IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.5011 of 2007 1. M/S LISA CHEMICALS LIMITED INDUSTRIAL AREA, HAZIPUR THROUGH ITS DIRECTOR DR. AJAY KUMAR RAM, 93/A R.K. AVENUE RAJENDRA NAGAR, PATNA-16 2. DR. AJAY KUMAR RAM, S/O DR. SHISHUPAL RAM 93/A R.K.AVENUE RAJENRA MAGAR.PATNA-- PETITIONERS Versus 1. BIHAR STATE FINANCIAL CORPN.THROUGH ITS MANAGING DIRECTOR,FRASER ROAD, PATNA 2. MANAGING DIRECTOR, BSFC, FRAZER ROAD, PATNA 3. BRANCH MANAGER BSFC, PATLIPUTRA BRANCH INDIRA BHAWAN, PATNA 4. AUTHORISED OFFICER-CUM-DY. MANAGER (ZV) BSFC, FRAZER ROAD, PATNA 5. DY. MANAGER BSFC, FRAZER ROAD, PATNA-----RESPONDENTS ----------- 2 15.2.2010 Heard learned counsel for the parties. The background to the present dispute need not be recorded in detail in the present order in view of the stand of the respondents stated in the counter affidavit. The basic fact however is that the settlement is arrived at between the parties under One Time Settlement Scheme and the order in this regard is reflected in the decision dated 22.11.2006 contained in annexure- 1 to the writ application. The issue however is with regard to the demand made in terms of clause-4 of OTS Scheme. The petitioner has already deposited Rs. 4. 40,000/- on 31.8.2007 against the settlement amount of special capital and interest at the rate of one percent on 5.9.2007. Despite such payment documents are not being released and no dues certificate is not being issued in favour of the petitioner. The stand of the respondents is that even a Title Suit against the Corporation has been filed by the petitioners which is pending. They have claimed therein for damages and for - 2 - other losses which the Corporation is alleged to have caused to the petitioners and that is the only hurdle in closing the account with the Corporation. The response of learned counsel for the petitioner is that the Title Suit has not been withdrawn in absence of categorical stand of the respondents on the issue. Now they have certified that there are no outstanding dues and no other dispute pending between the parties and the only impediment is pendency of the Title Suit. This writ application stands disposed of with a direction to the petitioner that he shall now withdraw the Title Suit in question without any condition and the moment the order of withdrawal is furnished to the respondent-Corporation they shall issue no objection certificate within a week to the petitioners. The issue is settled in the light of the above order. This writ application is disposed of with the above direction. RPS (Ajay Kumar Tripathi,J.)