1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE Writ Petition No.8340 of 2005 Force Motors Ltd. (Formerly known as Bajaj Tempo Ltd.) Petitioner Vs. Mr.V.G. Swami Respondent Mr.Mahesh Londhe i/b. M/s.Sanjay Udeshi & Co. for petitioner. Mr.L.T.Satelkar for respondent. CORAM: B.H.MARLAPALLE, J. March 18, 2008 P.C. . During the pendency of this petition the parties have arrived at a settlement and the terms of the said settlement have been reduced in writing as Consent Terms. The same is taken on record and marked as "X" for identification. . As per the settlement terms between the parties, the petitioner - company has agreed to pay a total sum of Rs.7 lacs towards the full and final settlement and all claims of the respondent - workman pursuant to the impugned award dated 20/8/2005 passed 2 in Reference (IDA) No.172 of 1984. On receipt of the said amount the respondent - workman has agreed to give up all his claims like reinstatement, backwages and all other financial dues. As per the order passed by this Court on 27/3/2006 an amount of Rs.5,96,877/- has been deposited with the Registry of this Court and the same has been invested in fixed deposit, which has been renewed from time to time. The said amount along with interest accrued thereon is allowed to be withdrawn by the workman and the balance amount so as to make the total of Rs.7 lacs shall be paid by way of demand draft to the workman within one week from today. These terms are binding on both the parties and the Consent Terms are hereby accepted as a settlement under Section 2(p) read with Section 18 of the Industrial Disputes Act, 1947. . The learned counsel for both the parties pray for disposal of the petition in terms of the Consent Terms and the impugned award will stand modified in terms of the settlement. . Hence the petition is partly allowed and the impugned award stands modified in terms of the above settlement signed between the parties. 3 . Rule is made absolute accordingly with no order as to costs. (B.H.MARL