Authority: Supreme Court (Special Lok Adalat)
Order Date: 21-08-2026
Case Overview
- Appellant: National Panasonic India Pvt. Ltd. (represented by authorized signatory Mr. Tarun Kumar Sharma).
- Respondent: Mr. Bhupender Sharma, present in person.
- The dispute arises from a Deed of Settlement recorded in the proceedings, wherein the parties agreed on a total settlement amount of ₹50,00,000 (Fifty Lakhs).
- Paragraph 6 of the Deed outlines the payment schedule, which the respondent alleges is incorrectly recorded. He states his intended schedule is:
- ₹5,00,000 (Five Lakhs) payable on or before 30 September 2026.
- The balance ₹45,00,000 (Forty‑Five Lakhs) payable on or before 30 June 2027.
- The respondent contends that the Deed mistakenly states a monthly payment of ₹5,00,000 from October 2026 onward, which he cannot meet because he needs to liquidate property to raise the funds.
- He emphasizes that he intends to settle the entire ₹50 Lakhs by 30 September 2026 and should not be bound by the erroneous monthly installment clause.
Final Outcome
- The Special Lok Adalat, after noting the respondent’s objection to the payment schedule, directed that the matter be listed before the Court on 5 October 2026 for further orders regarding the settlement terms.
Topics: Settlement Dispute, Court Order