JUDGMENT

Sanjeev Sachdeva, J. - Cm APPL.25330/2021 & FAO 189/2016

1. The hearing was conducted through video conferencing.

2. This is an application on behalf of the appellant under Order XIII Rule 3 CPC seeking to place on record a settlement between the appellant and respondent with regard to the award passed by the Arbitral Tribunal.

3. Learned counsel for the appellant submits that appellant has paid a sum of Rs.35,000/- in full and final settlement of the subject loan account with the respondent. Learned counsel submits that on payment of the said amount, nothing is further due from the appellant.

4. Learned counsel for the appellant submits that the respondent be also directed to furnish a no objection certificate.

5. Learned counsel for the respondent also confirms that full and final settlement amount has been paid by the appellant and now there is nothing recoverable from the appellant with regard to the subject loan account and the award.

6. Appellant had taken a personal loan from the respondent in the sum of Rs.10 lakhs. There were certain disputes which were referred to the Arbitral Tribunal. Arbitral Tribunal passed an award against the appellant on 19.10.2012. Objections a