L.N. Mittal, J.@mdashCounsel for the petitioners, after seeking instructions from petitioner No. 1, who is present in person in the Court, states
that petitioners shall pay Rs. 10,00,000/- within one month from today and Rs. 5,00,000/- within next one month thereafter and would clear the
entire balance due amount within one year from today and shall, during this period, pay minimum amount of Rs. 3,00,000/- per month after the
aforesaid two instalments, failing which the revision petition shall be deemed to have been dismissed. Counsel for the respondents expresses his
inability to accept the aforesaid offer citing administrative difficulty.
2. Respondents should be interested in recovering their amount instead of resorting to coercive process, which may take longer time to recover the
due amount. The offer made by the petitioners is very reasonable and fair. It would save the petitioners from coercive process and respondents
would also be able to realize their due amount sooner than later without resorting to litigation or coercive process. Thus, it would serve the ends of
both the parties. Accordingly, the instant revision petition is disposed of in terms of the aforesaid offer made by counsel for the petitioners.