HONOURABLE SRI JUSTICE G. BHAVANI PRASAD COMPANY PETITION No. 121 OF 2010. ORDER: A memo has been ﬁled on behalf of the petitioner by the learned Counsel for the petitioner on instructions stating that in the petition ﬁled for winding up of the respondent-company, on the ground of its failure to pay the lawful debt due to the petitioner, the petitioner agreed to accept payment of Rs.7,00,000/- by the respondent as full and ﬁnal settlement of the amount due. The memo however states that the respondent issued four post dated cheques for Rs.6,26,870/- after deducting T.D.S. amount of Rs.73,130/-. Hence, learned Counsel for the petitioner submitted that in pursuance of the compromise memo, Company Petition may be disposed of as not pressed while giving liberty to the petitioner to approach the Court in the event of dishonour of post dated cheques issued by the respondent. Copies of the four post dated cheques are also enclosed. Heard Sri R.Raghunandan, learned Counsel for the petitioner. In the light of the contents of the memo, the Company Petition is dismissed as not pressed with liberty to the petitioner to pursue remedies available to her under law in the event of dishonour of post dated cheques issued by the respondent. ------------------------------------------------ JUSTICE G. BHAVANI PRASAD 5th SEPTEMBER, 2010. Msnr.