The High Court of Delhi disposed of the suit by recording a settlement agreement signed by both parties. The terms were deemed fair and reasonable. Fifty percent of court fees were refunded to the plaintiff.
Suit disposed in terms of settlement; 50% of Court Fees refunded to plaintiff.
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M/S BIOCON LIMITED ..... Plaintiff
Through: Ms. Sanjana Saddy, Advocate.
versus
MR SHARAD JINDAL & ORS ..... Defendants Through: Ms. Leeza Grover, Advocate for defendant No.1.
CORAM: HON'BLE MR. JUSTICE VIPIN SANGHI
O R D E R % 29.02.2016
I.A. No. 2803/2016
This application has been moved under Order XXIII Rule 3 CPC to record settlement between the plaintiff and the defendant No.1. So far as the other defendants are concerned, the suit already stands decreed on 18.12.2015.
The application is signed by the parties, their respective counsel and is supported by the affidavit of Mr. Akhilesh Nand, Vice President (Legal) of the plaintiff company and Mr. Sharad Jindal (defendant No.1). The parties have also placed on record the settlement agreement dated 05.02.2016 as Annexure-A to the application, apart from the authorisation in favour of Mr.Akhilesh Nand, Vice President (Legal) of the plaintiff company. The terms of the settlement appear to be fair, just and reasonable and there is no
impediment in accepting the same. Accordingly, the said terms are accepted and shall bind the parties.
The suit stands disposed of in terms of the said settlement.
Since the parties have arrived at a settlement at the initial stage, 50% of the Court Fees is directed to be refunded to the plaintiff.
VIPIN SANGHI, J
FEBRUARY 29, 2016
B.S. Rohella
2 issues framed by the court
Whether an application under Order XXIII Rule 3 CPC to record a settlement agreement should be allowed.
Whether the court fees should be refunded partially on allowance of the settlement.
1 provisions across 1 enactments
VIPIN SANGHI
As recorded by the court registry
A civil suit filed on the original side of a High Court exercising ordinary original civil jurisdiction.
Judgements on the same questions, provisions and authorities, from every court
