Lilasons Industries Ltd v. Aromatrix Flora Pvt Ltd

$~17 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ RFA 499/2018 & CM Nos. 25874-75/2018 LILASONS INDUSTRIES LTD ..... Appellant Through:

Mr. Y.K.Kapur, Advocate.

versus AROMA TRIX FLORA PVT LTD ..... Respondent Through:

Ms. Padmini Kumari, Advocate.

CORAM:

HON'BLE MR. JUSTICE VALMIKI J. MEHTA

O R D E R

% 06.07.2018 1.

I am happy to note that both the parties have been appropriately advised by their counsels and accordingly this appeal is disposed of with the consent order that the impugned judgment and decree dated 20.4.2018 will stand modified in that as against the appellant/defendant and in favour of the respondents/plaintiffs the money decree will be for a total amount of Rs.29,50,000/- payable as on date. This amount alongwith interest at 9% per annum simple from today can be paid by the appellant/defendant to the respondents/plaintiffs on or before 31.3.2019. It is however clarified and agreed that in case the amount as per today's order, and which modifies the impugned judgment and decree, is not paid on or before 31.3.2019 then the

entire decree as it stands in terms of the impugned judgment dated 20.4.2018 will stand revived in favour of the respondents/plaintiffs and against the appellant/defendant.

2.

The appeal is accordingly disposed of, leaving the parties to bear their own costs.

Dasti to counsels for the parties.

VALMIKI J. MEHTA, J JULY 06, 2018 ib