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C. HARI SHANKAR
Bdr Pharmaceuticals International Pvt. Ltd. – Appellant
Versus
Bristol-myers Squibb Holdings Ireland Unlimited Company – Respondent
ORDER (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 12 October 2023 has been placed on record.
2. Learned counsel pray that the terms of settlement be not reproduced, as they are confidential. However, the Court has perused the terms of settlement and find them to be lawful and in order.
3. The parties are represented by learned Counsel who undertake on behalf of their respective clients to remain bound by the terms thereof.
4. In view of the aforesaid, the disputes in CA (COMM.IPD-PAT) 460/2022 and CS (COMM) 27/2020 do not survive for consideration.
5. Accordingly, CA (COMM.IPD-PAT) 460/2022 is disposed of as per the settlement agreement dated 12 October 2023.
6. CS (COMM) 27/2020 is disposed of as withdrawn as per the aforesaid settlement agreement dated 12 October 2023.
7. The plaintiff shall be entitled to refund of court fees paid in CS (COMM) 27/2020, if any.
8. Let the decree-sheet be drawn up accordingly.
Enforcement of settlement agreements and the court's discretion to dispose of disputes based on lawful and binding settlement agreements.
Enforceability and orderliness of the settlement agreement leading to the disposal of the suit and binding the parties to its terms
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.
The court upheld the validity of the settlement agreement and decreed the suit in terms of the agreement, with the parties remaining bound by its terms.
Settlement agreements reached through mediation are binding and enforceable, and courts will endorse such resolutions to finalize disputes.
Compromise reached through mediation is binding on parties, warranting a court fee refund due to early resolution before issue framing.
Mediation can effectively resolve disputes, allowing courts to decree settlements and refund court fees under relevant provisions when matters are amicably settled.
The court can decree a suit in terms of a settlement contained in undertaking affidavits filed by the parties, if nothing further remains for adjudication.
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