2015 (2) TMI 1381

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.... passed on the said date. In terms of the settlement arrived at between the parties, the defendant No.1 had agreed to pay a sum of Rs.6,40,00,000/- each to the plaintiff and the defendants No.3 & 4 towards full and final settlement of all their claims in respect of the movable and immovable assets left by the deceased parents. 2. The plaintiff and the defendants No.3 & 4 had agreed that they would not have any objection if the defendant No.1 enters into an agreement to sell one of the main immovable properties, i.e., premises No.A-53, Vasant Marg, Vasant Vihar, New Delhi, in order to fetch the money from the buyer and to pay the same to them. 3. On his part, defendant No.1 had agreed to deposit with the Registrar General of this Court....

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....operty, without causing any delay. 6. In view of the settlement arrived at between the parties, liberty was granted to the defendant No.1 to enter into an agreement to sell in respect of the Vasant Vihar property within three months from the date of receipt of the earnest money for the said property, and the defendant No.1 was directed to deposit a sum of Rs.6,40,00,000/- each in favour of the plaintiff and the defendants No.3 & 4, with the Registrar General of this Court on or before 28.2.2015. 7. Today, counsel for the defendant No.1 states that he has entered into an agreement to sell in respect of the Vasant Vihar property with Mr. Amit Chopra, Director, Hind Samachar Ltd., Civil Lines, Jalandhar, Punjab and from out of the earnes....

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.... the lines requested by the defendant No.1 and the proposed purchaser, represented through Mr. Arun Kathpalia, Advocate. The same have been perused by the counsels for the defendant No.1 and the proposed buyer and they state that they are satisfied with the averments made in the said affidavits, which are also taken on record, with copies thereof furnished to the defendant No.1 and the proposed buyer. 10. All the parties are agreeable that instead of the matter being referred to the Registry for release of the drafts, now that the affidavits furnished by the plaintiff and the defendants No.3 & 4 have been handed over in court and taken on record, the said drafts may be handed over directly to the parties. Ordered accordingly. The three o....