Disputes can be effectively resolved through mediation, and courts may dispose of petitions based on the terms agreed in a settlement, provided all parties consent.

Headnote:(A) Arbitration and Conciliation Act, 1996 - Sections relevant to mediation and settlement agreements - Dispute between parties resolved through mediation with a Settlement Agreement dated 12th October, 2021 - Counsel for both parties agree to abide by terms - Court disposes of petition in view of settlement agreement as nothing survives for adjudication. (Paras 1-6)

(B) Settlement and Mediation - Court acknowledges the role of mediation in amicably resolving disputes, enforcing the terms of the Settlement Agreement as part of the court order. (Para 4)

Facts of the case:
The parties to the dispute, Samsung India Electronics Pvt. Ltd. and Trinity Sales and Services, reached an amicable resolution facilitated by the Delhi High Court Mediation & Conciliation Centre. A Settlement Agreement dated 12th October, 2021 was placed on record.

Findings of Court:
The Court recognized the Settlement Agreement as integral to the order and noted that no further matters remained for adjudication.

Issues: The main issue was whether the settlement reached through mediation was sufficient to dispose of the ongoing petition.

Ratio Decidendi: The court found that the terms set forth in the Settlement Agreement were adequate to resolve the dispute, allowing for the petition's disposal as no further claims were pending.

Result: Petition disposed of in terms of the settlement agreement.

Table of Content
1. dispute resolved by settlement agreement. (Para 1 , 2)
2. counsel's commitment to settlement terms. (Para 3 , 4)
3. petition disposed per settlement agreement. (Para 5 , 6)

(Video-Conferencing)

1. The dispute between the parties stands amicably resolved, with the intervention of the Delhi High Court Mediation & Conciliation Centre.

2. The Settlement Agreement dated 12th October, 2021 has been placed on record.

3. Learned Counsel for the parties are also present. They undertake, on behalf of their clients, to abide by the terms and conditions thereof.

4. The Settlement Agreement dated 12th October, 2021 shall be treated as a part of this order.

5. In view thereof, nothing survives for adjudication in this petition.

6. The petition is accordingly disposed of in terms of the settlement agreement dated 12th October, 2021.