B Serial Date Order with Signatu.re Offic.e Note as to No. of of action (if any) `vr order Order taken on Order 8I 25-4.2tj 5 Ileard M. N. Rai, leained counsel for {lie +-n petitioners, M. N.G. Sherpa, learned counsel for respondent No.1 and M-. Kinna Tliinlay, leaned counsel. for respondent No.2. At the very outset, the 1equied counsel for the parties strbmitted at the bar that the parties liad settled the matter aipicably outside tlie Court and as sucl+ tliey made a prayer for final disposal of tlie present writ Petition in terms of the letter written by the respond6ht No.1 throtlgh its 'Geperal Manager, Mr. R. Sliarma, vide letter No.TF/GC/661/2005-1749 dated ilt]] April, 2005 as in Annexure-2 to the. writ petitich. Tlie said letter dat?d llth April, 2005 as in Am'exure-2 is relevant and. important as such it is liereby formed as part of the record and, the same is reprodu.ced as }iereunder:- 311j'I SEAL "TOURISM FINANCE CORPORATION OF INDIA LTD . 5u` Floor, IFCI Tower, 61, N51im place, New Dell]i-110019.IN DUPLICAiE No.TF/GC/66Ti/2005-1749 April 11, 20b5., rcl„ ``\y , (. iiil _. •`=J~_ SerialNo.ofOrder DateofOl.der Order with Signature OfficeNotea aaction(ifany)takenonorder ? -r,a- The Managing Director y`- Teesta Rangit Pvt.Ltd. Shyari, Gangtok Sikkim-737101DearSir,Re:Settlement c>fdues ofvour account with usWerefertothediscussionwehadwithyou today and also your letter dated April 11, 2005 on the abov'e subject. 2. In this regard, we are, as a special case, agreeable to accept an amount of Rs.453.00 laldis towards full and final settlement of dues payable as indicated in your letter referred to above. However, you have to issue post dated cheques for the monthly instalment payable in our favour. 3. We are sendingthis letter in duplicate. Please return the duplicate copy of the letter duly signed by tlie authorised Director of the company, as a token of its acceptance. 4. Please acknowledge receipt. Yours faithfully, Sd/- Qi. Sharma) General Manager Encl: As stated"Sinilarly,theoffice letter dated 11-4-2005 and 12-4- 2004 ;s in Annexure-1 and Annexure-.3(Colly) are also relevant and as sucli these are also fonned aspartoftherecordandthesamearequotedbelow:-\ J`r cfi, Sir:€- --I Serial Date Order with Signature Office Note as toaction(ifany) •} NO. OfOrder lofOrder taken on Order I IIIII chnexure-1. \i:I SEAI, "TEESTA RANGIT PVT. LTD. SHYARI, GANdTOK, SIKKIM-737 101April11,2005. E]::I:shmairFTn=n::%¥xp=:a¥oE¥]6;c:::Ltd. 5th Floor IFCI Tower 61, Nehiu Place NEW.DELHI-110019. Sir, Sub: Settlement of our ac`c6int under One ' Time Settlement. We refer to the discussi.ori tli`e undersigned had ;r`juFecyt°huadt:£::If}end¥::;°ig]S::§§£:eeb¥ep#n]9nd;ati]: we are riot able to settle the dubs. However, to have good rel`ations with the' Institutibh, we are agreeabletosettlethematterbypay'ing`3youariamquntof Rs.453.00 1akhs towards full add final settlement of the dues. The ampurit would be Paid as under: -R§.113.00 lakhs would be bai[d immediately on redeiptQfyourcoprmuini.cation.-Rs.}40.00lalchbywayof34in6htbly installpent of %sg]±::£;+¥gbo,ia:?awy:t;hTf02q;5:&n;y:n;e;::]tt]qonnf]:i:: £n{heifi]gEnHg£;i:I:Out. Youl`s faithfully,{S:#:|i-S.R.§ubba) BRECTOR I i-icysl Order with Signature Received. For Tourism Finance Corporation of India Ltd., New Dellii Sd/- R.N. JHA . 11-4-05 Assistant General Manager(Law)" Armexure-3(Colly) SEAL "TEESTA RANGIT PVT. LTD. SHYARI, GANGTOK, SIKKM-737 101 Dated: 12th April 2005 The Chairman and Managing Director Tourism Finance Corporation of India Ltd. 5tl] Floor, IFCI Tower 61, Nelrm Place NewDelhi-110019 Sub: Settlement of Account Sir, ¥][4:iu::::±eonl:1:a:tg%p3¥:I:2a:]e6d;t,erT!gtha°SeTAF:i;gc:;;;:5::8fi:: Rs.1,13,00,000/- Rupees one crore thirteen lacs only) as per schedule according to your acceptance of settlement. Kindly acknowledge the receipt. Tlianking you Yours faithfully For TEESTA RANGIT PVT. LTD. Sd/-@IRECTOR) Encl. a/a" Received. For Tourism Finance Corporation of India Ltd., New Delhi. ldrf`` Office Note as to action (jf any) ? taken on Order i_Serial Date Order with Signature Office Note as to No. of of action (if any) I Order+ Ordel. taken on Order I IIIII \ Sd/- R.N. JHA 12-4-05 Assi start General Manager(Law)"Accordingtome,thisCourtneed not go inore intodrrL ¢£tal as suffice is made with tlie above settlement - between the parties to dispose of this writ petition and accordingly, it is disposed offinally. However, it is made clear that if eitlier of the parties failed to abide or comply with the terms and tlie conditions set forth as mentioned above, the parties are at liberty to approac]i this Court for ventilating their grievances if so advised. Tliis Court appreciate the attempt and endeavour made by the parties for their settlement ainicably outside the Court and in view of it, such appreciation is kept on record. The case is fmally disposed of with the above observations. C., \ grhiesf±u%¥ASc¥:FT