*1* ss1489-09-902 pmw IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUMMARY SUIT NO.1489 OF 2009 Zee Entertainment Enterprises Ltd. ... Plaintiff -versus- Saregama India Ltd. ... Defendant Mr. Prakash Shah i/b. PDS & Associates, Advocates for the Plaintiff. Mr. Chetan Kapadia i/b. Khaitan & Co., Advocate for the Defendant. .............. CORAM : S.C.DHARMADHIKARI, J. Dated : 5th December, 2011 P.C. : 1. The plaintiff and defendant are both companies. The companies state before the court that after mutual discussions and negotiations they have settled the claim in this Summary Suit. The settlement has been reduced into writing. The signatories to these consent terms, which record this settlement, are duly authorised by resolution of the Board of Directors of both the companies. It is stated that if the defendant pays a sum of 51 lacs in the manner set out in the clause 5 of the consent terms, the same will be accepted in full and final settlement of the plaintiff’s claim in the suit. Post dated cheques for this sum have been handed over. There is an undertaking given in Clause 7 that these cheques will be duly honoured on presentation. Thus, the defendant submits to *2* ss1489-09-902 decree in favour of the plaintiff in the aforesaid sum and states that if the cheques are presented they will be duly honoured. The undertaking in that behalf in Clause 7 given to this court is accepted. In the event of default the suit will stand decreed as prayed. Thereafter, the plaintiff can execute the decree in accordance with law. Both parties request that the terms may be taken on record as they settle a business dispute after mutual negotiations and discussions. The terms record the understanding and agreement between the parties throughly and properly. The parties have no complaint in regard to wording of the terms. The authorised signatories confirm their signatures. 2. After perusal of these terms, I am satisfied that they have put an end to the business dispute. They do not violate provisions of law or public policy. The terms are, therefore, taken on record and are marked as ‘X’ for identification. There will be a decree in terms of the consent terms. Refund of court fees shall be granted as per rules. Undertaking in Clause 7 has already been accepted. The order is passed in presence of the authorised signatories of both the plaintiffs and defendants. (S.C.DHARMADHIKARI, J)