We are happy to note that during the course of hearing, the parties have decided to amicably settle the dispute, subject matter of the Appeal.  As per the said settlement, the Appellants shall refund to the Complainant the entire amount deposited by her from time to time along with interest @ 12% p.a. from the date of each deposit till the date of actual realization, in two equated installments.  The first installment shall be paid to the Complainant on or before 20.03.2017 by means of a Demand Draft/Banker’s Cheque and the balance amount on or before 05.05.2017 by the same mode.  Having regard to the peculiar facts of the case, in addition to the said amount, the Appellants shall also pay to the Complainant a lump sum compensation of ₹1,00,000/- (Rupees One Lakh only) along with litigation costs of ₹50,000/-.  The said amount of ₹1,50,000/- shall be paid along with the afore-noted first installment. 

               It goes without saying that the interest @ 12% p.a. shall be calculated on the reducing balance, after payment of the first instalment.

               On payment of the said amounts, the entire claim of the Complainant against the Appellants, subject matter of the Complaint, shall stand satisfied and the proceedings initiated by the State Commission against the Appellants under Section 193 IPC shall stand closed.  At the same time, it is also agreed that in the event of any

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default on the part of the Appellants in complying with the afore-noted schedule for payment in terms of this order, this Appeal shall stand dismissed and the afore-noted proceedings shall be revived and it will be open to the Complainant to take recourse to appropriate proceedings for enforcement of the impugned order.    

               Since the matter has been amicably settled at the initial stage, we direct that the statutory deposit made by the Appellants at the time of filing the Appeal shall be refunded to them.