PAL SINGH PROPRIETOR vs VIPIN GUPTA

Judgment text excerpt

$~60 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 05th May, 2025 + CM(M) 822/2025 & CM APPL. 26903-26905/2025 PAL SINGH PROPRIETOR .....Petitioner Through: Mr. Arjun Natarajan and Mr. Lalit Singh, Advocates versus VIPIN GUPTA .....Respondent Through: Mr. Pulkit Thareja and Mr. Nitish, Advocates CORAM: HON'BLE MR. JUSTICE MANOJ JAIN J U D G M E N T (oral) CM APPL. 26903/2025 & CM APPL. 26904/2025 (exemption) Exemption allowed, subject to all just exceptions. CM(M) 822/2025 & CM APPL. 26905/2025 1. The point raised in the present petition is very short and precise. 2. Since learned counsel for respondent/decree holder also appeared on advance notice, both the sides were requested to find out the possibility of any further amicable settlement and after taking requisite instructions, it has been apprised that the matter has been amicably settled. 3. Petitioner has already suffered a decree on the basis of settlement which had taken place before Mediation Centre. 4. Admittedly, the present outstanding decretal amount is Rs. 6 lacs. 5. Learned counsel for petitioner submits that petitioner/judgment-debtor Pal Singh is ready to make payment of the balance decretal amount in 12 Equated Monthly Instalments (EMI) of Rs. 50,000/- each. The first EMI would be paid by 01.06.2025 and thereafter, the future instalments would also be paid by first of every following month. It is undertaken that in case there is any delay or default in making the payment of any of these 12 instalments, the Signature Not Verified Digitally Signed CM(M) 822/2025 1 By:SONIA THAPLIYAL Signing Date:06.05.2025 16:22:01 decree in question would become executable, forthwith, along with penal interest, as mentioned in the judgment and decree. 6. Learned counsel for petitioner has also submitted