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IN THE SUPREME COURT OF INDIA

EXTRAORDINARY APPELLATE JURISDICTION

SPECIAL LEAVE PETITION (CIVIL) NO.9477-9478/2026

[@ Diary No(s).353/2023]

BANK OF BARODA PETITIONER(S)

VERSUS

OIKO CREDIT ECUMENICAL DEVELOPMENT

CO OPERATIVE SOCIETY & ORS. RESPONDENT(S)

O R D E R

1. Delay condoned.

2. The parties have been able to arrive at an amicable

settlement before the Supreme Court Mediation Centre.

3. The Settlement Agreement dated 12.12.2025 has been

reduced into writing, duly signed by the parties, their

respective counsel, including the learned Mediator.

4. The original Settlement Agreement is ordered to be taken

on record and the same shall be kept with the record of this

case. The Settlement Agreement reads thus:-

“SETTLEMENT AGREEMENT

This Settlement Agreement is entered into

between Bank of Baroda, through its Assistant

General Manager Mr. Manoj Kumar, authorized

representative of the Petitioner Bank (hereinafter

referred as the Petitioner Bank)

AND

The Oiko Credit Ecumenical Development Society

through Ms. Nalini Sabbavarapu, authorized

Signature Not Verified representative of the Respondent No.1. (hereinafter

Digitally signed by referred as the Respondent No.1 Society)

HARPREET KAUR

Date: 2026.03.11

19:54:51 IST

Reason:

The Petitioner Bank and the Respondent No. 1

Society shall be collectively referred to as

‘Parties’

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WHEREAS the Petitioner Bank is a creditor of the

Principal Debtor being Nirmalgram Vanitha Dairy

Central Society (Respondent No. 2 in the instant

Special Leave Petition) and holds a money decree in

O.A. No.343/2008 in its favour for Rs.96,62,627/-

with further interest @12% p.a. w.e.f. 17.11.2008

till realization and by sale of the scheduled

property mortgaged to it. Pursuant to the said

decree, the Ld. DRT, Ernakulam issued a Recovery

Certificate dated 30.06.2011 for a sum of

Rs.1,28,30,559.56 with cost of Rs.1,67,623/-;

AND WHEREAS the Respondent No.1 Society is also a

creditor of the Principal Debtor and on filing of

the recovery suit O. S. No.99/2009 before the

District Court, Ernakulam where the Petitioner Bank

was also arrayed as proforma Respondent (as the

same property was mortgaged to the Respondent No.1

also). The Trial Court decreed the suit in favour

of Respondent No.1 Society on 09.11.2021 for a sum

of Rs.3,32,60,000/- with interest @ 6% p.a. and

directed the sale of plaint schedule which included

the property mortgaged to the Bank;

AND WHEREAS in the Execution Petition E. P.

No.30/2013 filed by the Respondent No.1, both the

parties reached a compromise qua the subject

mortgaged property and filed a joint petition being

E.A. No.20/2015 before the Executing Court which

was allowed vide order dated 28.11.2015 recording

the compromise as under:

“1. It is agreed by both the parties that out of

the sale consideration obtained in the above

execution petition, an amount of Rs.1,05,00,000/-

(Rupees one crore five lakhs only) shall be

permitted to be appropriated by the 7^th Judgment

Debtor Bank of Baroda towards the entire dues by

the Principal Debtor, M/s Nirmal Gram Vanitha Dairy

Central Society.”

AND WHEREAS dispute arose between the parties since

the Respondent No.1 could not release the amounts

of Rs.1,05,00,000/- to the Petitioner Bank, which

led to litigations between the parties which are as

under:

i. The Petitioner Bank filed applications before

the Trial Court for directions to the Respondent

No.1 Society to make the payment however, it was

dismissed. The Appeal/Revision Petition filed

against the said orders of the Executing Courts

before the Hon’ble High Court of Kerala at

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Ernakulam were also dismissed.

ii. The matter reached before the Hon’ble Supreme

Court in Special Leave Petition (C) ... Dy. No.

353/2023 filed by the Petitioner Bank in which this

Hon’ble Court vide order dated 01.09.2025 passed in

Special Leave Petition (C)...Dy. No. 353/2023

referred the matter to the Supreme Court Mediation

Centre for exploring the possibilities of amicable

settlement of the disputes between the parties.

AND WHEREAS pursuant to the said order of the

Hon’ble Supreme