Ramakanth V vs Purnima

The Supreme Court, in a matrimonial dispute, upheld a settlement agreement reached between the parties, which included the payment of Rs.40,00,000 and a further Rs.48,35,000 in full and final settlement. The Court directed ICICI Bank to accept Rs.15,00,000 as full settlement of outstanding dues, including waiving penalties and interest. The Court ordered the respondent to pay Rs.9,00,000 to the Bank within a week and the appellant to pay Rs.6,00,000 within eight weeks, ensuring the loan status is marked as 'settled as paid in full'.