High Court Kerala High Court

Kunjamma Pappu vs V.J.Vakkachan on 24 November, 2010

Kerala High Court
Kunjamma Pappu vs V.J.Vakkachan on 24 November, 2010
       

  

  

 
 
  IN THE HIGH COURT OF KERALA AT ERNAKULAM

RFA.No. 81 of 2010()


1. KUNJAMMA PAPPU, W/O.V.J.PAPPU, RESIDING
                      ...  Petitioner

                        Vs



1. V.J.VAKKACHAN, S/O.JOSEPH,
                       ...       Respondent

                For Petitioner  :SRI.M.C.SEN (SR.)

                For Respondent  :SRI.M.NARENDRA KUMAR

The Hon'ble MR. Justice A.K.BASHEER
The Hon'ble MR. Justice P.Q.BARKATH ALI

 Dated :24/11/2010

 O R D E R
            A.K.BASHEER & P.Q.BARKATH ALI, JJ.
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                    R.F.A. No. 81 of 2010
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        Dated this the 24th day of November, 2010

                         JUDGMENT

Basheer, J.

When this appeal was taken up for consideration on

an earlier occasion, we directed the parties to appear

before the court in order to explore the possibility of an

amicable settlement. On their appearance, we interacted

with them.

2. It is heartening to note that both sides, who are

very close relatives, have buried the hatchet and settled the

outstanding dispute out of court.

3. It is brought to our notice that a petition for

compromise under Order XXIII Rules 3 of the Code of Civil

Procedure, signed by the appellant, respondent and their

respective counsel has been filed incorporating the terms of

compromise.

4. The respondent has agreed to pay a sum of Rs.150

lakhs to the appellant by way of full and final settlement of

RFA81/2010 2

the entire outstanding liability in connection with the

partnership business. It is further agreed by the respondent

that he would pay the first instalment of Rs.50 lakhs to the

appellant on or before December 24, 2010. The appellant

agrees that in case the respondent is not able to make

payment of the said instalment before the due date, the

respondent would be entitled to get enlargement of time for

making payment till January 8, 2011.

5. The second instalment of Rs.100 lakhs is agreed to

be paid by the respondent on or before May 24, 2011. On

receipt of the entire amount of Rs.150 lakhs from the

respondent, the appellant shall execute a deed of retirement

from the partnership. It is further agreed by the appellant

that she would execute all other necessary documents to be

presented before the authorities under the Indian

Partnership Act.

6. Since the other terms of compromise have been

incorporated in the petition, we do not deem it necessary to

RFA81/2010 3

refer to them. It is made clear that the compromise petition

(I.A.No.4316 of 2010) shall form part of the decree. A

decree shall be passed in terms of the above compromise.

Half court fee shall be refunded to the appellant.

The appeal is disposed of in the above term.

A.K.BASHEER, JUDGE

P.Q.BARKATH ALI, JUDGE

mn.