Amount recd. on Compromise

Querist : Anonymous (Querist) 03 June 2011 This query is : Resolved
There is a dispute on ownership of property, but later on the parties come to compromise and withdraw the case, what is the legal position of the amount paid, for the payer(Owner on records) as well as for the payee?

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Guest (Expert) 03 June 2011
what are the terms and conditions on which the compromise has occurred, it will be cleared after its contents

PALNITKAR V.V. (Expert) 03 June 2011
The terms of compromise will prevail. If nothing is mentioned in it then the situation that was before filing the suit will remain as it is.

Guest (Expert) 03 June 2011
Depends upon the set compromise terms.

Guest (Expert) 09 June 2011
what is the legal position of the amount paid, for the payer(Owner on records) as well as for the payee?
We cant say but it depend upon the parties motive,thereafter they make terms and condition .so, it depend upon the compromise terms.The parties should not be under pressure .

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