1 s-1525-81 mmj IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUIT NO.1525 OF 1981 Syndicate Bank ....Plaintiff V/s. M/s. Ahmed Woollen Mills & Anr. ....Defendants Mr. Shantaram Sukar Dumade, Manager of Plaintiff Bank present Mr. S.P. Kanuga for the Defendants CORAM : R.M. SAVANT, J. DATE : 17TH MARCH, 2011. P.C. :- 1 The Learned Counsel appearing for the Defendants tenders letter bearing No. Ref:133/ARMB/S-1/PSS/2011 dated 26-2-2011, addressed by Mr. P.H.Shenoy, Chief Manager to one Mr. Kanwar Vilas Raj Nath and Mr. Kanwar Veerajan Raj Nath who are the legal heirs of Mr. Rai Bahadur Kanwar Raj Nath proprietor of Defendant No.1-M/s. Ahmed Woollen Mills. By the said letter, the bank has accepted that an amount of Rs.1477.23 lacs has been paid by the Defendants towards OTS. The break up of the said amount has also been mentioned in the said letter. The Learned Counsel for the Defendants also tenders the preceipe dated 1-3-2011 which is signed by the Defendant No.2(a) and the Defendant No. 2(b), as also by the Learned Counsel for the Defendant Shri Kanuga and which is endorsed by the officer of the Syndicate Bank, ARM Branch, 2 s-1525-81 Mumbai. By the said precipe, the parties have inter alia agreed that the sum of Rs.11,12,705/- with accrued interest thereon which is lying in deposit in the above suit, be paid over to the Plaintiff bank. 2 On behalf of the Plaintiff Shri Shantaram Dhumade, Manager, Asset Recovery Management Branch, is personally present and he is identified by his identity card issued by the Bank as well as his PAN card. Shri Dhumade states that the letter dated 26-2-2011 as also the precipe dated 1-3-2011 has been signed by the Chief Manager Shri P.S.Shenoy. 3 In view of the out of Court settlement as evidenced by the aforesaid two letters, the suit to stand disposed of as withdrawn. The Prothonotary and Senior Master to act upon the minutes of this order and release the said amount of Rs.11,12,705/- with accrued interest thereon to the Plaintiff Bank. The said two letters are taken on record and marked “X” and “Y” for identification. The Plaintiff would be entitled to return of Court Fees as per rules. (R.M.Savant, J.)