secured creditor, who has filed C.R.P.No.1286 of 2016. The amount thus arrived at is Rs.1,68,59,096/-. A crossed cheque issued by the Administrators bearing Cheque No.006647 dated 19.04.2016 for the above said amount payable to Bhavani Devi has been handed over to the learned counsel for the said secured creditor Bhavani Devi in full discharge of her claim, being the amount payable as per the Arbitration Award minus 10% TDS on the interest portion of the claim. The administrators shall issue necessary Form 16 for the amount deducted as TDS. The said amount has been arrived at in accordance with the Arbitration Award. In view of the said payment by way of cheque, Mr.K.M.Vijayan, learned senior counsel, on instructions from the instructing counsel, submits that the secured creditor Bhavani Devi accepts the same subject to realization, in full quit of her claim and gives up her claim in respect of the security. The learned senior counsel also gives an undertaking on behalf of the secured creditor Bhavani Devi that all claims made by her, including the proceedings initiated before the criminal Courts under Section 138 of the Negotiable Instruments Act based on the dishonoured cheques against P.S.Sengottuvel, S.Indira and E.Annapurini (defendants 1 to 3 in the suit O.S.No.239 of 1998 in which the administrators were appointed) would be withdrawn. The learned senior counsel also submits that the
