RFA No.196 of 2003 with C.O. No.295 of 2003. 28.02.2011 Present: Mr. Ramakant Sharma, Advocate, for the appellant. Mr. G.D. Verma, Senior Advocate, with Mr. Romesh Verma, Advocate, for respondent No.1. Mr. A.K. Bansal, Additional Advocate General, for respondent No.2. During the course of arguments an offer was given by the learned Counsel for the plaintiff/respondent No.1 to the effect that 50% of the decretal amount which stood released to him alongwith interest be taken as full and final settlement of the claim filed by him and the balance amount may be released to the appellant. In conciliatory efforts made, the matter was taken up on 16th November, 2010 and 21st December, 2010 in the presence of Shri G.K. Gautam, Deputy Manager (Law). A request was made to place it before the competent authority, i.e., Board of Directors, through Director (Personnel). Thus the request was allowed and the offer given by respondent No.1/ plaintiff was considered at the appropriate level and the learned Counsel for the appellant informed the Court that it has been agreed and he has instructions to make a statement before the Court. Thus, the statements of the learned Counsel for the appellant as well as that of learned Counsel for respondent No.1 have been recorded separately. The cross-objections are also not pressed. -2- In view of above, in the conciliatory efforts as the matter stands fully and finally settled between the parties as aforesaid, accordingly, the impugned decree passed by the learned trial Court is hereby modified to the extent that 50% of the decretal amount alongwith interest already released to the plaintiff/respondent No.1 be taken as full and final satisfaction of the claim preferred by the plaintiff in the suit. The balance amount which stands deposited in the Registry be refunded to the appellant alongwith interest accrued thereon by remitting the same into the bank account number of the appellant-concern, to be furnished by the learned Counsel. The Cross-Objections are dismissed as not pressed. The appeal stands disposed of in the above terms and impugned decree stands modified accordingly. Parties to bear their own costs. February 28, 2011. (Surinder Singh), J. (rc)