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IN THE HIGH COURT OF DELHI
C. Hari Shankar, J.
Sarvdeep Garg - Appellant
Versus
Almond Infrabuild Pvt. Ltd. - Respondent
O.M.P.(I) (COMM.) 174 of 2021
Decided On : 21-10-2021
| Table of Content |
|---|
| 1. dispute settled through mediation. (Para 1 , 2 , 3) |
| 2. parties bound by settlement agreement. (Para 4) |
| 3. petition disposed in light of settlement. (Para 5) |
(Video-Conferencing)
O.M.P.(I) (COMM.) 174/2021, I.A. 7117/2021 (Section 151 CPC), I.A. 7118/2021 (Section 151 CPC) & I.A. 12654/2021 (Order I Rule 10 CPC)
1. This matter is taken up today as 18th October, 2021 being declared a holiday.
2. Consequent to the order passed on the last date of hearing, vakalatnama stands filed by Mr. Krish Kalra, on behalf of M/s ATS Infrastructure Ltd, which is one of the necessary parties to the settlement arrived at in this matter.
3. The dispute between the parties stands settled with the intervention of the Delhi High Court Mediation and Conciliation Centre. The Settlement Agreement dated 29th July, 2021 is already on record.
4. Learned counsel for the parties submit that parties undertake to abide and remain bound by the terms of the aforesaid Settlement Agreement. In view thereof, nothing survives for adjudication in the present matter.
5. The petition is, accordingly, disposed of in terms of the Settlement Agreement dated 29th July, 2021, by which the parties shall remain bound. Miscellaneous applications are also disposed of as being rendered infructuous.
Mediation is effective in resolving disputes, and once a settlement is achieved, no further adjudication is warranted.
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.
The court recognized the binding nature of the settlement agreement between the parties and dismissed the petition as the dispute was resolved.
Enforcement of Settlement Agreement
Settlement agreements can effectively dispose of a petition when agreed upon by both parties and appropriately recorded.
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.
A suit can be decreed based on a mutual settlement between the parties, rendering further adjudication unnecessary.
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