“1. Mr. Abhimanyu Bhandari, learned counsel appearing for the petitioner Pankaj Dayal submits that negotiations have taken place between the parties and feasibility of entering into a settlement is possible in near future. He further submits that as per the initial negotiations, it has been agreed between the petitioner Pankaj Dayal and the complainant that the petitioner’s shareholding in M/s Nuclear Land Realty Pvt. Ltd. shall be transferred to the complainant along with a parcel of 2 acres of land in Village Jhatikra, Tehsil Kapashera, New Delhi, subject to fulfillment of other terms by the parties. He, on instructions, submits that the petitioner Pankaj Dayal undertakes not to create any encumbrances on the aforesaid land till the pendency of the negotiations. He further submits that to show his bona fide, the petitioner also undertakes to deposit a sum of Rs.10 lacs with the Registrar General of this Court within a period of one week from the date of his release. He, on further instructions, submits that the petitioner will not seek extension of interim bail in case of failure of negotiations and shall duly surrender before the concerned Jail Superintendent.
