Final Order 6

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: M/s. Mukul Gupta Marketing Pvt. Ltd. Vs. Vikram Basundi
Ex. (Comm) No. 199/2024
31.08.2024
Present : Sh. Yash Nagpal, Ld. Counsel for the DH through video
conferencing.
AR of the DH in person.
Sh. Sameer Ahmed, Ld. Counsel for the JD along with JD in
person.
Both parties submit that the present execution petition has been
settled between the parties before the Mediation Cell vide Mediation Settlement
order dated 30.8.2024 on following terms and conditions : -
1. The JD shall pay a total sum of Rs. 6,80,000/- to the DH as
full and final settlement out of which Rs. 50,000/- has been paid on
30.8.2024 and remaining balance amount of Rs. 6,30,000/- shall be
paid in seven equal monthly installments of Rs. 90,000/- each shall
be paid by way of RTGS / NEFT / Cash / Online mode etc in
account bearing No. 135351000041, IFSC Code : ICIC0001353,
ICICI Bank, Netaji Subhash Place, New Delhi on or before every
25th day of English Calender month starting from September 2024
onwards.
2. That in case of default / delay in payment of settlement
amount, the JD shall be liable to pay the same with interest at the
rate of 12% per annum for the delayed period from the date of
default until the date of actual payment.
3. The DH shall withdraw the present case after receiving the
complete settlement amount as stated above.
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4. The parties shall be bound by the aforesaid terms and
conditions and in case any of the abovesaid parties does not abide
by the terms and conditions of this settlement, the other party shall
be at liberty to take appropriate action as per law.
5. By signing this settlement, both parties state that they have
no further claims / award of demands against each other with
respect to the present execution and all the disputes and
differences in this regard have been amicably settled by the parties
hereto during the process of mediation.
They have given statement today without any coercion, pressure,
undue influence, force, misrepresentation or mistake from any quarter and
prays that the present execution petition may be disposed off as settled before
Mediation.
Separate statements of both the AR of DH and JD have been
recorded to that effect.
In view of the statements made by the parties, the present
execution petition is disposed off as settled. File be consigned to record room.
(Sanjeev Kumar Aggarwal)
DJ (Commercial)-01, Central,
THC/Delhi / 31.08.2024
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