1 cp-100-11 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi COMPANY PETITION NO. 100 OF 2011. Network Advertising Private Limited. ..Petitioners. vs. Hakoba Lifestyle Limited. ..Respondent. .... Mr. Bhandary, i/b. Bhandary & Bhandary, for Petitioners. Mr. Sunil Patel, i.b. Sunil & Co., for Respondent. .... CORAM : S.J. KATHAWALLA, J. DATE : 22TH JULY 2011. P.C. : The following order is passed by consent of the parties :- (i) The Respondent Company shall pay an amount of Rs. 36 lacs to the Petitioner in full and final settlement of their claim. (ii) The said amount of Rs. 36 lacs shall be paid in 12 equal installments of Rs. 3 lacs each commencing from 10th August 2011 and the subsequent installments on or before 10th of each subsequent month. The Last installment of Rs. 3 lacs shall be paid on or before 10th July 2012. (iii) In the event of the Respondent Company committing any default in any of the aforestated 12 installments, the Company Petition shall revive without reference to this Court. The entire amount as claimed shall forthwith become due and payable by the Respondent Company to the Petitioner and the Company Petition shall stand admitted and made returnable within a period of six weeks from the date of default and advertised in two local newspapers, namely, “Free Press Journal” (in English) and in “Maharashtra Times” (in Marathi) and the Maharashtra Government 2 cp-100-11 Gazette. (iv) In case of default, the Petitioner shall deposit an amount of Rs.10,000/- with the Prothonotary and Senior Master of this Court within a period of two weeks from the date of default towards publication charges, failing which the Petition shall stand dismissed without further reference to this Court. (v) Until the above payments are made, the Respondent Company shall not sell, alienate, and/or create any third party rights in its brand ‘Hakoba’. (vi) The Company Petition is accordingly disposed of. [ S.J. KATHAWALLA, J. ]