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Supreme Court Of India
S.N. VARIAVA AND DR. A.R. LAKSHMANAN, JJ.
MAHARASHTRA POWER DEVELOPMENT CORPORATION LTD. -Appellant
Versus
DABHOL POWER COMPANY AND OTHERS- Respondents
IA No.6 in Civil Appeal No. 4375 of 2005,
Decided on July 20, 2005
Constitution of India, Article 142 -Out of court settlement-Order passed in terms of Settlement relating to execution of agreement and transfer of shares. [Para 3]
ORDER
1. Dabhol Power Company (Respondent 1 Company in SLP No. 8489 of 2004) shall cause to be deposited Rs 25,00,000 (Rupees twenty-five lakhs only) within a period of two weeks from the date hereof, with the Prothonotary and Senior Master, High Court, Bombay which shall be treated as security towards the claim of the petitioners in all the winding-up petitions filed against Dabhol Power Company and pending in the Bombay High Court.
2. On the amount being deposited, liberty to Dabhol Power Company to defend the said winding-up petitions against it in the Bombay High Court.
3. IA NO.6 of 2005 is accordingly disposed of.
IAs Nos. 7-11 in SLP (Civil) No. 8489 of 2004 4. These applications do not survive.
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