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IN THE HIGH COURT OF DELHI
C. Hari Shankar, J.
Deepti Patni - Appellant
Versus
Almond Infrabuild Private Limited - Respondent
O.M.P.(I) (COMM.) 133 of 2021 & I.A. 10123 of 2021
Decided On : 05-10-2021
C. Hari Shankar, J. The dispute in this case stands settled under the aegis of the Delhi High Court Mediation and Conciliation Centre. A copy of the settlement agreement dated 30th September, 2021 has been placed on record. The terms of settlement are contained in clauses 1 to 18 thereof. E-mails, evidencing consent of all the parties to this litigation, to the aforesaid settlement agreement are also placed on record. Parties agree to be bound by the terms of the settlement.
2. However, Mr. Srivastava, learned Counsel for the petitioners submits that the figure of Rs.36,93,616/-, contained in para 2 of the settlement agreement should be read as Rs.37,89,517/-. Learned Counsel for the respondents also acknowledges this fact.
3. As such, the parties would remain bound by the terms of settlement subject to the figure of Rs.36,93,616/- in para 2 of the settlement agreement be read as Rs.37,89,517/-.
4. In view thereof, nothing survives for adjudication in this petition. The petition alongwith pending application stands disposed of in terms of the aforesaid settlement agreement.
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.
Settlement agreements reached through mediation are binding and enforceable, and courts will endorse such resolutions to finalize disputes.
A settlement reached through mediation effectively resolves the dispute, leading to the dismissal of the suit.
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.
Enforcement of Settlement Agreement
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.
Enforcement of settlement agreements and the court's discretion to dispose of disputes based on lawful and binding settlement agreements.
Court-approved mediation led to a successful compromise settlement, which was incorporated into the decree.
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