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DELHI HIGH COURT
C.HARI SHANKAR
Gail Gas Ltd. – Appellant
Versus
Bapu Industries – Respondent
| Table of Content |
|---|
| 1. settlement agreement details (Para 1) |
| 2. no objection from counsel (Para 2) |
| 3. disposal of petition per settlement (Para 3 , 4 , 5 , 6) |
I.A. 2839/2021(under Section 151 of CPC, 1908- to bring settlement agreement on record)
1. By this application, the petitioner seeks permission to place on record the settlement agreement dated 11th December, 2020, whereby the petitioner and the respondent have settled the disputes among themselves, and for disposal of the present petition in terms thereof.
2. Mr. Pankaj Kumar Singh, learned counsel for the respondent, has no objection.
3. In view thereof, this petition stands disposed of in terms of the settlement agreement dated 11th December, 2020, executed between the parties and annexed with this application.
4. The settlement agreement shall be treated as an annexure to this Order and both sides shall be bound thereby.
5. The application as well as the petition stand disposed of in the aforesaid terms.
O.M.P.(COMM) 309/2020
6. In view of the order passed in I.A. 2839/2021, this petition stands disposed of.
The court recognized the binding nature of the settlement agreement between the parties and dismissed the petition as the dispute was resolved.
A suit can be decreed based on a mutual settlement between the parties, rendering further adjudication unnecessary.
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.
Parties can voluntarily arrive at a settlement even if they are not parties to the civil suit, and a valid Settlement Agreement will be binding on the parties.
Mediation is effective in resolving disputes, and once a settlement is achieved, no further adjudication is warranted.
Parties may settle disputes leading to a decree under Order XXIII, Rule 3 of the CPC, provided the terms are clear and binding.
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