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IN THE HIGH COURT OF DELHI
Suresh Kumar Kait, J.
Atul Kumar - Appellant
Versus
Naomi Rewari - Respondent
Arb.P. 1020 of 2021
Decided On : 09-02-2022
Important Points
Subject
Arbitration - Mediation and Settlement
Headnote
Facts of the case:
The petition was filed seeking the appointment of a sole arbitrator, but the matter was later referred for mediation, leading to an amicable settlement.
Findings of Court:
The petition is disposed of in accordance with the terms of the Settlement Agreement.
Issues: The primary issue was the resolution of disputes between the parties through mediation.
Ratio Decidendi: The court emphasized that parties shall be bound by their amicable settlement as provided in the Settlement Agreement.
Result: Petition disposed of in terms of Settlement Agreement.
| Table of Content |
|---|
| 1. filing under arbitration act (Para 1 , 2) |
| 2. parties have settled disputes (Para 3 , 4 , 5) |
| 3. petition disposed as per settlement (Para 6) |
| 4. parties bound by settlement terms (Para 7) |
JUDGMENT (Oral)
The hearing has been conducted through video conferencing.
1. The present petition has been filed under Section 11 (6) of the Arbitration and Conciliation Act, 1996 seeking appointment of sole Arbitrator.
2. Vide order dated 12.10.2021, the matter was referred to Delhi High Court Mediation and Conciliation Centre for making an effort to amicably resolve their disputes.
3. Today, learned counsel for parties have jointly submitted that parties have amicably settled their disputes before the Delhi High Court Mediation and Conciliation Centre in terms of Settlement Agreement dated 13.01.2022.
4. Learned counsel for the petitioners submits that in terms of aforesaid settlement, the present petition be disposed of.
5. Learned counsel appearing on behalf of respondent submits that the respondents undertake to abide by the terms of aforesaid Settlement Agreement dated 13.01.2022.
6. Accordingly, the present petition is disposed of in terms of Settlement Agreement dated 13.01.2022.
7. Needless to say, parties shall be bound by the terms of aforesaid Settlement Agreement.
