:1: pdp IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION FIRST APPEAL NO. 1364 OF 2008 M/s. Ruchi Organizers Pvt. Ltd. and ors. ..Appellants Vs. Sampada Sahakari Bank and ors. ..Respondents Ms. Rajlaxmy Mohandas i/by ALMT Legal for appellant. Mr. Amogh Paralikar for respondent-Bank. CORAM: B.H. MARLAPALLE & D.G. KARNIK,JJ. CORAM: B.H. MARLAPALLE & D.G. KARNIK,JJ. CORAM: B.H. MARLAPALLE & D.G. KARNIK,JJ. Date : March 19, 2009. Date : March 19, 2009. Date : March 19, 2009. P.C.: P.C.: P.C.: 1. As noted in our order dated 12/3/2009 the appellant-company and the respondent-Bank have arrived at an amicable settlement so as to resolve the recovery dispute and consent terms duly signed by both the parties represented through the authorised officers, have been taken on record and marked as "X" for identification. A copy of the Resolution passed by the Managing Committee of the respondent-Bank on 24/2/2009 and a copy of the Resolution passed by the Board of Directors of the appellant-company on 3/3/2009 have been placed before us. The appellant-company has authorised Shri Omprakash :2: Agrawal to sign, institute, initiate or move on behalf of the company to this court for diposal of the appeal on the basis of the consent terms. The Resolution passed by the Bank, on the other hand, clearly states that the balance amount of Rs.45,384/- to be recovered from the appellant came to Rs.60,000/- with 4% interest per annum for the period from August 2002 to February 2009 has been resolved to be settled on receiving the said amount of Rs.60,000/-. It has been further resolved to authorise Shri Subhash Yashwant Rawal to sign the consent terms on behalf of the Bank and appear before this court to pray for disposal of the appeal on the basis of the consent terms. Shri Omprakash Agrawal as well as Shri Subhash Yashwant Rawal are present before us today and they have verified the consent terms. 2. The learned counsel for both the parties pray for disposal of the appeal in terms of a decree to be passed on the basis of the consent terms. The prayer is allowed as we are satisfied that the consent terms are proper, reasonable and in the interest of both the parties. :3: 3. Hence the appeal is partly allowed on the terms set out in the consent terms and we direct the Registry to issue a fresh decree in terms of the consent terms. Parties to bear their own costs. 4. Civil Application No. 3604 of 2008 does not survive and shall stand disposed as such. Interim order, if any, stands vacated. (D.G. Karnik,J.) (D.G. Karnik,J.) (D.G. Karnik,J.) (B.H. Marlapalle,J.) (B.H. Marlapalle,J.) (B.H. Marlapalle,J.)