Dr. Reddys Bio-Sciences Limited, v. Smt.B.M.Kusumavathi

THE HON'BLE SRI JUSTICE K.C. BHANU AND THE HON'BLE SRI JUSTICE M. SEETHARAMA MURTI A.S.M.P.NO.2686 OF 2014 IN/AND A.S.No.405 of 2013 JUDGEMNT: (Per Hon'ble Sri Justice K.C.Bhanu) Aggrieved of the common judgment and decree dated 21.03.2013 passed in O.S.Nos.948 of 2007 and 811 of 2007 on the file of the court of III Additional District Judge (Fast Track Court), Ranga Reddy, the appellantDr.Reddy's Bio-Sciences Limited had filed this appeal. During the pendency of this appeal, the parties had entered into compromise and had settled the matter out of Court and moved A.S.M.P. No.2686 of 2014 requesting to dispose of the appeal in terms of the compromise. The terms of the compromise are reduced into writing by way of a Memorandum of Compromise and the same is placed on record. The authorized representative of the petitioner/appellant and respondents 2 and 3 are present before this Court. They also produced proofs in regard to their identity. The parties are duly represented by their respective counsel.

The 1st respondent is represented by Sri A.Ravinder Reddy, advocate holding Special vakalat. The respondents 4 to 7 and 9 were set ex parte before the trial court and no relief is claimed against them. Respondent No.8 is said to be a not necessary party.

As per the terms of the compromise, it is agreed that the appellant and respondents 1 to 3 shall have joint right, title and interest in the ratio of 40:60 over the property admeasuring Ac.4.00 guntas comprised in Survey No.62/1/A (Old Sy.No.62) situated at Bahadurpally village and Grampanchayat, Qutubullapur Mandal, Ranga Reddy District within the

following boundaries: North: Agricultural land of N. Sidhartha S/o.Venkat Ramana Reddy in Sy.62/1/A; South: Hyderabad-Narsapur Road; East: Tank and Agricultural land of neighbours; West: Agricultural land of neighbours. All the parties present before this Court have asserted the terms of compromise and stated that they have no objection for effecting the compromise in the ratio of 40:60 between the appellant and the respondents 1 to 3.

The learned counsel for both the parties had submitted that since the parties have settled the matter out of Court and had entered into compromise, the main appeal be disposed of in terms of the compromise memo. Recording the said submission, A.S.M.P.No.2686 of 2014 is ordered. Consequently, the appeal is disposed of in terms of the compromise. The Memorandum of Compromise shall form part of this judgment and decree. There shall be no order as to costs.

Miscellaneous petitions pending if any in this appeal shall stand closed.

_____________ K.C.BHANU, J _______________________ M.SEETHARAMA MURTI, J 19.01.2015 Vjl