Disposed
S. Jaspreet Singh Proprietor M/S. Metro Lubes v. Usha Malik, Proprietor M/S. Vanshika Trading Co.
Delhi HCARB.P./371/2023
Case brief
AI extract
What is this about?
Parties to an arbitration petition resolved their disputes through mediation and filed a settlement agreement dated 06.03.2024 providing for staged payments by the respondent. The court found the settlement lawful, accepted it, bound the parties to its terms, and disposed of the petition as withdrawn.
What did the court decide?
Settlement accepted; parties bound by its terms; petition permitted to be withdrawn and disposed of with pending applications.