty to withdraw the amount lying deposited with Registry of SCDRC, but only after the first 03 installments are fully paid.

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In case of default of payment of any installment, the respondent would be at liberty to execute the decree for the recovery of whole decreetal

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This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 17/12/2024 at 11:33:45

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amount.

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Learned counsels have requested that the petition be disposed of in terms of above settlement.

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The statements made by learned counsels for the parties are taken on record.

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Petition is disposed of accordingly in terms of the aforesaid settlement with direction that both the parties shall remain bound by the terms and conditions of the settlement and in case of any default of payment, the respondent would be at liberty to enforce execution of decree as per the terms of settlement.

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The next date fixed i.e 29.01.2025 stands cancelled.

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RAVINDER DUDEJA, J

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DECEMBER 13, 2024/sky

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 17/12/2024 at 11:33:45

M/S Tdi Infrastructure Limited v. Amitabh Nangia

Case brief

What is this about?

What did the court decide?

M/S Tdi Infrastructure Limited v. Amitabh Nangia

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

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