THE HON’BLE SRI JUSTICE K.C. BHANU C.C.C.A.No.160 OF 2009 AND C.C.C.A.MP.No.652 OF 2010 JUDGMENT: This appeal, under Section 96 of the Code of Civil Procedure, 1908, is directed against the judgment and decree, dated 05.06.2009, in O.S.No.479 of 2005, on the file of VII Senior Civil Judge, City Civil Court, Hyderabad, whereunder and whereby, the suit filed by the respondent/plaintiff for recovery of amount on the foot of a bill during the business transaction between him and the appellant/defendant, was decreed. 2. Heard both sides. 3. The present suit is decreed for Rs.5,03,002/- (Rupees Five Lakhs Three Thousand and Two only) with future interest at the rate of 18% per annum over the principal amount of Rs.4,80,385/- (Rupees Four Lakhs Eighty Thousand Three Hundred and Eighty Five only), since the transaction between the appellant and respondent is a commercial one. 4. On the advise of the elders, both the parties settled the matter amicably outside the Court and the appellant agreed to pay an amount of Rs.3,50,000/- (Rupees Three Lakhs Fifty Thousand only) by way of Demand Draft towards full satisfaction of the impugned decree to the respondent - industry, for which the proprietor of the respondent – industry, Sri Omprakash Baldava, has stated that he is voluntarily agreeing to receive the amount of Rs.3,50,000/- by way of Demand Draft for full and final settlement of the impugned decree. In view of the terms of compromise entered into between the parties, there is no impediment in recording the compromise. Today, the proprietor of the respondent – industry, Sri Omprakash Baldava, by way of Demand Draft, received an amount of Rs.3,50,000/- (Rupees Three Lakhs Fifty Thousand only) from the appellant. Hence, the compromise is recorded and the suit is decreed in terms of the compromise. In view of the compromise, the impugned judgment and decree of the trial Court are set aside. 5. Accordingly, the C.C.C.A.MP. is ordered and the C.C.C.A. is disposed of. There shall be no order as to costs. _______________ K.C. BHANU, J November 19, 2010 MD IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD FRIDAY, THE NINETEENTH DAY OF NOVEMBER TWO THOUSAND AND TEN PRESENT THE HON'BLE SRI JUSTICE K.C. BHANU C.C.C.A.No.160 OF 2009 AND C.C.C.A.MP.No.652 OF 2010 Between: Sri Srinivasa Oil Traders .....APPELLANT AND M/s. Ambika Oil Industries and Mills ....RESPONDENT The Court made the following: THE HON’BLE SRI JUSTICE K.C. BHANU C.C.C.A.No.160 OF 2009 AND C.C.C.A.MP.No.652 OF 2010 November 19, 2010