Indusind Bank Limited v. M/S. Silicon Projects India Limited & ANR

O 5 ORDER SHEET EC/342/2018

IN THE HIGH COURT AT CALCUTTA

ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL SIDE INDUSIND BANK LIMITED VS M/S. SILICON PROJECTS INDIA LIMITED & ANR

BEFORE:

The Hon'ble JUSTICE SABYASACHI BHATTACHARYYA Date: 5th August, 2024.

Appearance:

Mr. Sayak Ranjan Ganguly, Adv.

Ms. Srijani Ghosh, Adv.

. . .for the award holder.

Ms. Payel Shome, Adv.

. . .for the judgment debtor no.2.

The Court: A settlement has been reached out of Court between the parties. Learned counsel for the award-holder also hands over a copy of the memorandum of understanding dated July 22, 2024 which is kept on record. it is submitted that the award-debtors have commenced making the payment of instalments pursuant to the said memorandum. As such, upon hearing both sides, it transpires that in view of the settlement arrived at between the parties, the present application has been rendered infructuous. Accordingly, EC 342 of 2018 is disposed of as infructuous in the light of the above observations.

(SABYASACHI BHATTACHARYYA, J.) SP/