Icici Bank Ltd v. Akshay Sobti & Ors

ORDER %? 30.05.2013 IA No.9334/2013 in CS(OS) 2009/2010 and IA No.9494/2013 in CS(OS) 128/20 11 (joint aønlicationS u/O XXIII R-1 & 3 CPC) The present joint applications have been filed by the parties1. that they have set out the details of the terms andinter a/ia stating Page 1 of 3 CS(OS) 2009/2010 & CS(OS) 128/2011 conditions of the settlement, as broadly recorded in the order dated

16.5.2013.

¶2Counsels for the parties state that the terms and conditions of the settlement arrived at between the parties have been detailed in para 3 of the application and in furtherance thereto, the defendant/ICICI Bank has handed over pay orders for the amount payable to the plaintiffs and in turn, the plaintiffs have returned the • security amount to the defendant/ICICI Bank.

¶3In view of the aforesaid settlement arrived at between the parties, counsels for the parties jointly state that the present suits may be disposed of.

¶4The Court has perused the present applications. The same have been signed by Mr. Kuldeep Sobti, power of attorney holder of the plaintiffs as also by the authorized signatory of the defendant! ICICI Bank and their respective counsels. The same is supported by the affidavits of the signatories to the applications. In view of the . aforesaid settlement arrived at between the parties of their own free will and volition and without any undue influence or coercion from any quarters, there appears no legal impediment in accepting the present applications. CS(OS) 2009/20 10 & CS(OS) 128/20 11

¶5Accordingly, the applications are allowed and the suits are decreed in terms of the settlement recorded in the applications. The parties shall remain bound by the terms and conditions of the settlement. The suits are disposed of, while leaving the parties to bear their5. own costs. HIMA KOHLI,). 30, 2013MAY? sk . Page 3 of 3 CS(OS) 2009/20 10 & CS(OS) 128/2011

Signed By:RAM DATT Certify that the digital and physical file have been compared and the digital data is as per the physical file and no page is missing. 28 & 29 *?IN THE HIGH COURT OF DELHI AT NEW DELHI CS(OS) 2009/2010+ PlaintiffsAKSHAY SOBTI & ORS Through : Mr. A.K. Mishra, Advocate with GPA holder of the plaintiffs in person. versus ICICI BANK LTD DefendantMIS Through : Mr. Ujjawal Kumar Jha, Advocate with AR of the defendant in person. AND [1 CS(OS) 128/2011+ PlaintiffICICI BANK LTD Through : Mr. Ujjawal Kumar ]ha, Advocate with AR of the plaintiff in person. versus Defendants AKSHAYSOBTI&ORS Through : Mr. A.K. Mishra, Advocate with GPA holder of the defendants in person. CORAM: HON'BLE MS. JUSTICE HIMA KOHLI.? __