1. The hearing was conducted through video conferencing.
2. Subject application has been filed by the parties contending that
a settlement has taken place between the parties and respondent has
undertaken to pay a sum of Rs. 2 crores with interest @ 10% per
annum on reducing balance within a period of 9 months from
07.09.2020. A sum of Rs.15 lakhs has already been paid and a cheque
in the sum of Rs.25 lakhs has been issued which is payable on
20.10.2020. It is undertaken by the respondent that the cheque shall
be honoured on its presentation.
Source: Indian Kanoon