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IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO.1761/2020
EMAAR MGF LAND LTD. Appellant(s)
VERSUS
ANILA JAIN Respondent(s)
O R D E R
In pursuance to the mediation, a settlement agreement
has been filed before us dated 20.04.2021 duly signed
by the parties, counsels and the Mediator.
In terms of the settlement, the appellant company has
agreed to pay a lumpsum refund to the respondent of
Rs.1,65,50,000/- (One crore sixty five lakhs fifty
thousand only) which is stated to have been since paid
and the details of the drafts for the same have been
set out in para 3 of the settlement agreement. The
appellant company had deposited a sum of
Rs.1,15,00,000/-(One crore fifteen lakh) in this Court
in pursuance to an order dated 14.02.2020 and that
amount along with accrued interest earned thereon is to
be released to the appellant.
The flat buyers agreement stands terminated and all
claims of the respondent in terms of the aforesaid
payment made are towards full and final satisfaction of
the claims of the respondent.
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We accept the aforesaid settlement and parties will
remain bound by the same. The settlement agreement is
in substitution of the impugned judgment.
The appeal is disposed of as compromised in terms of
the settlement agreement which shall form part of the
order. The parties to bear their own costs.
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