Ruptok Fintech Private Limited & Anr. v. Mag Finserv Private Limited.
Case brief
What is this about?
Delhi High Court order dated 09.04.2025 in O.M.P.(I) (COMM.) 360/2024 (Justice Jyoti Singh) — Ruptok Fintech Private Limited & Anr. v. MAG Finserv Private Limited; petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim measures (rendition of accounts; securing Rs. 2,98,44,506.48/- via bank guarantee/FDR; restraint on alienating securities) arising out of a loan transaction dispute; disposed of on amicable settlement recorded in a Memorandum of Understanding dated 12.02.2025; application I.A. 9379/2025 under Section 151 CPC for a decree in terms of the settlement allowed; settlement made part of the order and binding on the parties. Relevant to searches on disposal of Section 9 petitions upon settlement, decrees in terms of compromise/MoU, and Section 151 CPC applications.
What did the court decide?
Application I.A. 9379/2025 allowed and disposed of with the Memorandum of Settlement dated 12.02.2025 taken on record and accepted; the Section 9 petition disposed of in view of the settlement; settlement agreement made part of the order and binding on the parties.