:1: IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 6174 OF 2005 WITH CIVIL APPLICATION NO. 3028 OF 2007 Atul Jagdish Khanna ..Petitioner Vs. 1. Mona Atul Khanna and anr. ..Respondents Mr. Anil D’Souza i/by Mr. Anil T. Agrawal for petitioner. Mr. Ashwin Shetye i/by M/s. Khaitan Jayakar and Co. for respondent no.1. Ms. V.S. Mhaispurkar, AGP for respondent no.2. CORAM: B.H. MARLAPALLE, J. CORAM: B.H. MARLAPALLE, J. CORAM: B.H. MARLAPALLE, J. Date : April 08, 2008. Date : April 08, 2008. Date : April 08, 2008. P.C.: P.C.: P.C.: 1. During the pendency of this petition, the parties to the petition have arrived at an amicable settlement to put an end to the matrimonial disputes and the terms of the settlement have been reduced in writing and placed before the Family Court by way of Joint Application. The copy of the said Joint Application is produced today and the same is taken on record and marked "X" for identification. 2. As per the said Joint Application, the :2: petitioner-respondent has agreed to pay an amount of Rs.1,12,50,000/- to the respondent - wife by way of permanent alimony and to each of the two daughters an amount of Rs.56,25,000/- has been agreed to be given. This amount given to the daughters will be invested by the wife in reputed/renowned Mutual Funds and the investment made for the elder daughter Sneha shall have a lock in period of three years i.e. till she attains the age of 21 years and the investment of the younger daughter Maneka shall have an initial lock in period of three years, which would be further extended for another period of three years i.e. till she attains the age of 21 years. In addition, the petitioner-husband shall look after the education, medical expenses which the respondent-mother is required to incur for the two daughters. It has been further agreed that the petitioner shall regularly take out a Mediclaim Insurance Policy for the benefit of the daughters and shall also ensure that the said policies are kept alive. The money lying in ABN Amro Bank, Camp Branch, Pune in Account No. 393819 shall belong to the respondent absolutely and the petitioner shall take all steps to defreeze the said account for :3: that purpose. The liability for payment of income tax on the investment of Rs.2,89,00,000/- in shares during the financial year 2004-05 has been agreed to be taken by the petitioner-husband and he shall indemnify the respondent for the said loss, damage if any. In other terms of the settlement, the properties etc. have demarcated, including the respective shares and undoubtedly, the terms and conditions of the settlement shall be binding on the respective parties. They were married on 20/11/1988 according to the Hindu rites and ceremonies and have been living separately from 10/10/2004. By the said settlement they have agreed to have a divorce by a mutual consent and in fact a decree of divorce has already been granted by the Family Court. 3. Hence, the petition is disposed off in terms of the settlement. 4. Civil Application No. 3028 of 2007 does not survive and shall stand disposed as such. :4: (B.H. Marlapalle,J.) (B.H. Marlapalle,J.) (B.H. Marlapalle,J.)