THE HOM’BLE SRI JUSTICE B.SESHASAYANA REDDY C.P.No.10 OF 2011 ORDER Learned counsel appearing for both the counsel states that the disputes between the parties have been settled amicably and in terms of the settlement, the respondent agreed to pay Rs.1,80,00,000/- towards discharge of the liability including Rs.50 lakhs which has been paid today towards full satisfaction of the amount due to the petitioner-company, who in turn undertake to withdraw all the cheque bouncing cases as well as criminal cases relating to the liability which is subject matter of this company petition. Schedule of payment of money has also been informed to the Court. As per the schedule arrived at between the parties, Rs.50 lakhs is to be paid by the respondent to the petitioner on or before 31st August, 2011, Rs.50 lakhs is to be paid on or before 30th September, Rs.30 lakhs is to be paid on or before 31st October, 2011. Learned counsel appearing for the respondent also states that post-dated cheques will be handed over as per the schedule indicated above to the petitioner during this week. In view of the above referred settlement, learned counsel appearing for the petitioner seeks permission to withdraw the company petition. In that view of the matter, the company petition is dismissed as withdrawn. __________________________ B.SESHASAYANA REDDY,J rkk Dated: 25-7-2011