Ce Info Systems Private Limited, v. Dan Electronic System Pvt. Ltd.

$~15 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 377/2017 CE INFO SYSTEMS PRIVATE LIMITED ..... Petitioner Through:

Mr.Amit P.Deshpande, Adv.

versus DAN ELECTRONIC SYSTEM PVT. LTD.

..... Respondent Through:

Mr.Amit Joshi, Ms.Vineeta Sharma and Mr.Prabhjot Kaur, Advs.

CORAM:

HON'BLE MR. JUSTICE NAVIN CHAWLA

O R D E R

% 30.11.2017 The counsels for the parties submit that the parties have entered into a settlement whereunder the respondent has handed over the following Demand Draft and post-dated Cheques amounting to Rs. 15,05,671/- (Rupees Fifteen Lakhs Five Thousand Six Hundred and Seventy One only) as a full and final payment of the claim to the petitioner:- S.No.

PARTICULARS DATED AMOUNT (DD No. & CHEQUES (Rs.) No.) 01.

(DD) 004426 30.11.2017 1,00,000/- 02.

085310 20.12.2017 2,50,000/- 03.

085311 20.01.2018 3,50,000/- 04.

085312 20.02.2018 3,50,000/- 05.

085313 20.03.2018 4,55,671/- Total 15,05,671/-

Mr. Pankaj Jha (Finance Head) of the respondent submits that the cheques given under the settlement will be duly honoured on the date of its presentation.

In view of the above, the counsel for the petitioner prays for leave to withdraw the present petition with the liberty to revive the same in case the settlement terms are not honoured.

Petition is dismissed as withdrawn with liberty as prayed for. NAVIN CHAWLA, J NOVEMBER 30, 2017/rv