Narang Tyre Sales & Ors. v. Vinay Gupta & Anr.
Case brief
What is this about?
Appeal against a commercial court decree of about Rs.28,00,000 was settled during pendency via a written Memorandum of Understanding, after the defendants deposited part of the decretal amount and paid an additional sum.
What did the court decide?
Appeal and pending applications disposed of in terms of MOU 'C1', made part of the decree; Registry directed to release deposited amount with interest to Respondents 1 & 2.