IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.R. No.2231 of 2004. Date of decision:- 25.03.2009. M/s Kapoor Chand Ramditta Mal ...Petitioner Versus Ishwar Singh and others ...Respondents CORAM: HON'BLE MR. JUSTICE JASWANT SINGH Present:- Mr. P.K. Gupta, Advocate for the petitioner. Mr. Raj Mohan Singh, Advocate for the respondents. JASWANT SINGH J.(Oral) In the present revision petition filed under Article 227 of the Constitution of India, prayer has been made by the Judgment Debtor for quashing the order dated 09.03.2004 (Annexure P-1) passed by learned Additional Civil Judge (Senior Division), Kurukshetra whereby his objections to the execution of a decree for recovery of Rs.1,45,000/- as principal amount alongwith interest passed in favour of respondent-decree holder, were dismissed. During the pendency of the present revision petition, it is not disputed that the petitioner-Judgment Debtor has by way of instalments paid a sum of Rs.1,45,000/- towards the principal amount. It is also not disputed between the parties that a sum of Rs.5,000/- towards principal amount and Rs.1,12,000/- towards interest is outstanding as on today. Learned counsel for the petitioner, on instructions from the petitioner Ramditta Mal, who is present in the Court states that the petitioner undertakes to pay to the respondent-Decree Holder a total sum of C.R. No.2231 of 2004 -2- Rs. 1,00,000/- as full and final settlement qua the outstanding amount and further undertakes to pay the same by way of four equated instalments. Learned counsel for the respondent, on instructions from respondent Ishwar Singh, who is also present in the Court accepts the aforesaid proposal. Accordingly, the present revision is disposed of with the direction that Ramditta Mal son of Kapoor Chand, on behalf of petitioner firm shall pay in cash or by way of demand draft a sum of Rs.25,000/- each in four equated instalments. The first instalment shall be paid on or before 25th of April, 2009, second instalment shall be paid on or before 25th of June, 2009, third instalment shall be paid on or before 25th of August, 2009 and the last instalment shall be paid by 25th of December 2009 towards full and final settlement. Learned counsel for the petitioner further states that the petitioner has undertaken tobe bound by condition that in case he fails to adhere to the aforestated schedule of payment, he shall be liable to pay the total amount as found due and recoverable on that day in terms of the decree. With the aforesaid directions, the present revision petition is disposed of. March 25, 2009 (JASWANT SINGH) vj JUDGE