Genesis Dream Merchants Pvt. Ltd. v. Usha Bansal & Ors.

Delhi HC19 Feb 2026CS(COMM)/817/2024

Case brief

AI extract

What is this about?

Consent decree; Order XXIII Rule 3 CPC; Section 151 CPC; settlement agreement dated 06.02.2026; Genesis Dream Merchants Pvt Ltd v Usha Bansal & Ors.; CS(COMM) 817/2024; I.A. 3960/2026; payment undertaking Rs. 2,75,00,000/- (Rs. 2.75 crore) via RTGS by 28.02.2026; refund of 100% court fees; suit decreed and disposed; Delhi High Court; Mini Pushkarna, J.; order dated 19.02.2026.

What did the court decide?

Consent decree passed in terms of the Settlement Agreement dated 06.02.2026; parties bound by its terms and barred from raising disputes on settled matters; Certificate of Refund of 100% Court Fees directed to be issued to the plaintiff; suit and pending applications disposed of; next date of 10.03.2026 cancelled. ¶¶37

Genesis Dream Merchants Pvt. Ltd. Vs Usha Bansal & Ors. — Delhi HC (2026) — LawSathi Research

What the court decided

AI extract

Outcome

¶¶37

Issue for consideration

Whether the Settlement Agreement dated 06.02.2026 satisfies the essentials specified in Order XXIII Rule 3 CPC such that the suit may be decreed in its terms. +2 more

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Court's answer

The Court found that the settlement was arrived at after following due procedure, that its terms are lawful, and that the Settlement Agreement dated 06.02.2026 meets the essentials of Order XXIII Rule 3 CPC; accordingly, with the consent of the parties, a consent decree was passed in terms of the Settlement Agreement and the suit stands decreed accordingly.

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Ratio / Principle

The parties are held bound by the Settlement Agreement dated 06.02.2026, shall abide by its terms and conditions, and none of them shall raise any dispute with respect to the issues settled by it.

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Key takeaways

In view of the settlement, the Registry of the Court is directed to issue a Certificate of Refund of 100% Court Fees to the plaintiff.ratio¶¶36
With the aforesaid directions, the present suit, along with the pending applications, stands disposed of, and the next date of hearing (10.03.2026) stands cancelled.ratio¶¶37

Detailed headnote1 paragraphs

Delhi High Court (Mini Pushkarna, J.), CS(COMM) 817/2024, order dated 19.02.2026: On I.A. 3960/2026 filed by defendant nos. 1 and 2 under Order XXIII Rule 3 read with Section 151 CPC, the Court recorded that the parties had voluntarily settled all disputes and executed a Settlement Agreement dated 06.02.2026, found that it met the essentials of Order XXIII Rule 3 CPC, and passed a consent decree in its terms. Under the agreement, the Sellers (D-1 & 2) undertook to pay Rs. 2,75,00,000/- to GDMPL through RTGS on or before 28.02.2026. Parties were held bound by the agreement and barred from reopening settled issues; the Registry was directed to issue a Certificate of Refund of 100% Court Fees to the plaintiff; the suit and pending applications were disposed of and the next date (10.03.2026) cancelled.

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$~13

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* IN THE HIGH COURT OF DELHI AT NEW DELHI

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- CS(COMM) 817/2024 & I.A. 3960/2026

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GENESIS DREAM MERCHANTS PVT LTD. .....Plaintiff

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Through: Mr. Tishampati Sen, Mr. Shubhanshu Gupta and Ms. Sejal Jain, Advocates Mob: 8209103852 Email: [email protected] versus USHA BANSAL & ORS. .....Defendants Through: Mr. Sahasradeep Sharma, Mr. Raghav Sharma and Ms. Pragya, Advocates for D-1 & 2. Mob: 9999597976 Email: [email protected] Mr. Rajesh Mahindru, Adv. for D-3 & 4. Mob: 9810194135 Email: [email protected] Mr. Arvind Kumar Shukla and Mr. Sanskar Krishnan, Advs. for D-7 to 10 Email: [email protected] Mr. Manish Kumar Singh, Advocate for D-11 Mob: 7703985201 Email: [email protected]

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Page 1 of 4

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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 21/02/2026 at 11:12:13

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CORAM: HON'BLE MS. JUSTICE MINI PUSHKARNA

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O R D E R 19.02.2026

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I.A. 3960/2026 (Application under Order XXIII Rule 3 read with Section 151 of Code of Civil Procedure, 1908)

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The present application has been filed under Order XXIII Rule 3 read with Section 151 of the Code of Civil Procedure, 1908 (“CPC”) on behalf of defendant nos. 1 and 2, seeking to place on record the Settlement Agreement dated 06^th February, 2026, entered into between the parties, and to decree the present suit in terms of the said Settlement Agreement.

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It is submitted that during the pendency of the present matter, the parties have, with the intervention of well-wishers and on their own free will, amicably resolved and settled all disputes and differences forming the subject matter of the present suit.

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It is submitted that pursuant to the said amicable settlement, the parties have executed a Settlement Agreement dated 06^th February, 2026, which records the complete understanding and terms mutually agreed between the parties.

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Learned counsels appearing for both the parties confirm that the settlement has been arrived at voluntarily, without any force, coercion, undue influence or misrepresentation, and that the parties are fully satisfied with the same.

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Thus, by way of the present application, it has been prayed that the Settlement Agreement dated 06^th February, 2026, executed between the parties, may be taken on record.

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Page 2 of 4

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Learned counsel appearing for the plaintiff submits that by way of the Settlement Agreement dated 06^th February, 2026, the defendants have given an undertaking with respect to the payment to be made to the plaintiff. The said undertaking on behalf of the defendant nos. 1 and 2 as recorded in the Settlement Agreement dated 06^th February, 2026, reads as under:

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“xxx xxx xxx

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1. PAYMENT TERMS:

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The Sellers unequivocally acknowledge, admit and undertake to pay an amount of Rs. 2,75,00,000/- (INR Two Crores Seventy-Five Lakhs Only) on or before 28.02.2026 to GDMPL through RTGS.

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xxx xxx xxx”

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Learned counsel appearing for the defendant nos. 1 and 2 reiterates the said undertaking as already recorded in the Settlement Agreement and submits that the said defendants undertake to make timely payment of the amount as agreed by way of the settlement.

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Learned counsel appearing for the plaintiff is satisfied with the aforesaid undertaking.

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This Court has perused the terms of the Settlement Agreement dated 06^th February, 2026, as per which, the parties have arrived at a mutual settlement in respect of the disputes between the parties and it is clearly recorded that the Settlement Agreement has been entered by the parties independently, without any coercion, fraud or undue influence.

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This Court is satisfied that the settlement has been arrived at between the parties after following the due procedure, the terms therein are lawful and accordingly, the Settlement Agreement meets the essentials specified in Order XXIII Rule 3 of CPC.

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Accordingly, with the consent of the parties, a consent decree is

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Page 3 of 4

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hereby passed in the terms of the Settlement Agreement dated 06^th February, 2026, and following directions are issued in this regard:

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i. The parties are hereby held bound by the aforesaid Settlement Agreement dated 06^th February, 2026, and they shall abide by the terms and conditions as set out in the Agreement.

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ii. None of the parties shall raise any dispute with respect to the issues which have been settled by way of the present Settlement Agreement.

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Accordingly, in view of the aforesaid, the present suit stands decreed in terms of the Settlement Agreement dated 06^th February, 2026.

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Let the decree sheet be prepared by the Registry in accordance with the aforesaid consent terms between the parties.

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At this stage, learned counsel appearing for the plaintiff prays for refund of the Court Fee, in view of the settlement between the parties. 15. Considering the fact that the parties have arrived at settlement, the Registry of this Court is directed to issue a Certificate of Refund of 100% Court Fees to the plaintiff.

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With the aforesaid directions, the present suit, along with the pending applications, stands disposed of.

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The next date of 10^th March, 2026, stands cancelled.

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MINI PUSHKARNA, J

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FEBRUARY 19, 2026/ SK

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Page 4 of 4

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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 21/02/2026 at 11:12:13

Genesis Dream Merchants Pvt. Ltd. v. Usha Bansal & Ors.

Case brief

What is this about?

What did the court decide?

Genesis Dream Merchants Pvt. Ltd. v. Usha Bansal & Ors.

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

Procedural history

Parties & counsel

Coram

Case details

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