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M/S Sundaram Finance Ltd vs M/S A. One Handling Agency Srevice ...
2017 Latest Caselaw 6301 Bom

Citation : 2017 Latest Caselaw 6301 Bom
Judgement Date : 16 August, 2017

Bombay High Court
M/S Sundaram Finance Ltd vs M/S A. One Handling Agency Srevice ... on 16 August, 2017
                                        1                               Sr.No.2/16-08- 2017



               IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                     ORDINARY ORIGINAL CIVIL JURISDICTION

              EXECUTION APPLICATION NO. 1458 OF 2012
                ARBITRATION CASE NO.SK/SF/52 OF 2001

              M/s.Sundaram Finance Ltd.                      .... Claimant.
                        V/s.
              M/s.A One Handling Agency Services
              & Anr.                                         .... Respondents.

Ms.Jalpa Pithadia, i/b. S.I. Joshi & Co., Advocate for Claimant. Ms.Kirti Petkar, i/b. MRK Law Associates, Advocate for Respondents.

Coram : K.K. Trivedi.

Commissioner for Taking Accounts Date : 16th August, 2017.

CALLED FOR DIRECTIONS:

Advocate for Claimant is present today. She states that they have served Defendants/Respondents and prays that this Office should communicate upon Society in which the suit premises is situated for furnishing necessary information.

Advocate for Respondents is also present. She submits that their clients have instructed her to make statement that they have paid sum of Rs.7 lacs in addition to payment of Rs.2 lacs and Rs.1 Lac made earlier.

Thereafter, Advocate for Claimant has submitted that parties have arrived at some kind of settlement duly signed by the parties. Zerox copy of the said communication dated 16th March,2016 is placed in my hands.

Perusal of the said communication, suggests that Respondents have agreed to pay a sum of Rs.15 lacs towards full and final settlement. By the said settlement,payment of Rs.15 lacs was to be paid as under:-

Rs.2,00,000/- shall be paid forthwith., this was upon execution of the undertaking and Rs.1,00,000/- will be paid on or before 30 th April, 2016.

The Advocate for Claimant has accepted that they have received the

...2/-

- 2 - Sr.No.2/16-08-2017/EXA-1458-2012

aforesaid amount and there is no dispute. As per the so called consent terms, the Respondents were to pay balance sum of Rs.12,00,000/- in monthly instalments i.e. Rs.1,00,000/- each, first of which was to be paid on 25 th day of every month from 31st July, 2016, the same was to be paid every month till entire amount is paid. She has further stated that they have only received Rs.5,00,050/-.

Advocate for Respondents however contends that she has been instructed by their client to make statement that in all sum of Rs.7,00,000/- have paid which includes payment of Rs.2,00,000/- paid forthwith and Rs.1,00,000/- paid on or before 30th April, 2016. This otherwise suggests that they have paid four instalments from July, 2016.(However, these are all statements, no documentary proofs are placed before me.). It is also submitted by Advocate for Respondents that they have not received the receipt for aforesaid payment.

In view thereof, I direct Advocate for Claimant to produce the details as regards the payment received from the Defendants till date.

Advocate for Respondents is also directed to produce zerox copies of the relevant documents on record of this Registry showing payments made by their clients. Advocate for Respondents is also called upon to submit copy of Vakalatnama on record of this Registry within a week from today to enable this Office to show their name on the cause list.

Upon passing of the aforesaid directions, Advocate for Claimant further submitted that as Respondents have defaulted in making payments, this Office should proceed further and call information from the Society. However, to my knowledge this cannot be done and it is surprising stand taken by Advocate for the Claimant, on one hand they are settling the mater directly with the Respondents without the knowledge of this Office and keeping this Office in dark and on the other hand they want this Office to proceed further as default is made by Respondent. However, this Office cannot accept such actions of the Claimant and cannot proceed further in the matter. This practise of Claimant that they have tried to settle the matter and as the same has been breached by Respondents, they want this Office to proceed further, cannot be accepted. In any event this Office will not proceed further in the matter till Advocate for Claimant takes appropriate steps in the matter.

...3/-

- 3 - Sr.No.2/16-08-2017/EXA-1458-2012

Advocate for Claimant is directed to place all relevant documents on record of this Office under an Affidavit duly affirmed by their client.

In view of the above, matter is adjourned to 13th September, 2017.

16-08-2017                             Commissioner for Taking Accounts





 

 
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