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2025 Supreme(Online)(Mad) 16898
IN THE HIGH COURT OF JUDICATURE AT MADRAS
K.R. Shriram, CJ, Senthilkumar Ramamoorthy, J
Maersk Line India Pvt Ltd – Appellant
Versus
Vinod Kothari – Respondent
Appeal (CAD) No.17 of 2023 | COS No.825 of 2022
For the Appellants/Petitioners: Mr.P.Giridharan
For the Respondents: Mr.V.Anilkumar
The court recognizes and enforces an amicable settlement between parties, fulfilling all terms as per mutual agreement.
Headnote:Statute Analysis: The parties amicably settled the matter out of court based on an agreement between them. Facts of the Case: The appellant agreed to pay Rs.33,00,000 in a full and final settlement to the respondent.
Findings of Court:
The court approved the settlement and ordered the payment terms.
Issues: The court framed the issues surrounding the amicable settlement.
Ratio Decidendi: The reasoning centered on the enforceability of the settlement agreement and satisfaction of the previous decree.
Result: The decree dated 19.12.2022 stands satisfied; Appeal disposed of.
JUDGMENT
(Judgment of the Court was made by the Hon'ble Chief Justice)
The parties have amicably settled the matter out of court. The following order is passed by consent:
a) Appellant would pay a sum of Rs.33,00,000/- (Rupees Thirty Three Lakh only) in full and final settlement of all claims of respondent;
b) This amount of Rs.33 lakh shall be paid over to respondent from the amount of Rs.39,62,584/- deposited by appellant in the Registry pursuant to order dated 30.08.2023 and as recorded in order dated 01.02.2024;
c) Registry shall pay over the amount without any deductions to respondent within two weeks of receiving an application from the respondent, enclosing a copy of this judgment;
d) The balance amount of Rs.6,62,584/-
(Rupees Six Lakh Sixty Two Thousand Five Hundred and Eighty Four only) including accrued interest, subject to deduction of only TDS if any, and no other deduction, shall be paid over to appellant, within three weeks of receiving a copy of this judgment;
e) In view of the above, the decree dated
19.12.2022 stands satisfied;
f) Appeal disposed of;
g) There will be no order as to costs;
h) Refund, if any, of court fees, according to Rules;
i) Refund shall be given within four weeks of receiving the application.
