Saidattaganesharama

Problem 1
MEDIATION:
Mrs. Saritha & M/s Venkateshwara Electronics Pvt. Ltd.
https://www.studocu.com/in/messages/question/3962823/mediation-mrs-saritha-ms-
venkateshwara-electronics-pvtltd-brief-facts-of-the-case-saritha

Problem 2
ARBITRATION:
Baheti Iron & Steel Vs. Sriram Steels
https://www.studocu.com/in/messages/question/3962882/arbitration-baheti-iron-steel-vs-sriram-
steels-brief-facts-of-the-case-baheti-iron - No solution- should pay to unlock

Problem 3
CONCILIATION:
Mahender & 25 colleagues Vs. Jindal Aluminum Company Pvt Ltd
https://www.studocu.com/in/messages/question/3962942/conciliation-mahender-25-colleagues-vs-
jindal-aluminum-company-pvt-ltd-brief-facts-of-the-case

Problem 4
NEGOTIATION:
Mrs. Chandrika Vs. Mr. Harish

Problem 5
LOK ADALAT:
Before the honorable Judge of Lok Adalat at CCC, Hyderabad.
Abhiram Vs. Goyal Associates
https://www.studocu.com/in/messages/question/3963193/lok-adalat-before-the-honorable-judge-
of-lok-adalat-at-ccc-hyderabad-abhiram-vs-goyal
Prob 1:
https://www.studocu.com/in/messages/question/3962823/mediation-mrs-saritha-ms-
venkateshwara-electronics-pvtltd-brief-facts-of-the-case-saritha

Mediation Report - Memorandum of Undertaking

Parties Involved:
 Mrs. Saritha (Complainant)
 M/s Venkateshwara Electronics Pvt Ltd (Respondent)
Brief Facts of the Case:
 Mrs. Saritha, a housewife, purchased a Samsung TV on the basis of an EMI from M/s
Venkateshwara Electronics Pvt Ltd.
 Saritha issued ten Post Dated Cheques (PDCs) with the amount of Rs. 2000/- per month as
an installment.
 Out of the ten cheques, six were honoured, but from the 7th month onwards, the TV started
developing technical issues.
 Saritha informed the sales manager of the showroom about the issues, but no action was
taken.
 In the 8th month, the TV completely stopped working, and the remaining cheques were
dishonoured until the 10th month.
 M/s Venkateshwara Electronics Pvt Ltd sent a notice to Saritha for the payment of the
balance amount.
Proposed Resolution:
 Both parties agree to resolve the matter through mediation and reach a mutually acceptable
solution.
 M/s Venkateshwara Electronics Pvt Ltd agrees to replace the faulty TV with a new one of the
same model and specifications.
 Saritha agrees to pay the balance amount of Rs. 4000/- in two equal installments of Rs.
2000/- each, to be paid within 30 days from the date of signing this Memorandum of
Undertaking (MoU).
 Both parties agree to consider the matter fully settled and withdraw any legal claims or
disputes related to this case upon successful completion of the agreed resolution.
Terms and Conditions:
1. The replacement TV provided by M/s Venkateshwara Electronics Pvt Ltd will be covered
under a warranty period of 1 year from the date of delivery.
2. Saritha will be responsible for any damages caused to the replacement TV due to
mishandling or misuse.
3. In case of any future issues with the replacement TV, Saritha will contact the authorized
service center of M/s Venkateshwara Electronics Pvt Ltd for resolution.
4. Failure to comply with the terms and conditions mentioned in this MoU may result in legal
action.
Signatures:
 Mrs. Saritha (Complainant)
 Representative of M/s Venkateshwara Electronics Pvt Ltd (Respondent)
This Memorandum of Undertaking is drafted to facilitate the resolution of the dispute between Mrs.
Saritha and M/s Venkateshwara Electronics Pvt Ltd. Both parties agree to abide by the terms and
conditions mentioned herein and consider the matter fully settled upon successful completion of the
agreed

Prob 2:
https://www.studocu.com/in/messages/question/3962882/arbitration-baheti-iron-steel-vs-sriram-
steels-brief-facts-of-the-case-baheti-iron

ARBITRATION:

Baheti Iron & Steel Vs. Sriram Steels

Brief facts of the case:

 Baheti Iron & Steel is a wholesale supplier of steel located in Jamshedpur.
 Sriram Steels is located at Hyderabad. Their main office is at Mumbai.
 Sriram Steels ordered for steel worth of Rs. 2 Cr. They had ongoing business relationship and
relied upon each other frequently.
 Negotiation for supply of goods on the contract took place at Ranchi.
 Sriram Steels claimed that Baheti failed to supply the steel on the requisite time and they
incurred huge losses because of the delay.
 But Baheti Steels claimed that it was due to the transport company's strike.
 Defendant does not want to involve their insurers as it may cause them future
complications.
 Baheti Iron & Steel could not supply the steel to the customer due to which they suffered
huge loss, so both the parties agreed to settle the dispute through the arbitrator but
petitioner wants appointment of arbitrator at Hyderabad where respondent made an
objection.

i.Draft appropriate arguments before arbitrator.

ii.Draft arbitrary award.

i. Draft appropriate arguments before arbitrator.

Opening Statement:

Honourable Arbitrator,
We stand before you today to seek a fair resolution to the dispute between Baheti Iron &
Steel and Sriram Steels. Our esteemed client, Baheti Iron & Steel, acknowledges the
importance of fulfilling contractual obligations, and deeply regrets any inconvenience caused
to Sriram Steels. However, we firmly contend that the unforeseen transport company strike
was the sole reason for the delay in delivery, an occurrence beyond our client's control.

Key Arguments:

In the case of Baheti Iron & Steel vs. Sriram Steels, the following arguments can be presented before
the arbitrator:
1. Breach of Contract: Sriram Steels ordered steel worth Rs. 2 Cr from Baheti Iron & Steel, and
there was an ongoing business relationship between the parties. Baheti Iron & Steel failed to
supply the steel on time, resulting in significant losses for Sriram Steels. This constitutes a
breach of contract by Baheti Iron & Steel.
2. Force Majeure: Baheti Iron & Steel claims that the delay in supplying the steel was due to a
transport company's strike, which was beyond their control. They should be excused from
liability for the delay under the principle of force majeure.
3. Mitigation of Loss: Sriram Steels should have taken reasonable steps to mitigate their losses
caused by the delay in steel supply. They should have explored alternative suppliers or made
arrangements to minimize the impact of the delay. Failure to do so may limit their claim for
damages.
4. Business Relationship: The parties had an ongoing business relationship and relied upon
each other frequently. This relationship should be taken into consideration when
determining the appropriate remedy for the breach of contract. The arbitrator should aim to
preserve the business relationship if possible.
5. Choice of Arbitration Venue: The petitioner (Baheti Iron & Steel) wants the arbitrator to be
appointed in Hyderabad, while the respondent (Sriram Steels) objects to this. The arbitrator
should consider the convenience of both parties and the location where the contract
negotiations took place (Ranchi) when deciding on the appropriate venue for arbitration.

ii. Draft arbitrary award.

[Arbitrator's Name]

[Date]

Arbitration Award

In the case of Baheti Iron & Steel vs. Sriram Steels, the arbitrator's award should consider the
following:
1. Breach of Contract: It is established that Baheti Iron & Steel breached the contract by failing
to supply the steel on time, causing losses to Sriram Steels.
 2. Force Majeure: The arbitrator acknowledges that the delay in steel supply was due to a
transport company's strike, which qualifies as a force majeure event. Baheti Iron & Steel
should be excused from liability for the delay.
3. Mitigation of Loss: Sriram Steels failed to take reasonable steps to mitigate their losses
caused by the delay in steel supply. As a result, their claim for damages should be limited to
the extent that they could have reasonably mitigated their losses.
4. Remedy: The arbitrator should award compensation to Sriram Steels for the losses incurred
due to the delay in steel supply. The amount of compensation should be determined based
on the actual losses suffered and the extent to which Sriram Steels could have mitigated
their losses.
5. Preservation of Business Relationship: The arbitrator should aim to preserve the business
relationship between the parties, considering their ongoing relationship and reliance on
each other. The award should be fair and reasonable, taking into account the interests of
both parties.
6. Choice of Arbitration Venue: The arbitrator should decide on the appropriate venue for
arbitration, considering the convenience of both parties and the location where the contract
negotiations took place (Ranchi). The venue should ensure a fair and impartial arbitration
process.

[Signature of Arbitrator]

[Name of Arbitrator]

[Date]

Prob 3:
CONCILIATION:
https://www.studocu.com/in/messages/question/3962942/conciliation-mahender-25-colleagues-vs-
jindal-aluminum-company-pvt-ltd-brief-facts-of-the-case

Mahender & 25 colleagues Vs. Jindal Aluminum Company Pvt Ltd

Brief facts of the case:
 Mahender and 25 of his colleagues were working in Jindal Aluminum Co.
 As there were no sales in the company, the company went for a lay-off.
 After sometime, there was a sudden surge in the market, the company started recruiting
new employees offering good salary package.
 Previous employees have an association and for which Mahender was the President.
 They demanded the company to recruit them again with proper wages like new appointees
and their demand is that they were there in the company from the incorporation.
 Their discussions failed with management. Both parties agreed for conciliation proceeding to
resolve the issue.

Write the Settlement Agreement.

Settlement Agreement
This Settlement Agreement is entered into between Mahender and 25 of his colleagues (hereinafter
referred to as "Employees") and Jindal Aluminum Company Pvt Ltd (hereinafter referred to as
"Company") to resolve the dispute regarding the re-employment and proper wages of the
Employees.

Terms and Conditions

1. Re-employment: The Company agrees to re-employ the Employees, considering their
previous experience and expertise, subject to the following conditions:
 The Employees shall undergo a probationary period of [insert duration].
 The Employees shall adhere to the Company's policies and regulations.
2. Wages and Benefits: The Employees shall be entitled to the same salary package and
benefits as the new appointees, effective from the date of re-employment. This includes:
 Base salary
 Allowances
 Incentives
 Leave entitlement
 Medical benefits
 Retirement benefits
3. Seniority and Increment: The Employees' seniority and increment shall be calculated based
on their original date of joining the Company, considering their previous employment
period.
4. Grievance Redressal: The Company shall establish a grievance redressal mechanism to
address any future concerns or disputes raised by the Employees. This mechanism shall
ensure fair and timely resolution of grievances.
5. Confidentiality: Both parties agree to maintain the confidentiality of the settlement terms
and not disclose any information related to this agreement to any third party, except as
required by law.
6. Full and Final Settlement: This settlement agreement constitutes a full and final resolution of
all claims and disputes between the Employees and the Company. Both parties agree not to
pursue any further legal action or claim related to the issues mentioned in this agreement.
7. Governing Law and Jurisdiction: This settlement agreement shall be governed by and
construed in accordance with the laws of [insert applicable jurisdiction]. Any disputes arising
out of or in connection with this agreement shall be subject to the exclusive jurisdiction of
the courts in [insert applicable jurisdiction].
8. Execution and Effective Date: This settlement agreement shall come into effect upon the
signatures of both parties. It may be executed in multiple counterparts, each of which shall
be deemed an original and all of which together shall constitute one agreement.
By signing below, the Employees and the Company acknowledge their understanding and
acceptance of the terms and conditions stated in this Settlement Agreement.
Employee's NameSignature Date
Mahender [Date]

[Employee 2] [Date]

[Employee 3] [Date]
Employee's NameSignature Date
... [Date]

[Employee 25] [Date]

For Jindal Aluminum Company Pvt Ltd:
Authorized Signatory:
[Name]
[Designation]
[Date]

Prob 5:
https://www.studocu.com/in/messages/question/3963193/lok-adalat-before-the-honorable-judge-
of-lok-adalat-at-ccc-hyderabad-abhiram-vs-goyal
LOK ADALAT:

Before the honourable Judge of Lok Adalat at CCC, Hyderabad.

Abhiram Vs. Goyal Associates

Brief facts of the case:

 Abhiram took Rs 10 Lakhs as a loan from Goyal Associates with agreeing to pay 18% per
annum as interest.
 In the first step, he cleared Rs 5 lakhs after 1 year.
 In the second step, he cleared Rs 3 lakhs after two years.
 Now Abhiram owes only Rs 2 lakhs with interest remaining principle to Goals but even now
Goyal Associates ask for the interest of 18% on an amount of Rs 10 lakhs.
 The case has been referred to Lok Adalat CCC, Hyderabad.
How can the parties compromise?
In Lok Adalat, parties can reach a compromise through negotiation and settlement. Here are some
possible ways the parties in the given case can compromise:
1. Partial Payment: Abhiram can propose to pay a lump sum amount to Goyal Associates to
settle the remaining debt. They can negotiate and agree on a reduced amount that Abhiram
can afford to pay.
2. Interest Waiver: Abhiram can request Goyal Associates to waive off the interest on the
remaining principal amount. This can be a point of negotiation where both parties can agree
on a reduced interest rate or complete interest waiver.
3. Installment Plan: Abhiram can propose an instalment plan to repay the remaining debt.
They can agree on a mutually acceptable timeline and amount for the instalments,
considering Abhiram's financial situation.
4. Mediation: The parties can opt for mediation, where a neutral third party helps facilitate the
negotiation process. A mediator can assist in finding a middle ground and reaching a
compromise that satisfies both parties.
It is important for both parties to communicate openly, understand each other's perspectives, and
be willing to make concessions. The goal is to find a solution that is fair and acceptable to both
Abhiram and Goyal Associates.

Prob 4
NEGOTIATION:
Mrs. Chandrika Vs. Mr. Harish
Brief facts of the case:

 Mrs. Chandrika and Mr. Harish are wife and husband married in the year 2020.
 They’re blessed with a baby girl of 2 years.
 Right from the beginning, both of them had lots of incompatibility between them.
 Now they both have decided to get separated and agreed for negotiation for a faster
settlement.

Draft a Settlement Agreement of negotiation and arguments of both the parties.

Arguments of Both Parties:

Wife's Arguments:

Primary Custody: Mrs. Chandrika asserts that she is best suited to provide primary care and
support for their daughter given her current circumstances.

Financial Stability: She requests financial support from Mr. Harish to ensure the well-being
and proper upbringing of their child.

Husband's Arguments:

Reasonable Visitation: Mr. Harish emphasizes the importance of his presence and
involvement in their daughter's life. He seeks reasonable and consistent visitation rights.

Equitable Division: He urges for a fair division of marital assets, ensuring both parties can
move forward independently.

Terms and Conditions:

Child Custody and Visitation:

The parties agree to joint legal custody of their daughter. The Wife shall be the primary
custodian, and the Husband shall have reasonable visitation rights, as agreed upon by both
parties or as ordered by the court.

Financial Support:

The Husband agrees to provide financial support to the Wife and child in the form of
[Specify Details, e.g., monthly alimony/child support]. The parties will review this
arrangement every [Specify Duration, e.g., six months] to ensure it remains fair and
equitable.

Division of Marital Assets:

The parties agree to an equitable division of marital assets and liabilities as follows: [Specify
Details, e.g., property, bank accounts, investments, debts].

Residence:

The Wife shall retain the family residence located at [Address]. The Husband shall remove
his name from the ownership or lease agreement.

Personal Belongings:

Both parties shall retain their respective personal belongings.

Dispute Resolution:

Both parties agree to address any future disputes through open and honest communication,
with mediation or counseling as an option if needed.

Confidentiality:

The terms and conditions of this Agreement shall be treated as confidential by both parties.
Disclosure to any third party, without express consent, is strictly prohibited.

Signatures:

For Mrs. Chandrika:

Signature: _______________________

Name: Chandrika

Date: _______________

For Mr. Harish:

Signature: _______________________

Name: Harish

Date: _______________

This Settlement Agreement is binding upon both parties and shall be construed in accordance
with the laws applicable in [Jurisdiction]. Any modifications to this Agreement shall be valid
only if made in writing and signed by both parties.
Sai

By Classmate:

1)Mediation Report

Parties:

Mrs. Saritha (Claimant)

M/s Venkateshwara Electronics Pvt. Ltd. (Respondent)

Brief Overview:

Mrs. Saritha purchased a Samsung TV on EMI from M/s Venkateshwara Electronics Pvt.
Ltd. She issued ten Post Dated Cheques of Rs. 2000/- each as installments. Six cheques were
honored, but on the 7th month, the TV started experiencing technical issues. Despite
informing the sales manager, no action was taken. In the 8th month, the TV completely
malfunctioned, and from then, the cheques were dishonored until the 10th month. M/s
Venkateshwara Electronics Pvt. Ltd. sent a notice to Saritha for the balance payment.

Mediation Process:

The mediation process was conducted on [Date] at [Location], with both parties present. The
mediator facilitated open and honest communication between Mrs. Saritha and M/s
Venkateshwara Electronics Pvt. Ltd.

Issues Discussed:

Validity of the claim regarding the malfunctioning TV.

Responsibility of M/s Venkateshwara Electronics Pvt. Ltd. in addressing the technical issues.

Non-payment of installments due to the TV's malfunction.

Agreements Reached:

M/s Venkateshwara Electronics Pvt. Ltd. acknowledged the technical issues with the TV and
agreed to take responsibility for repairs.

Mrs. Saritha agreed to clear the outstanding installments in full within 30 days of the TV
being repaired.
Memorandum of Undertaking:

This Memorandum of Undertaking ("MOU") is executed on [Date] between Mrs. Saritha

("Claimant") and M/s Venkateshwara Electronics Pvt. Ltd. ("Respondent").

Terms and Conditions:

M/s Venkateshwara Electronics Pvt. Ltd. agrees to repair the Samsung TV purchased by Mrs.
Saritha within 15 days from the date of this MOU.

Mrs. Saritha agrees to pay the outstanding balance of Rs. [Amount] within 30 days from the
date of repair completion.

Upon receipt of the full outstanding amount, M/s Venkateshwara Electronics Pvt. Ltd. will
provide a warranty for the repaired TV for a period of [Duration].

In the event of any further technical issues within the warranty period, M/s Venkateshwara
Electronics Pvt. Ltd. commits to provide prompt and free-of-charge repairs.

Both parties agree to consider the matter amicably resolved and waive any further claims or
legal actions related to this dispute.

Signatures:

Claimant: ___________________________ Date: _______________

Authorized Signatory (M/s Venkateshwara Electronics Pvt. Ltd.):

___________________________ Date: _______________

Mediator: ___________________________ Date: _______________

has context menu

2)Arbitration Case: Baheti Iron & Steel vs. Sriram Steels

Brief Overview:

Baheti Iron & Steel, a wholesale supplier based in Jamshedpur, entered into a contract with
Sriram Steels, located in Hyderabad, for the supply of steel worth Rs. 2 Crores. The negotiation
for this contract took place in Ranchi, facilitated by their ongoing business relationship. Sriram
Steels alleges that Baheti failed to supply the steel on time, resulting in substantial losses. In
response, Baheti Steels contends that the delay was caused by a transport company strike, which
was beyond their control. Baheti Iron & Steel is hesitant to involve their insurers to avoid
potential future complications. Due to Baheti's inability to supply the steel, they incurred
significant losses, prompting both parties to agree to arbitration. However, a dispute arises
regarding the location of the arbitrator, with the petitioner advocating for Hyderabad, while the
respondent objects.

i. Draft of Appropriate Arguments Before Arbitrator

Opening Statement:

Honorable Arbitrator,

We stand before you today to seek a fair resolution to the dispute between Baheti Iron & Steel
and Sriram Steels. Our esteemed client, Baheti Iron & Steel, acknowledges the importance of
fulfilling contractual obligations, and deeply regrets any inconvenience caused to Sriram Steels.
However, we firmly contend that the unforeseen transport company strike was the sole reason for
the delay in delivery, an occurrence beyond our client's control.

Key Arguments:

Force Majeure Event:

The transport company strike constitutes a bona fide force majeure event, an unforeseeable
circumstance that directly hindered our client's ability to fulfill the contract.

This event is explicitly beyond the scope of Baheti Iron & Steel's control, absolving them of any
liability arising from the delay.

Mitigation of Losses:

Our client took immediate and reasonable steps to mitigate losses, seeking alternative means of
transportation, and exploring other avenues to expedite the delivery process.

Longstanding Business Relationship:

The parties have a longstanding, mutually beneficial business relationship built on trust and
reliability. It is crucial to consider the history of successful transactions and cooperation between
the two entities.
Avoidance of Insurer Involvement:

Baheti Iron & Steel's reluctance to involve their insurers is rooted in a genuine concern for
potential complications in future business transactions, not an attempt to evade responsibility.

Choice of Arbitration Venue:

The petitioner seeks a fair and impartial arbitration process and suggests Hyderabad as the
venue, believing it to be a neutral ground.

Conclusion:

Honorable Arbitrator, we humbly request your impartial consideration of the presented

arguments and a just resolution that takes into account the circumstances surrounding this
unfortunate incident.

ii. Draft Arbitrary Award

[Arbitrator's Name]

[Date]

Arbitration Award

Having carefully considered the arguments presented by both parties, and in accordance with
the principles of fairness and equity, the following award is hereby issued:

The force majeure event, namely the transport company strike, is recognized as a legitimate
cause of delay in the fulfillment of the contract by Baheti Iron & Steel.

Baheti Iron & Steel shall be held liable for any direct losses incurred by Sriram Steels as a result
of the delay, with a deduction for any losses mitigated by Sriram Steels.

The arbitration costs shall be borne equally by both parties.

The choice of Hyderabad as the arbitration venue is deemed appropriate in the interest of
fairness and neutrality.

This award is final and binding upon both parties, and no further claims shall be pursued in
connection with this dispute.

[Signature of Arbitrator]

[Name of Arbitrator]

[Date]
3)Settlement Agreement

This Settlement Agreement ("Agreement") is entered into on [Date], between:

Mahender and 25 Colleagues (hereinafter referred to as "Claimants")

Address: [Address]

and

Jindal Aluminum Company Pvt Ltd (hereinafter referred to as "Company")

Address: [Address]

Background:

Mahender and 25 of his colleagues were previously employed by Jindal Aluminum Company
Pvt Ltd ("Company"). Due to a period of low sales, the Company initiated a lay-off, affecting
the Claimants. Subsequently, the market experienced a sudden surge, prompting the
Company to engage in new hiring with competitive salary packages. The Claimants,
represented by Mahender as their President, sought reinstatement with commensurate wages,
contending their long-standing association with the Company since its inception. Initial
discussions between the parties failed to yield a resolution, leading both parties to voluntarily
opt for conciliation proceedings.

Terms and Conditions:

Reinstatement and Compensation:

The Company agrees to reinstate Mahender and the 25 colleagues, providing them with
positions commensurate to their skills and experience.

The Claimants shall receive a salary package equivalent to that offered to new appointees in
similar roles.

Seniority and Benefits:

The Claimants' seniority shall be calculated from the date of their initial employment with
the Company.

All accrued benefits, including but not limited to, leave entitlements, retirement benefits, and
other applicable perks, shall be reinstated and maintained.

Training and Orientation:

The Company shall provide necessary training and orientation to the Claimants as per the
requirements of their newly assigned roles.
Dispute Resolution:

Both parties agree to abide by the terms of this Agreement and resolve any future disputes
arising from this arrangement through amicable negotiations and, if necessary, by engaging in
conciliation or mediation.

Confidentiality:

The terms and conditions of this Agreement shall be treated as confidential by both parties.
Disclosure of these terms to any third party, without express consent, is strictly prohibited.

Implementation:

This Agreement shall come into effect immediately upon the signatures of both parties.

Signatures:

For Mahender and 25 Colleagues:

Signature: _______________________

Name: Mahender

Date: _______________

For Jindal Aluminum Company Pvt Ltd:

Signature: _______________________

Name: [Authorized Signatory]

Date: _______________

This Settlement Agreement is binding upon both parties and shall be construed in accordance
with the laws applicable in [Jurisdiction]. Any modifications to this Agreement shall be valid
only if made in writing and signed by both parties.
4)Settlement Agreement

This Settlement Agreement ("Agreement") is entered into on [Date], between:

Mrs. Chandrika (hereinafter referred to as "Wife")

Address: [Address]

and

Mr. Harish (hereinafter referred to as "Husband")

Address: [Address]

Background:

Mrs. Chandrika and Mr. Harish were married in the year 2020 and have a two-year-old
daughter. Unfortunately, they have faced ongoing incompatibility issues throughout their
marriage. In an effort to achieve an amicable resolution and expedite the separation process,
both parties have chosen to engage in negotiations.

Terms and Conditions:

Child Custody and Visitation:

The parties agree to joint legal custody of their daughter. The Wife shall be the primary
custodian, and the Husband shall have reasonable visitation rights, as agreed upon by both
parties or as ordered by the court.

Financial Support:

The Husband agrees to provide financial support to the Wife and child in the form of
[Specify Details, e.g., monthly alimony/child support]. The parties will review this
arrangement every [Specify Duration, e.g., six months] to ensure it remains fair and
equitable.

Division of Marital Assets:

The parties agree to an equitable division of marital assets and liabilities as follows: [Specify
Details, e.g., property, bank accounts, investments, debts].

Residence:

The Wife shall retain the family residence located at [Address]. The Husband shall remove
his name from the ownership or lease agreement.

Personal Belongings:
Both parties shall retain their respective personal belongings.

Dispute Resolution:

Both parties agree to address any future disputes through open and honest communication,
with mediation or counseling as an option if needed.

Confidentiality:

The terms and conditions of this Agreement shall be treated as confidential by both parties.
Disclosure to any third party, without express consent, is strictly prohibited.

Arguments of Both Parties:

Wife's Arguments:

Primary Custody: Mrs. Chandrika asserts that she is best suited to provide primary care and
support for their daughter given her current circumstances.

Financial Stability: She requests financial support from Mr. Harish to ensure the well-being
and proper upbringing of their child.

Husband's Arguments:

Reasonable Visitation: Mr. Harish emphasizes the importance of his presence and
involvement in their daughter's life. He seeks reasonable and consistent visitation rights.

Equitable Division: He urges for a fair division of marital assets, ensuring both parties can
move forward independently.

Signatures:

For Mrs. Chandrika:

Signature: _______________________

Name: Chandrika

Date: _______________

For Mr. Harish:

Signature: _______________________

Name: Harish

Date: _______________
This Settlement Agreement is binding upon both parties and shall be construed in accordance
with the laws applicable in [Jurisdiction]. Any modifications to this Agreement shall be valid
only if made in writing and signed by both parties.

5)Lok Adalat Statement

Before the honorable Judge of Lok Adalat at CCC, Hyderabad.

Case No.: [Insert Case Number]

Abhiram Claimant Vs. Goyal Associates Respondent

Brief Facts of the Case:

Abhiram entered into an agreement with Goyal Associates, wherein he borrowed Rs 10 Lakhs,
agreeing to pay an interest of 18% per annum. In the first installment, Abhiram repaid Rs 5 Lakhs
after one year. In the second installment, he cleared Rs 3 Lakhs after two years. Currently,
Abhiram has a remaining principal of Rs 2 Lakhs with accrued interest, as per the original
agreement. However, Goyal Associates are demanding interest at the rate of 18% on the entire
borrowed amount of Rs 10 Lakhs.

Arguments of the Parties:

Abhiram's Position:

Abhiram contends that he has repaid a substantial portion of the loan amount, totaling Rs 8
Lakhs. He asserts that the interest should be calculated only on the remaining principal of Rs 2
Lakhs, as per the original agreement.

Goyal Associates' Position:

Goyal Associates argue that the interest rate agreed upon was 18% per annum on the initial
borrowed amount of Rs 10 Lakhs. They maintain that this rate should be applied until the entire
outstanding amount is settled.

Resolution Sought:

Abhiram seeks a fair assessment of the interest due, based on the remaining principal of Rs 2
Lakhs, in accordance with the terms of the original agreement.
Lok Adalat's Consideration:

The Lok Adalat is requested to mediate and facilitate an equitable resolution between the parties,
taking into account both parties' positions and the terms of the initial agreement.

Date of Hearing: [Insert Date]

Place: CCC, Hyderabad

Note: The Lok Adalat will consider the arguments presented by both parties and work towards a
mutually agreeable settlement.

[Signature of Lok Adalat Representative]

[Name of Lok Adalat Representative]

[Date]