CA 78/2016 (condonation of delay)
1. This is an application filed by the respondents to seek condonation of
delay of 152 days in filing the affidavit in compliance of order dated
2. For the reasons given therein, the delay is condoned and the
application is allowed.
3. Mr. Gurmit Singh, the Managing Director of respondent no.1 is
present in court.
4. Mr. Chaudhary, on instructions, of Mr. Gurmit Singh (i.e. respondent
no.2) has offered the following terms of payment towards full and final
CO.PET. 431/2014 page 1 of 2
settlement of the claim raised by the petitioner : –
(i). That the outstanding principal sum amounting to Rs.31.13 Lakh will
be paid alongwith simple interest at the rate of 9% p.a. calculated on Rs.
51,13,456/- commencing from 09.10.2013 till the date of payment, in the
manner indicated hereafter.
Source: Indian Kanoon