1 5.ss-2859-06 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi SUMMARY SUIT NO. 2859 OF 2006. Syndicate Bank. ..Plaintiff. vs. Uday Mehta & Anr. ..Defendants. .... Mr. S.R. Shetty, for Plaintiff. Mr. K. M. Sangavi, for Defendant Nos. 1 & 2. Mr. R. Venkatachala, Senior Manager of Plaintiff, present. Mr. Himanshu Mehta, Defendnat No.2, present. .... CORAM : S.J. KATHAWALLA, J. DATE : 26TH JULY 2011. P.C. : Heard the learned Advocates appearing for the parties. The Defendant Nos. 1 and 2 are present in Court. Mr. R. Venkatachala, Senior Manager of the Plaintiff-Bank is also present in Court. By consent of the parties, the following order is passed :- (i) The Suit is decreed in terms of prayer clause (a). However, the decree shall be marked satisfied upon the Defendants making payment of Rs.2,25,000/- to the Plaintiffs as follows : (a) An amount of Rs. 55,000/- shall be paid by the Defendants to the Plaintiff within a period of one week from today. (b) The balance amount of Rs.1,70,000/- shall be paid by the Defendants in six monthly installments payable on or before 10th of each month commencing from 10th August 2011. The first five installments shall be of Rs. 28,000/- and the last installment i.e. the sixth installment shall be of 2 5.ss-2859-06 Rs.30,000/-. (ii) In the event of the Defendants committing a single default, the entire amount as decreed shall become due and payable by the Defendants to the Plaintiffs and the Plaintiffs shall be entitled to execute the decree against the Defendants. (iii) In the event of the Defendants making payments as set out in clause (i) above, the Plaintiffs shall have no claim of whatsoever nature against the Defendants. (iv) In view of this order, the above Suit as well as the Summons for Judgment No. 144 of 2010 stands disposed of. [ S.J. KATHAWALLA, J. ]