N.K. RAJGARHIA vs M/S.MAHAVIR PLANTATION LTD. .

The Supreme Court addressed the interpretation of a consent order in a civil dispute regarding the recovery of a sum of Rs. 75 lakhs. The Court held that upon dishonor of cheques as per the consent order, the entire remaining balance becomes payable immediately, allowing the decree holder to execute the decree. The Court emphasized that extensions for payment should not be granted lightly, and the previous decision in Smt. Periyakkal v. Smt. Dakshyani was referenced to underline the principle of justice in enforcement of consent orders.