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Showing contexts for: compromise decree is executable in Dr. K. L. Narayana vs The Special Tribunal Under A.P. Land ... on 21 September, 2016Matching Fragments
7. That while Smt. Sugra Begum was holding title over the property, the persons by names, late Manik Lal Gupta and late Madan Lal Gupta also claimed rights over the part of the property leading to the institution of a series of cases. That the mother of respondent Nos.8 to 15 entered into an agreement of sale dt.20.3.2016 with M/s.Sumanjali Projects Private Limited, agreeing to sell their land to an extent of Acs.4.20 guntas obtained by them under the compromise decree, besides executing a Registered General Power of Attorney of their nominee agreement holder (respondent No.63) vide Registered GPA bearing No.1172 of 2006, dt.27.3.2006, empowering him to deal with their share of the land (an extent of Ac.4.20 guntas). That subsequently, respondent No.63, in exercise of his powers conferred on him under the said GPA entered into a memorandum of understanding dt.01.3.2007 with M/s. Blue Streak Project Developers Private Limited, Hyderabad, wherein respondent Nos.8 to 15 have assigned their rights and obligations in favour of the petitioner under a Deed of Assignment dt.18.1.2008. That afterwards, a de novo memorandum of understanding dt.20.4.2008 was executed between the petitioner and respondent Nos.8 to 15 through their GPA holder and the latter have agreed to give their share of land to an extent of Ac.4.20 guntas. That at the intervention of the well-wishers, respondent Nos.8 to 15 on one side and respondent Nos.22, 56, 58, 59 and 66 to 72 on the other side entered into a compromise agreement on 24.6.2009 and accordingly they have executed a Registered Development Agreement cum-General Power of Attorney, bearing document No.3589 of 2010, dt.29.7.2010 in favour of the petitioner and thus he is in possession of the subject land and making construction of the multi-storied complex.