BEFORE THE LOK ADALAT ORGANIZED BY THE KERALA HIGH COURT LEGAL SERVICES COMMITTEE PRESENT : THE HONOURABLE MR. JUSTICE M.M.PAREED PILLAY (RETD.CHIEF JUSTICE, HIGH COURT OF KERALA) & THE HONOURABLE MR. JUSTICE T.K.CHANDRASEKHARADAS (RETD. JUDGE, HIGH COURT OF KERALA) WEDNESDAY, THE 30TH JULY 2008 / 8TH SRAVANA 1930 FAO.No. 318 of 2007() --------------------- (E.A.No.652/05 IN E.P.No.141/04 IN O.S.NO.52/02 OF PRINCIPAL SUB COURT, IRINJALAKUDA) ....................... APPELLANT/PETITIONER/2ND JUDGMENT DEBTOR/2ND DEFENDANT: --------------------------------------------------------------------------- ARJUNAN, AGED 55, S/O. CHERUMADATHIL KUNJITTY, VARANTHARAPPILLY VILLAGE, MATTIL DESOM, MUKUNDAPURAM TALUK. BY ADV. SRI.G.SREEKUMAR (CHELUR) RESPONDENT/RESPONDENT/DECREE HOLDER/PLAINTIFF: ---------------------------------------------------------------- ORION KURIES AND LOANS (P) LTD., THRISSUR. BY ADV. SRI.K.A.SATHEESA BABU THIS FIRST APPEAL FROM ORDERS HAVING COME UP FOR DETERMINATION AT LOK ADALAT ON 30/07/2008, AND THE PARTIES HAVING SETTLED THE MATTER, THE FOLLOWING AWARD IS PASSED IN TERMS OF SETTLEMENT: F.A.O.No.318/2007 2 I.A.No.4086/2007 IN F.A.O.No.318/2007 CLOSED. Sd/- M.M.PAREED PILLAY (RETD.CHIEF JUSTICE, HIGH COURT OF KERALA) Sd/- T.K.CHANDRASEKHARA DAS (RETD.JUDGE, HIGH COURT OF KERALA) 30/07/2008 TRUE COPY P.A.TO JUDGE JUSTICE M.M.PAREED PILLAY (RETD.CHIEF JUSTICE,HIGH COURT OF KERALA) & JUSTICE T.K.CHANDRASEKHARA DAS (RETD.JUDGE, HIGH COURT OF KERALA) =========================== F.A.O. No.318 of 2007 ============================ Dated this the 30th day of July, 2008 AWARD Appellant's son Sri.Preman, who is the first judgment debtor, present. Respondent and his counsel are also present. We have discussed with the appellant and respondent and the counsel who are present. The appeal is filed for setting aside the sale of the property. After discussion, both parties have agreed to settle the matter as follows: The sale can be set aside and the property will be restored to the appellant to his possession on condition of the appellant paying an amount of Rs. 3,00,000/- (Rupees three lakhs only) to the respondent. Out of Rs. 3,00,000/- the appellant shall pay an amount of Rs.1,00,000/-(Rupees one lakh only) on or before 30.08.2008 and the balance amount of Rs.2,00,000/-(Rupees two lakhs only) will be paid to the respondent on or before 30.11.2008. F.A.O.NO.318/2007 2 The respondent agreed for Rs.3,00,000/-(Rupees three lakhs only) in full and final settlement of their debt. The F.A.O is settled as above. Call on 01.09.2008 for ascertaining initial compliance. M.M.PAREED PILLAY (RETD.CHIEF JUSTICE,HIGH COURT OF KERALA) T.K.CHANDRASEKHARA DAS (RETD. JUDGE, HIGH COURT OF KERALA) dvs