The 1st Respondent workman who was an employee of the 2nd Respondent, being aggrieved by the issuance of order of retrenchment dated 31.05.2013 by the 2nd Respondent has approached the Labour Court in ID Nos.92/2013. The Labour Court vide Award dated 11.04.2018 directed this Petitioner to pay the compensation of Rs.2,00,000/- to the 1st Respondent. Being aggrieved by the Award of the Labour Court in awarding for payment of Compensation, the Petitioner approached this Hon'ble Court in WP No. 30040/2018. During pendency of the above Writ Petition, all the parties expressed their intention to resolve the issue in question and settle the issue amicably. In this background both the parties after threadbare discussions along with their counsels and on the suggestions of this Hon'ble Court agreed to settle the present Writ Petition and also the Claims of the 1st Respondent against 2nd Respondent before the Labour Court and before this Hon'ble Court under the following terms and conditions.