Disposed¶21

Svamaan Financial Services Private Limited v. Sammaan Capital Limited & Ors.

Delhi HC19 Mar 2025CS(COMM)/871/2024

Case brief

AI extract

What is this about?

Compromise/settlement decree; Order XXIII Rule 3 CPC application allowed; consent terms dated 12 March 2025 found lawful; suit CS(COMM) 871/2024 (Svamaan Financial Services Pvt. Ltd. v. Sammaan Capital Ltd. & Ors., defendants D-1 to D-5) decreed in terms of settlement; plaintiff waived claims against defendant no. 5; Delhi High Court, Justice Amit Bansal, decided 19 March 2025 (I.A. 7277/2025).

What did the court decide?

Joint application under Order XXIII Rule 3 CPC allowed; suit decreed in terms of the settlement (consent terms dated 12 March 2025); parties bound by settlement terms; plaintiff does not claim relief against defendant no. 5; decree sheet to be drawn up and the application with its documents to form part of the decree; date fixed for 22 July 2025 cancelled. ¶21

Svamaan Financial Services Private Limited Vs Sammaan Capital Limited & Ors. — Delhi HC (2025) — LawSathi Research

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$~54

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* IN THE HIGH COURT OF DELHI AT NEW DELHI

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I.A. 7277/2025 IN

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CS(COMM) 871/2024

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SVAMAAN FINANCIAL SERVICES PRIVATE LIMITED .....Plaintiff Through: Mr. Sidharth Chopra, Mr. Himashu Bagai, Mr. Kushal Gupta and Mr. Kuber Mahajan, Advocates

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versus

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SAMMAAN CAPITAL LIMITED & ORS. .....Defendants Through: Ms. Aadya Chawla, Ms. Nandini Choudhary, Mr. Pratham Mehrotra and Mr. Abhay Agnihotri, Advocates for D-1, D-3 and D-4 Mr. Ritesh Kumar, Ms. Malvika Kamal, Mr. Naman T.A. Gowda and Mr. Adithya Devarayan, Advocates for D-2 Mr. Mrinal Ojha, Mr. Debarshi Dutta, Ms. Nikita Rathi and Mr. Arjun Mookerjee, Advocates for D-5

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CORAM: HON'BLE MR. JUSTICE AMIT BANSAL

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O R D E R % 19.03.2025

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I.A. 7277/2025 (u/O-XXIII Rule 3 of the CPC)

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This is a joint application filed on behalf of the parties under Order XXIII Rule 3 of the Code of Civil Procedure, 1908 for recoding of

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Page 1 of 2

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CS(COMM) 871/2024

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This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 22/03/2025 at 17:43:40

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compromise arrived at between the parties.

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The application has been duly signed by the authorised signatories of the parties and is also supported by their respective affidavits.

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The consent terms of the settlement drawn on 12^th March, 2025 have been filed as Document 1 with the present application and the same also bears the signatures of the authorised signatories of the parties.

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