Morpheus Developers Pvt.. Ltd. & Anr. v. Akasa Finance Limited
Case brief
What is this about?
Settlement-based disposal; O.M.P. (COMM) 204/2025; OMP (ENF.) (COMM.) 184/2025; EX.APPL.(OS) 1233/2025; High Court of Delhi; Amit Bansal, J.; Morpheus Developers Pvt. Ltd. & Anr.; Akasa Finance Limited; decree holder; judgment debtors; Settlement Agreement dated 1st October 2025; Rs. 5 crores; Rs. 2,50,00,000/-; release of amount deposited with Registry; TDS deposit and TDS certificate; petitions and pending applications disposed; order dated 14.10.2025.
What did the court decide?
Both petitions and all pending applications disposed of in terms of the Settlement Agreement dated 1st October, 2025; Registry directed to release the balance Rs. 2,50,00,000/- deposited with the Registry to the respondent/decree holder; petitioners/judgment debtors to deposit the requisite TDS with the Income Tax Authorities and provide the TDS certificate to the respondent/decree holder; parties to remain bound by the terms of the Settlement Agreement.