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IN THE HIGH COURT OF DELHI AT NEW DELHI
C. Hari Shankar, J.
Samsung India Electronics Pvt Ltd - Appellant
Versus
Trinity Sales And Services - Respondent
Original Miscellaneous Petition (T) (COMM.) No. 34 of 2021
Decided On : 29-10-2021
Settlement Agreement - Dispute Resolution - The court disposed of the petition in terms of the settlement agreement dated 12th October, 2021, as the dispute between the parties was amicably resolved with the intervention of the Delhi High Court Mediation & Conciliation Centre.
Fact of the Case:
The dispute between the parties was amicably resolved with the intervention of the Delhi High Court Mediation & Conciliation Centre. A Settlement Agreement dated 12th October, 2021 was placed on record.
Finding of the Court:
The court found that nothing survived for adjudication in the petition as the parties had resolved the dispute and agreed to abide by the terms and conditions of the Settlement Agreement.
Issues:
Ratio Decidendi: The court disposed of the petition in terms of the Settlement Agreement dated 12th October, 2021, which was treated as a part of the order.
Final Decision: The petition was accordingly disposed of in terms of the settlement agreement dated 12th October, 2021.
JUDGMENT
C. Hari Shankar, J. - The dispute between the parties stands amicably resolved, with the intervention of the Delhi High Court Mediation & Conciliation Centre.
2. The Settlement Agreement dated 12th October, 2021 has been placed on record.
3. Learned Counsel for the parties are also present. They undertake, on behalf of their clients, to abide by the terms and conditions thereof.
4. The Settlement Agreement dated 12th October, 2021 shall be treated as a part of this order.
5. In view thereof, nothing survives for adjudication in this petition.
6. The petition is accordingly disposed of in terms of the settlement agreement dated 12th October, 2021.
Enforcement of Settlement Agreement
Disputes can be effectively resolved through mediation, and courts may dispose of petitions based on the terms agreed in a settlement, provided all parties consent.
Parties are bound by their mutual consent to the terms of a settlement agreement, including any corrective adjustments, emphasizing the importance of precise terms and effective mediation.
Court allows settlement between parties under Code of Civil Procedure, confirming binding terms of the Settlement Agreement and disposing of the suit as nothing remains for adjudication.
A settlement reached through mediation effectively resolves the dispute, leading to the dismissal of the suit.
The court affirmed that parties may resolve their disputes amicably, and once a settlement is reached, they are bound by its terms.
The validity and lawfulness of a Settlement Agreement in the context of executing a decree.
Mediation agreement reached by parties upheld by court as binding.
Mediation leads to a settlement, allowing for the resolution of legal disputes without further court intervention.
The court decreed the suit in terms of a valid and lawful Settlement Agreement mutually settled by the parties.
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