I am happy to note that during the pendency of these Petitions, with the active intervention of Learned Counsel for the parties, the dispute, subject matter of the present Petitions, has been amicably settled between the parties.

As per the terms of the settlement, on the Petitioner Company’s refunding to each of the Complainants the principal amount deposited by them, along with interest @ 12% p.a. from the date of each deposit till 21.05.2018, after accounting for the amounts already paid to them by way of compensation @ ₹5/- per sq. ft. for the delayed construction, as directed by the District Forum, the Complainants shall not be left with any claim made by them in their Complaints, against the Petitioner Company.  It is agreed that the amounts payable in terms of this order shall be remitted by the Petitioner Company directly to the Complainants by means of demand drafts drawn in their favour in two equated instalments.  The first instalment shall be payable on or before 27.04.2018 and the second and the final instalment on or before 21.05.2018. 

In view of the settlement, further proceedings in the Execution Applications, stated to have been filed by the Complainants against the Petitioner Company, shall remain stayed till 21.05.2018.  In the event of any default in payment of the amounts in terms of this order, this order shall stand vacated and the Executing Court shall proceed further in the said proceedings.

Both the Petitions stand disposed of in the above terms, with no order as to costs.   

Order dasti.