Awagaman Road Carriers Limited v. Capital Power Infrastructure Limited

$~64 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 293/2016 & Co. Appl. Nos.1263-1264/2016 AWAGAMAN ROAD CARRIERS LIMITED ..... Petitioner Through:

Mr. Sarad Singhania, Advocate with Mr. D.K. Singh, Manager.

versus CAPITAL POWER INFRASTRUCTURE LTD ..... Respondent Through:

Mr. Aviral Dhirendra, Advocate.

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 30.03.2017 Learned counsel appearing on behalf of the parties, state in unison, that the parties have entered into an out of court settlement of the underlying dispute that led to the institution of the present company petition; and pursuant thereto, learned counsel appearing on behalf of the respondent company has handed over a demand draft bearing No.203160, dated 29.03.2017, drawn on HDFC Bank, in favour of the petitioner in the sum of Rs.9,17,000/- (Nine lacs seventeen thousand only). In view of the settlement arrived at between the parties as aforesaid, learned counsel appearing on behalf of the petitioner seeks leave to withdraw the present company petition with liberty to revive the same in the event, the respondent fails to comply with the terms and conditions of the aforesaid settlement.

Leave and liberty granted.

Consequently, the accompanying company petition is dismissed as withdrawn and disposed of accordingly.

Pending applications, if any, also stand disposed of.

SIDDHARTH MRIDUL, J.

MARCH 30, 2017 'AA'