H.B. USHA vs D.S. RAMACHANDRA

The Supreme Court approved a settlement between Smt. H.B. Usha and D.S. Ramachandra, wherein Usha is to pay Ramachandra a total of Rs. 3,25,00,000 for relinquishing his half share in the partnership firm M/s. Ajax Petro. The payment is structured in installments, with specific timelines for deposit and interest on defaults. The Court also ordered the withdrawal and disposal of all pending civil and criminal suits between the parties, ensuring a complete resolution of their disputes.