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2025 DAILYLAW 4963 (HP)

IND SPHINX PRECISION LTD v. SHIV SHANKAR

CWP/214/2023 · 2025-01-07

Sandeep Sharma

body2025

Judgment text

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IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA CWP No.214 of 2023 Date of Decision: 07.01.2025 _____________________________________________________________________ Ind Sphinx Precision Ltd. ……...Petitioner Versus Shiv Shankar …....Respondents Coram Hon’ble Mr. Justice Sandeep Sharma, Judge. Whether approved for reporting? For the Petitioner: Mr. Jagdish Thakur, Advocate. For the respondent: Mr.Sunil Kumar, Advocate, vice Mr. Rahul Mahajan, Advocate. ___________________________________________________________________________ Sandeep Sharma, J. (Oral) De-linked from CWP Nos. 152, 165, 174, 201, 215, 227, 2701, 2931 and 2940 to 2945 of 2023. Learned counsel representing the petitioner, on instructions of Ms. Neetu Magoo, Manager of the petitioner-Company, states that on account of amicable settlement arrived inter se petitioner-Company and the respondent Shiv Shankar, present petition has been rendered infructuous and accordingly, same may be disposed of. 2. Learned counsel representing the petitioner states that as per the compromise, sum of Rs. 2,20,000/- out of total amount of Rs. 2,56,709/- deposited by the petitioner-Company in the Registry of this Court in terms of interim order dated 11.01.2023 may be released in favour of the respondent and thereafter, parties shall have no claim of any kind against each other. 3. Respondent, who is present in Court, while fairly acknowledging factum with regard to compromise, as detailed hereinabove, states that he has no objection in disposing of the petition in terms of the compromise. 4. Consequently, in view of the above, the present petition is disposed of as compromised. However, it is ordered that sum of Rs. 2,20,000/- out of total amount of Rs. 2,56,709/- lying deposited in the Registry of this Court be released in favour of the respondent, by crediting the same in his saving bank account, details whereof, shall be furnished by learned counsel for the respondent within a period of one week. Amount over and above Rs. 2,20,000/- lying deposited in the Registry of this Court shall be released to the petitioner, and remitted in its account, details whereof shall be furnished by learned counsel for the petitioner within a period of one week. Pending applications, if any, also stand disposed of. January 07, 2025 (Sandeep Sharma), (sunil) Judge 2