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M/S L.K.Trust vs Sri.V.Nagaraj
2022 Latest Caselaw 5644 Kant

Citation : 2022 Latest Caselaw 5644 Kant
Judgement Date : 29 March, 2022

Karnataka High Court
M/S L.K.Trust vs Sri.V.Nagaraj on 29 March, 2022
Bench: G.Narendar, M.G.S. Kamal
                                1


       IN THE HIGH COURT OF KARNATAKA AT BENGALURU

          DATED THIS THE 29TH DAY OF MARCH, 2022

                          PRESENT

            THE HON'BLE MR. JUSTICE G.NARENDAR

                               AND

            THE HON'BLE MR. JUSTICE M.G.S. KAMAL

          REGULAR FIRST APPEAL NO.2105/2016 (SP)

BETWEEN:

M/S L.K.TRUST,
NO.101, INFANTRY ROAD, BENGALURU-01
REPRESENTED BY ITS MANAGING TRUSTEE,
SRI K.L.SWAMY.
                                              ... APPELLANT
(BY SRI PRAKASH.M.H, ADV.)

AND:

SRI V.NAGARAJ,
S/O SRI VENKATESH,

SINCE DEAD, REPRESENTED BY
HIS LEGAL REPRESENTATIVES

1.     SMT. RATHNAMMA
       W/O LATE. V.NAGARAJU,
       AGE: MAJOR,

2.     ROOPA.N
       D/O LATE. V.NAGARAJU,
       AGE: MAJOR,

3.     MYTHRI.N
       D/O. LATE. V.NAGARAJU,
       AGE: MAJOR,
                              2


4.   SAPNA.N
     D/O LATE. V.NAGARAJU,
     AGE: MAJOR,

5.   NITHYA.N
     D/O LATE. V.NAGARAJU,
     AGE: MAJOR,

6.   SMT. DINAMANI B.N
     W/O LATE. V.NAGARAJU,
     AGE: MAJOR,

7.   ARUN SAGAR.N
     S/O LATE. V.NAGARAJU,
     AGE: MAJOR,

8.   AMETH SAGAR.N
     S/O LATE. V.NAGARAJU,
     AGE: MAJOR,

9.   SMT. PADMA G.Y
     W/O LATE. V.NAGARAJU,
     AGE: MAJOR,

10. AJIT SAGAR.N
    S/O LATE. V.NAGARAJU,
    AGE: MAJOR,

ALL ARE R/AT: NO.1263/4,
KHB COLONY, MAGADI MAIN ROAD,
BANGALORE - 560 079.
                                         ... RESPONDENTS

(BY SRI M.ABDUL RAHIMAN, ADV. FOR R1 TO R10.)

     THIS REGULAR FIRST APPEAL IS FILED UNDER SECTION
96 OF CPC., AGAINST THE JUDGMENT AND DECREE DATED:
16.09.2016 PASSED IN OS NO.4846/2007 ON THE FILE OF THE
XI ADDL. CITY CIVIL JUDGE, BANGALORE CITY, DISMISSING
THE SUIT FOR SPECIFIC PERFORMANCE.
                                   3


     THIS REGULAR FIRST APPEAL COMING ON FOR 'HEARING
ON INTERLOCUTORY APPLICATION' THIS DAY, G.NARENDAR J,
DELIVERED THE FOLLOWING:

                            JUDGMENT

Heard the learned counsel for the appellant and the

learned counsel for the respondents.

2. Learned counsels filed into Court a petition under

Order 23 Rule 3 of the Code of Civil Procedure, which reads

as under:-

"MEMORANDUM OF COMPROMISE PETITION UNDER ORDER 23 RULE 3 OF CIVIL PROCEDURE.

1. That the above appeal is filed by the appellant, the plaintiff in O.S. No.4846/2007 before the Court of XXI Addl. City Civil Judge at Bangalore assailing the correctness of the judgment and decree dated 16.09.2016. On the basis of an agreement of sale dated: 24.07.2003, executed by the deceased respondent herein, the appellant has filed the suit seeking specific performance of the said agreement.

2. It is submitted that by the order dated 25.04.2017, this Hon'ble Court has referred the appeal for mediation to explore the possibility

of settlement. However, no settlement was arrived. The respondent, Shri. V. Nagaraj died on 07.05.2021 and subsequently, his legal representatives have approached the appellant and expressed their willingness to settle the matter. After negotiations, the legal representatives of the deceased Nagaraj have offered to pay Rs.Two Crores Seventy Five Lakhs (Rs.2,75,00,000) as full and final settlement and the said proposal is accepted by the appellant and accordingly, the present compromise is being presented before this Hon'ble Court.

3. The Respondents are making the payment through a demand draft dated 16.03.2022, bearing No.857288, drawn on UCO Bank, Vijayanagar Branch, Bangalore in favour of the appellant and the appellant having received the said amount has acknowledged the same.

4. It is hereby stated by the parties that the issue arouse between them pursuant to the sale agreement dated 24.07.2003 is resolved amicably as stated above. The respondents are free to deal with the schedule property and the

appellant declare that it is having no right and interest in respect of the same.

5. The appellant and the respondents submit that the present compromise is voluntary and free from threat, coercion or any kind of influences of whatsoever nature.

6. Hence, the appellant and the respondents herein humbly request this Hon'ble Court be pleased to accept the compromise entered and to dispose the appeal in terms this compromise in the interest of justice and equity.

7. The respondents have no objection for refund of court fee to the appellant as per law.

Sd/-                Sd/-                   Sd/-
(K.S.Brijmohan)    (Rathnamma.B.N.)        (Roopa.N.)
Appellant           Respondent No.1        Respondent No.2
Sd/-                Sd/-                   Sd/-
(Mythri.N.)         (Sapna.N.)             (Nithya.N)
Respondent No.3     Respondent No.4        Respondent No.5

Sd/-                Sd/-                   Sd/-
(Dinamani.B.N)     (Arun Sagar.N.)         (Ameth Sagar.N)
Respondent No.6     Respondent No.7        Respondent No.8

Sd/-                Sd/-
(Padma.G.Y.)       (Ajit Sagar.N)
 Respondent No.9    Respondent No.10

     Sd/-                             Sd/-
  (PRAKASH M.H.)              (M. ABDUL RAHIMAN)
ADV. FOR APPELLANT         ADV. FOR RESP. NO.1 to 10"



     3.      It    is   submitted     that    the        parties    have

voluntarily and peacefully negotiated and amicably

resolved the issues and that the terms of the

settlement arrived at between the parties is

incorporated in the Memorandum of Compromise

petition and that the parties acting in terms of

compromise, have paid a sum of Rs.2,75,00,000/- (Two

Crores Seventy Five Lakhs) by way of demand draft

dated 16.03.2022 bearing No.857288 and drawn on

UCO Bank, Vijayanagar Branch, Bengaluru. The receipt

of which, the appellant admits. The demand draft is

handed over before the Court. In fact, all the parties

i.e. the signatories to the compromise petition were

present before the Court on the previous date of

hearing and have affixed their signatures to the order

sheet. Today, the appellant and respondents No.7 and

8 are present and are identified by their respective

counsels. In that view of the matter, the terms of the

compromise do not demonstrate any illegality nor are

the terms opposed to any public policy or law and there

being no bar to accept the compromise petition, the

same is accepted.

4. In that view of the matter, the compromise

petition is taken on record and is ordered accordingly.

5. The appeal stands disposed off in terms of

the compromise.

Office to draw-up a decree accordingly and

consider refund of permissible Court fee.

In view of disposal of the petition, I.As 1, 2 and 3

of 2022 do not survive for consideration and is

accordingly disposed off.

Sd/-

JUDGE

Sd/-

JUDGE Chs CT-HR

 
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