IN THE HIGH COURT OF JUDICATURE AT PATNA LPA No.735 of 2009 1. THE BIHAR STATE CREDIT &INVESTMENT Corporation Limited 4th Floor, Indira Bhawan, R.C. Singh Path, Patna through its Managing Director. 2. The Managing Director, The Bihar State Credit & Investment Corporation Limited, 4th Floor, Indira Bhawan, R.C. Singh Path, Patna. 3. Asstt. Manager (OTS. Cum Legal), The Bihar State Credit & Investment Corporation Limited, 4th Floor, Indira Bhawan, R.C. Singh Path, Patna ----------Appellants. Versus M/S CHANDAWAT UDYOG(CYLINDERS) Ltd. a company incorporated under the Indian Companies Act, 1956 having its factory at Lalgarh, P.O. Madhupur, Jharkhand, through its Managing Director, Tarun Kumar Agarwal, son of Radhey Shyam Agarwal, resident of 154 Cotton Street, Kolkata-700007.-----Respondent ----------- 9. 14.12.2010 Having heard learned counsel for the parties, we, for the reasons mentioned in I.A. no.3454 of 2009 and in absence of any counter affidavit, allow the prayer for condoning the delay of filing of this appeal. Learned counsel for the parties in course of making their submissions have also agreed for disposal of this appeal in the light of understanding arrived at between them. Learned counsel for the appellants has submitted that even if one time settlement was accepted, the respondent-writ petitioner would be liable to pay a sum of Rs.11,75,897/- towards interest and a sum of Rs.1 lac towards cost of litigation i.e. a total of sum of Rs.12,75,897/-. Learned counsel for the respondent-writ 2 petitioner after obtaining instructions has also fairly submitted that the aforesaid amount will be paid by the Respondent-writ petitioner within a period of three months in three instalments, the first one being of Rs.5 lacs by 15.1.2011 and the second one of Rs.4 lacs by 15.2.2011 so that remaining amount of Rs.3,75,897/- is cleared by way of third and last instalment on or before 15th March 2011. This Court in view of agreement between the parties would direct that after the aforementioned amount is paid, by respondent-writ petitioner, to the respondent-Corporation, the latter will close the chapter and issue a no due certificate to the respondent- writ petitioner within a period of one week of such payment. With the aforesaid observation and direction this appeal is disposed of. Sudip ( T. Meena Kumari, J.) ( Mihir Kumar Jha, J. )