Rishabhnath Infrastructure Pvt. Ltd. v. Mainee Steel Works Pvt. Ltd.

Delhi HC18 Mar 2025RFA(COMM)/436/2024

Case brief

AI extract

What is this about?

RFA(COMM) 436/2024; Rishabhnath Infrastructure Pvt. Ltd v. Mainee Steel Works Pvt. Ltd; Delhi High Court; order dated 18.03.2025 (Vibhu Bakhru and Tejas Karia, JJ.); appeal disposed of on mediated settlement dated 10.03.2025 (DHCMCC); parties bound down to settlement; ₹5,00,000 deposit released with accrued interest; liberty to revive on non-compliance; hearing of 26.05.2025 cancelled.

What did the court decide?

Appeal RFA(COMM) 436/2024 disposed of in view of the settlement dated 10.03.2025; parties bound down to the settlement agreement; ₹5,00,000 deposit with accrued interest directed to be released to the appellant; CM APPL. 15709/2025 allowed; liberty to revive the appeal if settlement terms are not fully complied with; hearing scheduled on 26.05.2025 cancelled. ¶¶21

Rishabhnath Infrastructure Pvt. Ltd. Vs Mainee Steel Works Pvt. Ltd. — Delhi HC (2025) — LawSathi Research

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$~90

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* IN THE HIGH COURT OF DELHI AT NEW DELHI

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- RFA(COMM) 436/2024

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RISHABHNATH INFRASTRUCTURE PVT. LTD

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.....APPELLANT

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Through: Mr Varun Garg and Mr Utkarsh, Advocates.

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versus

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MAINEE STEEL WORKS PVT. LTD

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.....RESPONDENT Through: Mr N K Gupta, Mr Aayush Tripathi, Mr Pranjal Vyas, Advocates.

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CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRU HON'BLE MR. JUSTICE TEJAS KARIA

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O R D E R

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% 18.03.2025

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CM APPL. 15709/2025(direction)

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This is a joint application filed by the parties, inter alia, praying that the settlement agreement dated 10.03.2025 – which was arrived at before the Delhi High Court Mediation and Conciliation Centre (DHCMCC) – be taken on the record.

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Additionally, the parties pray that the amount of ₹5,00,000/- which was deposited by the appellant before this court be released to the appellant along with the accrued interest, if any.

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The settlement agreement dated 10.03.2025 is placed on the record. The parties are bound down to the settlement agreement dated 10.03.2025.

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The Registry is directed to release the amount of ₹5,00,000/deposited by the appellant along with accrued interest to the appellant.

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The present application is allowed in the aforesaid terms.

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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 24/03/2025 at 14:37:27

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RFA(COMM) 436/2024

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In view of the settlement so arrived at between the parties and as noted above, the captioned appeal is disposed of with the liberty to revive the same in the event the terms of the settlement agreement are not fully complied with.

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The hearing scheduled on 26.05.2025 is cancelled.

VIBHU BAKHRU, J

TEJAS KARIA, J

MARCH 18, 2025 M

Click here to check corrigendum, if any

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This is a digitally signed order.

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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 24/03/2025 at 14:37:27

Rishabhnath Infrastructure Pvt. Ltd. v. Mainee Steel Works Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

Rishabhnath Infrastructure Pvt. Ltd. v. Mainee Steel Works Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

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