The suit was disposed of after the plaintiff and defendant No.1 settled before the Delhi High Court Mediation and Conciliation Centre, executing a Settlement Agreement and passing a decree.
A decree was passed in terms of the Settlement Agreement; court fees were refunded; suit was disposed of.
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PEPSICO, INC.
..... Plaintiff
Through Mr.Dheeraj Nair, Mr.Kunal Mimani and Mr.Shantanu Parashar, Advs.
versus
M/S. SHAKUNTLA INDUSTRIES & ANR ..... Defendants Through Mr. Atul Bandhu and Ms.Hemangini Jain, Advs.for D-1.
CORAM: HON'BLE MR. JUSTICE JAYANT NATH
%
O R D E R 07.12.2018
The plaintiff and defendant No. 1 have settled the matter before the Delhi High Court Mediation and Conciliation Centre. They have executed a Settlement Agreement dated 19.11.2018. The Settlement Agreement is duly signed and executed by the plaintiff and defendant No. 1 and their respective counsel. The terms and conditions of the Settlement are stated in para 6 of the Settlement Agreement. The terms and conditions of the settlement are legal and valid. In terms of the Settlement Agreement, learned counsel for defendant No. 1 has today handed over to the learned counsel for plaintiff a demand draft of Rs. 10,000/- dated 22.11.2018 drawn on SBI in favour of J. Sagar Associates in full and final settlement of the claim of the damages of the plaintiff.
A decree is passed in terms of the Settlement Agreement. The plaintiff
and defendant No. 1 shall remain bound by the terms and conditions of the settlement.
In view of the settlement before the Delhi High Court Mediation and Conciliation Centre, the plaintiff shall be entitled to refund of the court fees. The suit stands disposed of.
JAYANT NATH, J
DECEMBER 07, 2018 rb
JAYANT NATH
As recorded by the court registry
A suit of a commercial nature above the specified value, governed by the Commercial Courts Act 2015.
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