1 mst IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.7 OF 2011 M/s.Suresh Steel Corporation Petitioner versus M/s.Ispat Infrastructure (I) Pvt.Ltd. Respondent Jyostna Pandhi i/by Mahesh Jani & Co. for petitioner. Mr.Sanjay R. Hantwal for respondent. CORAM : S.J.KATHAWALLA, J. DATE : 1st July 2011 PC : 1. Following order is passed by consent of the parties :- (a) The respondent company agrees and undertakes to pay Rs.4.00 lakhs to the petitioner in full and final settlement of the petitioner’s claim against the respondent company. The respondent company hands over seven post dated cheques to the petitioner, all drawn on Oriental Bank of Commerce, Vashi Branch, Navi Mumbai, the particulars whereof are as follows : Dates of cheques Amount of cheque 2.7.2011 Rs.1,00,000/- 16.7.2011 Rs. 50,000/- 30.7.2011 Rs. 50,000/- 13.8.2011 Rs. 50,000/- 27.8.2011 Rs. 50,000/- 10.9.2011 Rs. 50,000/- 24.9.2011 Rs. 50,000/- 2 (b) In view of the above, the company petition stands disposed of; (c) However, in the event of any of the above cheques being dishonoured, the company petition shall once again stand revived without reference to this Court and shall stand admitted and made returnable within eight weeks from the date of default and advertised by the petitioner in two local newspapers namely `Free Press Journal' (in English) and `Maharashtra Times' (in Marathi) and in Maharashtra Government Gazette; (d) In the event the respondent company commits any default in payment as above, the petitioner shall deposit Rs.10,000/- within a period of two weeks from the date of such default towards advertisement charges failing which the petition shall stand dismissed. (S.J.KATHAWALLA, J.)