Memorandum of understanding

This Memorandum of Understanding (MOU) is made on this [_______] day of November 2020,
at New Delhi, by and between:

Smt. Bani Arora, W/o:- N.K.Arora, R/o :- S- 440, 3rd Floor, Greater Kailash Enclave-II,
Delhi-110048 (hereinafter referred to as “First Party”), which expression shall, unless repugnant
to the context or meaning thereof, be deemed to mean and include their legal heirs, legal
representatives, successors and permitted assigns of the First Part;

And

Mr. Rajiv Aggarwal, S/o S.L. Aggarwal, R/o:- G-2/106, Pocket 1, Ramprashta Green,
Sector-7, Vaishali, Ghaziabad-201010, Uttar-Pradesh, (hereinafter referred to as “Second
Party”) , which expression shall, unless repugnant to the context or meaning thereof, be deemed
to mean and include his their legal heirs, legal representatives, successors and permitted assigns
of the Second Part;

The First Party and the Second Party are hereinafter collectively referred to as “Parties” and
individually as “Party”.

WHEREAS the parties have entered into and executed an Agreement to Sell dated 01 st
April 2016 with respect to property bearing No. A-14, Lower Ground Floor, New Friends
Colony, New Delhi-110025, hereinafter referred to as the said property.

And whereas both the parties have voluntarily and mutually extended from time to time
the execution of sale deed with respect to said property through duly executed several
MOUs dated 30.12.2016, 26.08.2017, 22.02.2018, 09.07.2018 etc…

And whereas both the parties have after long negotiation voluntarily and mutually
arrived at the understanding and the same was reduced to writing through MOUs dated
31st December 2018 thereby acknowledging the liabilities to pay Rs 35,00,00,000/- (Rupees
Thirty Five lacs only) in lieu of cancellation of aforesaid Agreement to Sell dated 01 st April
2016.

And whereas owing to lack of communication and misunderstanding, the Second party has
approached the local Police station and got registered one FIR bearing No. 0087 of 2020
with P.S.:- Indirapuram, Ghaziabad, Uttar-Pradesh Police against the First Party, her
husband namely Narendra Kumar Arora and Manish Mehra.
And Whereas due to good office and negotiation between the parties , both of them agreed
to settle their entire disputes on the following the terms and conditions.:-

A. That It is agreed and acknowledged between the parties that First Party Shall pay Rs
40,00,000/- ( Rupees Forty lacs) towards full and final settlement, to the Second party
on or before 30th June 2021 in manner as hereinafter mentioned.

i) Rs 20,00,000/- by way of Cheque bearing No……………. dated…………..

ii) The balance remaining amount of Rs 20,00,000/- on or before 30th June 2021.

B. That it is agreed and acknowledged by and between the parties that on receipt of the
payment of Rs of entire payment i.e. Rs 40,00,000/- ( Rupees Forty Lacs), the terms and
conditions of the Agreement to Sell will be determined and said “Agreement to Sell”
automatically terminated without further notice.

C. That it is agreed and confirmed by the Second party that on receipt of the settlement
amount as agreed between the parties, under this MOUs, the Second party will hand over
the entire documents in original to Second Parties and restore the possession of
immovable properties under agreement to sell dated 01st April 2016.

D. The Second party hereby agrees and confirms that he will make due statement before
the Investigative Agency i.e. Investigating Officer of FIR No. 0087 of 2020 with respect
to the receipt of settlement amount under this MOU and will have no grievances against
the Second Party alongwith other named accused persons

E. That the Second party agrees and undertakes that in case a petition for quashing of FIR is
filed, then it shall cooperate with the First Party in getting the present FIR quashed
against the First Party and all other accused persons. The Second Party shall sign and
execute all such deeds, documents and affidavits as may be necessary and expedient for
 getting the FIR No. 0087 of 2020 registered with P.S.:- Indirapuram, Ghaziabad, Uttar-
Pradesh quashed/withdrawn/Compound against the third First Party and other named
accused persons.

F. That both the parties hereby agrees and confirms that all Civil Suit, Application,
petition, Criminal Complaint pending before the various Courts of Laws pertaining to
the transactions as mentioned in this MOUs shall be withdrawn by the respective parties
in accordance with laws.

G. That the parties have read and understand the contents of the settlements and confirms
that it is in consonance with the understanding arising out of the parties.

IN WITNESS WHEREOF THE PARTIES HERETO HAVE EXECUTED THESE

PRESENTS ON THE DAY AND YEAR FIRST HEREINABOVE STATED.

WITNESSES (FIRST PARTY)

(SECOND PARTY)