IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA. Civil Suit No. 80 of 2008. Decided on: 13th September, 2010. The H.P. State Cooperative Bank Ltd. & another. …Plaintiffs. -Versus- The Orissa Small Industries Corporation Ltd. & Others. …Respondents. Coram: The Hon’ble Mr. Justice Rajiv Sharma, Judge. Whether approved for reporting?1 No. __________________________________________________________ For the plaintiffs. : Mr. Janesh Gupta, Advocate. For defendants No. 1 and 2. : Mr. Suneet Goel, Advocate. ---------------------------------------------------------------------------------------- Rajiv Sharma, Judge (Oral): It is jointly represented by the parties that the matter has been compromised in view of the resolution No. 12 passed in the 342nd meeting of the Board of Directors of the plaintiff-Bank held on 27.07.2010, which reads thus: “The Members of the Board considered the offer of the Managing Director, Orissa Small Industries Corporation in respect of Bank’s investment of Rs.3.00 crore in 13.75% OSIC Bonds 2005 and resolved to accept the payment of Rs.340.00 lakh in lump-sum (comprising Principal amount Rs.300.00 lakh, interest of Rs.36.65 lakh @ w.e.f. 01.01.2003 to 15.03.2005 and legal expenses of Rs. 3.35 laks) in view of the financial crises being faced by the OSIC. It was further resolved that the Hon’ble High Court of Himachal Pradesh be apprised accordingly and issue be resolved/settled.” 1 Whether the reporters of the local papers may be allowed to see the judgment? No. 2. In sequel thereto, the present Civil Suit is rendered infructuous. Accordingly, the suit is disposed of as infructuous, so also the pending application(s), if any. However, it is made clear that the plaintiff is entitled to refund of Court fee as per the rules. (Rajiv Sharma) Judge 13th September, 2010. (bhupender)