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2023 Supreme(Del) 2517

IN THE HIGH COURT OF DELHI AT NEW DELHI
C. Hari Shankar, J.
Hindware Home Innovation Limited – Appellant
Versus
Havells India Ltd. & Ors. – Respondents
CS(COMM) 1059 of 2018 & I.A. 13280 of 2018, I.A. 13283 of 2018, I.A. 11502 of 2019, I.A. 17136 of 2019
Decided On : 07-08-2023

Advocates appeared:
Mr. Manav Gupta, Mr. Sohil Garg, Mr. Ankit Gupta, Mr. Abhinav Jain, Ms. Samiksha Jain and Mr. Mithil Malhotra, Advocates, for the Plaintiff.
Mr. Arjun Gadhoke and Ms. N. Parvati, Advocates, for the Defendant.

Enforceability and orderliness of the settlement agreement leading to the disposal of the suit and binding the parties to its terms

Headnote:

Settlement Agreement - Dispute Resolution - The court found the settlement agreement to be in order and enforceable, leading to the disposal of the suit and binding the parties to its terms.

Fact of the Case:

The dispute between the parties was settled through the intervention of the Delhi High Court Mediation and Conciliation Centre, and a settlement agreement dated 1 August 2023 was on record.

Finding of the Court:

The court found the terms of settlement to be in order and enforceable, leading to the disposal of the suit. The parties were bound by the terms of the settlement, and the plaintiff was entitled to a refund of court fee, if any.

Issues: Dispute settlement, enforceability of settlement agreement, refund of court fee

Ratio Decidendi: The court's decision was influenced by the enforceability and orderliness of the settlement agreement, leading to the disposal of the suit and binding the parties to its terms.

Final Decision: The suit stands disposed of in terms of the settlement agreement dated 1 August 2023, and the plaintiff shall be entitled to a refund of court fee, if any.

JUDGMENT (Oral)

1. The dispute between the parties stands settled with the intervention of the Delhi High Court Mediation and Conciliation Centre and settlement agreement dated 1 August 2023 is on record.

2. All parties are represented by learned Counsel today.

3. Learned Counsels for the parties undertake on behalf of their respective clients to remain bound by the terms of settlement.

4. The Court has perused the terms of settlement and finds them to be in order and enforceable.

5. As such, the dispute does not survive for consideration.

6. The suit stands disposed of in terms of the settlement agreement dated 1 August 2023 by which parties shall remain bound.

7. The plaintiff shall be entitled to refund of court fee, if any, deposited by it.

8. Let a decree sheet be drawn up by the Registry accordingly.

9. Miscellaneous pending applications also stand disposed of.

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