Back
C. HARI SHANKAR
Reddys Laboratories Limited – Appellant
Versus
Rikon Pharmaceuticals Pvt. Ltd. – Respondent
JUDGMENT (Oral)
I.A. 11373/2022 (under Order XXXIX Rules 1 and 2 of the CPC)
1. The dispute between the parties stand settled with the intervention of the Delhi High Court Mediation and Conciliation Centre. The settlement agreement dated 13th February 2023 has been placed on record. The terms of settlement read thus:
"1. That Second Party hereby recognizes and acknowledges the First Party's exclusive proprietary rights in the trademark NISE and not to challenge First Party s statutory and proprietary rights directly or indirectly at any time in future in India and globally.
2. The Second Party their directors, confirm and undertake that as per the directions passed by the Hon'ble High Court of Delhi vide order dated 22/07/2022 in CS (COMM) No. 495 of 2022, the Second Party has stopped manufacturing and using the mark `RIKONISE-P' or 'NISE-P', directly or indirectly in medicinal and pharmaceutical preparations of suspension syrups for domestic sale in India and or for export. The Second Party confirms that the last batch of `RIKONISE-P' products manufactured by them were as per details below:
| S.No. | Manufacturing date | Batch No. | Month of Expiry |
| 1. | December 2021 | RL-025 | 11/23 |
3. That in the integr
The main legal point established in the judgment is the binding nature of a settlement agreement reached between parties, which can lead to the court decreeing the suit in terms of the settlement and....
Enforcement of Settlement Agreement
Settlement agreements can be used to resolve disputes without delving into the merits of the case, and the court may decree the suit in terms of the settlement agreement.
Settlement agreements can effectively resolve disputes and render legal proceedings unnecessary for adjudication.
The central legal point established in the judgment is the effectiveness of a settlement agreement in resolving a trademark infringement dispute and leading to a decree in favor of the aggrieved part....
The court's approval of the settlement agreement and the subsequent decree based on the terms of the agreement.
Settlement agreements can effectively resolve disputes in trademark infringement cases, allowing parties to acknowledge rights and agree on actions to prevent future violations.
The court validated the settlement agreement between the parties and ruled for the full refund of court fees, reinforcing the principle that amicable resolution entitles a party to such refunds.
Enforceability of settlement agreements and their impact on the resolution of disputes.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
