Ms Aman Hospitality Pvt. Ltd. v. Ms Smr Steels Pvt. Ltd.
Case brief
What is this about?
RFA 99/2022; High Court of Delhi; Girish Kathpalia, J.; order dated 19.02.2025; MS Aman Hospitality Pvt Ltd vs MS SMR Steels Pvt Ltd; disposal of Regular First Appeal as compromised; joint application CM APPL. 76295/2024 for recording of statement of compromise; settlement agreement dated 12.12.2024 (annexure A); lawful compromise of dispute; release of Rs. 50,00,000/- from fixed deposit lying with Registry to respondent through Director Piyush Goel; balance to appellant through Authorised Representative; Registrar General listing 27.02.2025.
What did the court decide?
Appeal disposed of as compromised in terms of the settlement agreement dated 12.12.2024 (annexure A): Rs. 50,00,000/- out of the amount deposited by the appellant with the Registry in the form of fixed deposit, along with interest accrued thereon, to be released to the respondent through its Director Mr. Piyush Goel; the remainder, if any, to be released to the appellant through its Authorised Representative; matter listed before the Registrar General on 27.02.2025 for release.