SMT. H.B. USHA versus D.S. RAMACHANDRA

SMT. H.B. USHA versus D.S. RAMACHANDRA

The Supreme Court accepted and enforced the amicable settlement between the parties regarding disputes in the partnership firm, including payment for relinquishment of share, withdrawal of connected legal proceedings, transfer of documents, and alteration of firm ownership.

Source-derived case information.

Parties
Appellant: SMT. H.B. USHA; Respondent: D.S. RAMACHANDRA
Jurisdiction
India
Judgment Date
12 December 1994
Procedural Posture
Civil Appeal / Final Order
Outcome
Appeal disposed of in terms of settlement. No costs.
Legal Topics
Settlement of Partnership Disputes, Disposition of Civil and Criminal Proceedings
Partnership Settlement of Partnership Disputes Disposition of Civil and Criminal Proceedings

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Parties

SMT. H.B. USHA

Appellant

D.S. RAMACHANDRA

Respondent

Procedural Posture

Civil Appeal / Final Order

Legal Issues

  1. 1 Settlement of disputes between partners in a partnership firm
  2. 2 Withdrawal and disposal of related civil and criminal proceedings
  3. 3 Payment for relinquishment of partnership share

Ratio Decidendi

The Supreme Court accepted and enforced the amicable settlement between the parties regarding disputes in the partnership firm, including payment for relinquishment of share, withdrawal of connected legal proceedings, transfer of documents, and alteration of firm ownership.

Court Disposition

Appeal disposed of in terms of settlement. No costs.

Orders

  • Appellant shall pay Rs. 3,25,00,000 to respondent as consideration for relinquishing half share in partnership.
  • Payment to be made as follows: Rs. 75,00,000 released within seven days, Rs. 50,00,000 deposited within sixty days, and Rs. 2,00,00,000 deposited within four months thereafter or within six months total.