Authority: Supreme Court Special Lok Adalat
Order Date: 23-08-2026
Case Overview
- Parties: M/s. Gupta Engineers and Contractors (through partner Rakesh Agrawal) – Petitioners; M/s. Panchsheel Infratech Pvt. Ltd. – Respondent.
- Origin: Appeal against final judgment and order dated 23-02-2026 (MUA227 No. 13910/2025) of the High Court, Allahabad, concerning a Section 138 Negotiable Instruments Act case.
- Trial Court had ordered interim compensation of Rs 1,27,85,159, which was deposited with the Registry of the Supreme Court Special Lok Adalat.
- Settlement reached on 18.08.2026: Petitioners agree to pay Rs 1,90,00,000 to the respondent as full and final settlement.
- Payment structure: Rs 1,27,85,159 (interim amount) to be released by the Registry to the respondent with any accrued interest; remaining Rs 62,14,841 to be paid via two post‑dated cheques already acknowledged by the respondent.
- The respondent is required to furnish bank account details within three days for the transfer.
Final Outcome
- The Registry is directed to release Rs 1,27,85,159 plus interest to M/s. Panchsheel Infratech Pvt. Ltd. within two weeks.
- Petitioners will transfer the released amount to the respondent within one working day, and the post‑dated cheques will be presented and encashed in due course.
- All pending Section 138 proceedings before the Trial Court are to be closed, and the Registry will communicate this to the Trial Court for formal closure.
- The Special Leave Petition is disposed of, and the award is drawn accordingly.
Topics: Legal Settlement, Negotiable Instruments