$~41

* IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CS(COMM) 164/2025, I.A. 4947/2025, I.A. 11880/2025, I.A.

21589/2025 & I.A. 32573/2025

NEW BALANCE ATHLETICS, INC. .....Plaintiff

Through: Ms. Anuja Chaudhary & Ms. Adhya,

Advocates.

versus

ANKIT GUPTA AND ANR. .....Defendants

Through: Ms. Shreya Gagneja, Advocate

(through VC).

CORAM:

HON'BLE MR. JUSTICE TEJAS KARIA

O R D E R

% 23.12.2025

I.A. 32573/2025

1. This is a joint Application filed by the Parties under Order XXIII Rule

3 read with Section 151 of the Code of Civil Procedure, 1908.

2. The learned Counsel for the Parties submitted that during the pendency of the present Suit, the Parties have been able to amicably settle the disputes in the present Suit on the following terms (“Terms of

Settlement”):

“2. The parties submit that during the pendency of the suit, the Plaintiff and the Defendants have arrived at an amicable settlement on the following terms and conditions, without prejudice to their

respective rival contentions:

a. This settlement agreement binds the Plaintiff, its affiliated

companies, distributors and franchisees, as well as the Defendant No. 1, Ankit Gupta, trading as Anvik International, and the Defendant No. 2, Shankar Lal, trading