1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUIT NO. 325 OF 1984 Lakshmi Precision Screws Ltd. & Anr. ... Plaintiffs. V/s. Reshamsingh Brothers & Ors. ... Defendants. Mr. A.M. Vernekar i/b. Narichania & Narichania for the Plaintiffs. Ms. G.V. Parmar for the Defendants. CORAM : S.C. DHARMADHIKARI, J. DATE : 11TH NOVEMBER 2008. P.C. :- Mr. Vernekar appearing for the Plaintiffs states that an offer is made by the Defendants to pay a sum of Rs.2,00,000/- in full and final settlement of the suit claim. That offer was placed before the Plaintiffs and the Plaintiffs have instructed him to make a statement before the Court that the offer is acceptable to them. In such circumstances, he prays that the Suit be taken up forthwith and disposed of by consent of parties. 2 2. Mr. Vernekar further states that he is authorised by the Plaintiffs to inform the Court that the Plaintiffs would accept the payment made by the Defendants in instalments to be determined by this Court and this Court must ensure adequate protection in case of default. 3. The learned Advocate appearing for the Defendants states that one of the Defendant's representative is present in Court and he has instructed her to make a statement that the amount of Rs.2,00,000/- will be paid in five equal instalments of Rs.40,000/- and the first instalment will be paid by 30th November 2008 and subsequent instalment will be paid by 30th of the subsequent month until entire payment of Rs.2,00,000/- is made. If the payment in this manner is made, the amount be accepted in full and final settlement of all the Plaintiffs claims. In default of payment of Rs.40,000/- by 30th November 2008 or any further instalment falling due, then, the suit shall stand decreed as prayed and the Plaintiffs would then be entitled to recover the amount as prayed in the Suit or balance thereof with interest stipulated therein. 3 4. If the amount is paid, the decree to be marked satisfied and nothing further need be paid by the Defendants. 5. This arrangement is recorded by consent of parties and in the presence of their Counsel who have been duly authorised by them to act, appear and plead on their behalf. 6. In such circumstances, the Suit is decreed in the above terms. Refund of Court fees as per rules. No costs. All concerned to act on authenticated copy of this order. (S.C. Dharmadhikari, J.)