Smt. Shruti Chandra v. Noida Software Technology

$~47 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 457/2016 & CO.APPL. 1947/2016 SMT. SHRUTI CHANDRA ..... Petitioner Through:

Mr. M.Dutta, Advocate.

versus NOIDA SOFTWARE TECHNOLOGY ..... Respondent Through:

Ms. Pracheta Kar, Advocate.

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 25.04.2017 CO.APPL. 837/2017 The present application has been filed on behalf of the parties jointly under Order 23 Rule 3 of the Code of Civil Procedure, 1908 for recording of compromise and disposal of the company petition. Learned counsel appearing on behalf of the parties in unison state that the latter have arrived at an amicable resolution of the underlying dispute, by way of a Memorandum of Understanding dated 20.04.2017, a copy of which is annexed with the present application as Annexure-A. The agreement entered into between the parties is lawful and the same is accepted and taken on record, leaving the parties to abide by their reciprocal obligations, without demur.

In terms of the aforesaid Memorandum of Understanding dated 20.04.2017 the following cheques/DD have been handed over by the respondent-company to the petitioner:- S. No.

Cheque No./DD Bank Date of Cheque/DD Amount (Rs.) 245582 Punjab National Bank 12.04.2017 1,00,000/-

397911 -do20.05.2017 40,000/- 397912 -do20.06.2017 40,000/- 397913 -do20.07.2017 40,000/- 397914 -do20.08.2017 40,000/- 397915 -do20.09.2017 40,000/- 397916 -do20.10.2017 40,000/- 397917 -do20.11.2017 60,000/- 397918 -do20.12.2017 60,000/- 397919 -do20.01.2018 60,000/- 397920 -do20.02.2018 60,000/- 397921 -do20.03.2018 60,000/- 397922 -do20.04.2018 60,000/- 397923 -do20.05.2018 60,000/- 397924 -do20.06.2018 60,000/- 397925 -do20.07.2018 60,000/- 397926 -do20.08.2018 60,000/- 397927 -do20.09.2018 80,000/- 397928 -do20.10.2018 80,000/- Learned counsel appearing on behalf of the respondent undertakes that the aforesaid post-dated cheques shall be duly honoured and sufficient funds shall be maintained in the account at all relevant times. The undertaking is accepted.

In view of the above the present application is allowed and disposed of accordingly.

CO.PET. 457/2016 In view of the foregoing, learned counsel appearing on behalf of the petitioner seeks leave to withdraw the present petition with liberty to revive the same in the event the respondent-company defaults in performing its obligations under the aforesaid settlement.

Leave and liberty granted. The petition is dismissed as withdrawn and disposed of accordingly.

SIDDHARTH MRIDUL, J APRIL 25, 2017 mk