JUDGMENT Navin Chawla, J. - The petition has been heard by way of video conferencing. 1. The present petition has been filed by the petitioners challenging the order dated 14.03.2017 passed by the learned Debts Recovery Appellate Tribunal (hereinafter referred to as 'DRAT'), Delhi, in Appeal No. 288/2016, finding the Managing Director of the petitioner company namely Mr.Ram Prakash Chugh guilty of having wilfully and deliberately abused the process of law and committing him to civil prison for a period of one month. 2. The Impugned Order came to be passed by the learned DRAT as in the appeal proceedings pending before it, on 18.10.2016, the petitioner had handed over two post-dated cheques amounting to Rs.6,43,29,003/- and Rs. 13,17,92,130/- to the respondents, with Mr.Chugh undertaking that both the cheques shall be duly honoured on presentation on the due dates. 3. The cheque for sum of Rs.6,43,29,003/- was dishonoured on presentation for the reason that the account from which the two cheques were issued had already been frozen. 4. On 23.12.2016, the learned counsel for the petitioners stated before the learned DRAT that he has brought a fresh cheque dated 31.01.2017 for the total amount of Rs.19,61,21,133/- which was earlier tendered by way of the above mentioned two cheques. The Learned DRAT however, adjourned the appeal for considering the effect of the dishonour of the cheque. 5. On 09.01.2017, the petitioners gave two fresh cheques for the above amounts, both dated 31.01.2017, to the respondent. The learned DRAT, however, observed that the effect of the dishonour of the earlier cheques shall be considered on the next date of hearing as Mr. Chugh, inspite of direction, had not appeared in person before the learned DRAT. 6. On 2.01.2017, the learned DRAT directed the petitioner to make the payment of the two cheques by way of a bank draft on or before 23.01.2017. 7. The above order was challenged by the petitioners before this Court by way of writ petition being W.P.(C) No. 595/2017. 6. On 2.01.2017, the learned DRAT directed the petitioner to make the payment of the two cheques by way of a bank draft on or before 23.01.2017. 7. The above order was challenged by the petitioners before this Court by way of writ petition being W.P.(C) No. 595/2017. This Court, taking into account the cheques handed over by the petitioners to the respondent were supposed to be honoured on 31.01.2017, vide its order dated 23.01.2017, directed that the learned DRAT will refrain from taking any penal action against the petitioners till the presentation of the said cheques, however, making it clear that if the cheques dated 31.01.2017 are not honoured, the learned DRAT will proceed against the petitioner. 8. The fresh cheques given by the petitioners were also dishonoured on presentation. 9. Faced with the above contemptuous act of the petitioners, the impugned order was passed by the learned DRAT, which has been challenged by the petitioners by way of the present petition. 10. On 01.05.2017, the statement of the learned senior counsel for the petitioners was recorded in the present petition to the effect that the petitioners are still willing to abide by the offer made by Mr.Chugh before the learned DRAT of paying an amount of Rs. 19.62 crores (approximate) to the respondent, if granted some more time. 11. On 24.05.2017, this Court passed the following order on the statement of the parties: "1. Mr. Khanna, learned Senior Advocate appearing for the petitioners and Mr. Mehra, learned Senior Advocate appearing for the respondent jointly state that after the last date of hearing, they have been able to negotiate an interim arrangement without prejudice to the respective rights and contentions of the parties, whereunder the petitioners shall pay a sum of Rs.5.08 crores to the respondent as the price of Property No. 1©, mentioned in para 2 of the order dated 01.05.2017. It is further agreed that as a sum of Rs.3 crores has already been deposited by the petitioners in this Court, they shall have no objection to the said amount being released in favour of the respondent, thus leaving a sum of Rs.2.08 crores from out of the sum of Rs.5.08 crores, which shall be paid by the petitioners to the respondent within 10 days from today. Upon receipt of the balance sum of Rs.2.08 crores, the respondent shall hand over the title deeds of the captioned property to the petitioners, who shall then be entitled to deal with the same as they deem appropriate. Counsel for the respondent is granted liberty to approach the Registry for release of the drafts of Rs. 3 crores. 2. It is further agreed that the price of the two parcels of land mentioned at Sr.l(A) and (B) of para 2 of the order dated 01.05.2017, assessed by the respondent at Rs.9.46 crores, shall be paid by the petitioners within 30 days reckoned from 05.06.2017. On receiving the sum of Rs.9.46 crores, the respondent shall release the title deeds of the said properties to the petitioners