1 sj-460-09 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi SUMMONS FOR JUDGMENT NO. 460 OF 2009 IN SUMMARY SUIT NO. 106 OF 2007. Bank of India. ..Plaintiffs. vs. Sandip Vasant Pednekar. ..Defendant. .... Mr. O.A. Das, for Plaintiffs. Mr. P. L. Mahadik, for Defendant. .... CORAM : S.J. KATHAWALLA, J. DATE : 4TH AUGUST 2011. P.C. : The following order is passed by consent of the parties : (i) The Defendant agrees to pay an amount of Rs. 3,24,000/- to the Plaintiff-Bank in full and final settlement of the claim of the Plaintiff-Bank against the Defendant. (ii) The said amount of Rs. 3,24,000/- shall be paid by the Defendant to the Plaintiff Bank in 12 equal installments of Rs. 27,000/- commencing from 5th September 2011 and thereafter paid every subsequent month on or before 5th of each month. The last installment shall be paid on or before 5th August 2012. (iii) In the event of any default, the entire decreetal amount as claimed in the Suit shall become due and payable by the Defendant to the Plaintiff and the Plaintiff shall be at liberty to take out execution proceedings to recover the said amount from the Defendant. (iv) Upon payment of the said amount of Rs. 3,24,000/- as stated in clause (i) above, the Plaintiff-Bank shall have no claim of 2 sj-460-09 whatsoever nature against the Plaintiff. 2. The Suit is accordingly disposed of. The Summons for Judgment also stands disposed of. Refund of Court fees, if any, as per Rules. [ S.J. KATHAWALLA, J. ]