$~44 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CS(COMM) 950/2025 NOVARTIS AG & ANR. .....Plaintiffs Through: Ms. Mamta R. Jha, Ms. Anjeeta Rani, Ms. Pragya Jain and Mr. Aneesh Raj, Advs. versus NOVARISE PHARMACHEM PRIVATE LIMITED .....Defendant Through: Ms. Shivali Chaudhari, Adv.

(Through VC)

CORAM:

HON'BLE MS. JUSTICE MANMEET PRITAM SINGH ARORA

O R D E R

% 09.12.2025 I.A. 30765/2025

1. The present application has been filed jointly by the parties under Order XXIII Rule 3 of the Code of Civil Procedure, 1908 [CPC], seeking the disposal of the suit in terms of the Settlement arrived at between the parties.

2. The application stands duly signed by the parties and their directors, and is supported by their affidavits.

3. Learned counsel for the parties state that the plaintiffs and the defendants decided to settle their dispute amicably to avoid any further litigation.

3.1. They state that the terms of the settlement are more specifically recorded in paragraph ‘3’ of the captioned application.

3.2. It is stated that parties undertake to remain bound by the obligations assumed under the settlement.

4. This Court has perused the terms and conditions of the settlement agreement and is satisfied