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Unknown vs Muthoot Vehicle & Asset Finance ...
2021 Latest Caselaw 10061 Ker

Citation : 2021 Latest Caselaw 10061 Ker
Judgement Date : 25 March, 2021

Kerala High Court
Unknown vs Muthoot Vehicle & Asset Finance ... on 25 March, 2021
               rN TEE HreE coIrRT oF KERiaLA AT ERNArittr,AIr{
                                    PRESEI{T

                THE EoNottRABLE   MR.,tltsrrcE T.v.AlrrLKrtDnR
   TET'RSDAY, THE     25fg   DAY OF I{ARCE 202:-   /   4TH CEATTHRA, 1943
                             oP(C) .No.144 gF 2021
    THE PROCEEDINGS     IN EP 52/20L4 IN AR L3L/i:OLO OF DISTRICT
                         cot RT- II, ALAPPUZEA




                 K.AI{EESE
                 AGED IT7 YEARS
                SlO.KARTETKEYAII, RESIDTNG AT GI'RUSAGARJAM,
                  NNAPRA (PO) , AI{aBAIAPUZHA,
                 PT
                AT.APPUZEA DI9TRICT, PrN 699 oo4

                BY ADV. SERT.SURESE JOSEPE



                M/s.}dTITEooT \ZEEIcLE AND AssET FINAI{cE LTD
                 (roRMERr.Y MurEoor LEASTNG Ar{D ETNAI.ICE
                                                           LrMrrED)
                MUTEoor CEAMBERS , KTURTYAN TowERs , BAI{ER,Ir ROAD,
                ERNAICTUT'AM 682 018' REP.BY rrs POINER
                                                        oF ATTORTIEY
                HoLDER BrllDEU R. Nolt rN sERvrcE oF TEE coMpeNr
                                   '
                AS THE SENTOR ACCOUNT    EXECUTI\'E
       2        PREldAKtu!4ARI, AGED 44 YEARS
                RESTDTNG AT RN{DARAYTL gousE, PITNNAPRA (po}
                                                              ,
                AMBArJApruzEA, Ar,AppuzHA DTSTRTCT, prN 6gg
                                                            oo4
       3        GIREESE KIUMAR, AGED    44 YEARS
                RESTDTNG AT RAr{DARAYTL EOUSE, PITNNAPRA (po}
                                                              ,
                AIr{BALAPUZEA, ALAPPUZEA DfSTRICT, pIN 6gg
                                                                  004
                R1-3 By ADv. MAr{rr.Ar (Blo)
     TErS      OP (CTVIL) EAVTNG COME UP E'OR ADMTSSTON                  ON
25.03 .202L,    TEE COT'RT ON TEE SAT.'E DAY DELT\TERED                 TEE
FOLLOWING:
 O.   P.   (C) No    .L44 of   2O2L

                                        z-2-   z




                   Dated this the 25tr' day of Mareh,                2O2L

                                     JUDGMENT

the pendency of this original petition' Durj_ng

the parties came to terms and submitted a memorandum of agreement after the disputes between

them being settled in mediation. The memorandum of agreement dated 19 . 3 .202t , cont ain j-ng the terms and conditions agreed upon between the parties was perused by me. I am satisfied after hearinq parties on either side that the compromi-se was entered into voluntarily. The terms and conditions in the

memorandum of agreement are accepted and recorded-

In the result, the original petition is disposed of j-n terms of memorandum of agreement

dated 19.3 .2027. The aforementioned agreement will- form part of this judgment.

AlI pending interlocutorY applicat j-ons are closed.

sd/ -

                                                     T . \7. AIIILKUI'IAR
                                                            .ft DGE
 ami,     /
 o

BEFORE THE HONOURABLE HIGH COURT OF KERALA AT ERNAKULAM OP(C) No.L44r2O2L

K.Aneesh Petitioner

Vs.

Muthoot Vehicle & Asset Finance Ltd : Respondents & Others o MEMORANDUM OF SETTLEMENT FILED UNDER SECTION 89 OF THE CODE OF CIVIL PROCEDURE READ WITH RULES 24 & 25 OF THE CIV|L PROCEDURE (ALTERNATTVE D|SPUTE RESOLUTTON), RULES, 2OO8:

The disputes between the parties are settled on the following terms and conditions:

1. Both parties agreed to set aside sale in E.P No.52l2014 in Arbitration Case No. L3Ll2o10 on the file of ndil:D$dano Sessions Court-ll, Alappuzha.

o 2. Petitionerl)D No.l Aneesh.K has today paid Rs.2,10,000/-

(Rupees Two lakhs ten thousand only) through Demand Draft No.02 L722 of ESAF Small Finance Bank, Alappuzha Branch dated L8l03l2O2L to Respondent No.l/Decree Holder Muthoot Vehicle And Asset Finance Ltd towards full and final settlement of the Decree in Arb.Ref.No.131/2010. No further amounts are due from the Petitioner to the 1't Respondent.

                                                           lrl)



                                 $                       f-l o (t r," 4
                                 #,               Kerala State Mediation
                                                                         cnij Conciiiatiop Centre
                                                              High Co''rrt cf   i(erala;ffi
                                                                  Kochi'682     03i J
 t)
-                                     -2-

3. Respondent No.1 has no objection in lifting attachments in EP. No.5212014.

4. The above said payment of Rs.2,10,000/- (Rupees Two lakhs ten thousand only) through Demand Draft No.02 L722 of ESAF Small Finance Bank, Alappuzha is subject to realisation of the amount by the Respondent No.l/Decree Holder.

5. On realisation of the above said amount of Rs.2,10,000/- (Rupees Two lakhs ten thousand only) by the Respondent No.l/Decree Holder, has no objection to set aside the sale in EP.No.52l2OL4 in Arb.Ref.No. L3LI?OIO on the file of Addl.District and Sessions Court-ll, Alappuzha.

Hence, it is humbly prayed that this Hon'ble Court may pleased to set aside sale and all further above case in terms of the compromise.

Dated this the 19th day of March, 202L.

                                                                                e'.'$
             Petitioner
                                           1.   M   uthoot   Veh icle
                                                  Finance Ltd


                                        2.      Premakumari        fi r"   "n lry

                                        3.      Gireesh Kumar


     Counsel      r the Petitioner Counsel              r the Respondent
 O.P. (ClNo .L44   of   2O2L

                                    .
                                        -?-.

                                  APPEIIDIX

PETITIONER' S H(EIBITS        :

EXFTBTT P1                TEE TRI'E COPY OF TEE EXECTITION PETTTTON
                          NTMBERED AS E. P.NO .52/20L4

EXHTBTT P2                THE TRI'E COPY OF TgE ORDER DATED

29 .2 .2O2O rN E. P.NO .52/2OL4 rN ARBTTRATTON CASE NO.A.C.L3L/2010 ON TEE FILE OE' TEE ADDL.DISTRICT AI{D SESSIONS COI'RT-II AI.APPUZEA EXHTBTT P3 THE TRT'E COPY OF TEE CASE RECETPT DATED 30.7.2008 WrrE voucEER No.zArrc-ggs 0F TEE LAST PAn'{El{T (INSTALLMENT NO.22)

EXETBIT P4 TRT'E COPY OF TEE ACKNOWLEDGEMENT RECEIPT OF TEE 1ST RESPOIIDENT EIOR RECETVTNG TEE \ZEEICLE ASST'RING TEAT NO EURTEER LEGAL PROCEEDTNGS WILL BE INITIATED AGAINST THE PETITIONER

EXEIBTT P5 TEE TRI'E COPY OF TEE AFTIDAVIT AI.ID PETITION FILED BY TEE PETITIOI{ER

 
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