National Buildings Construction Corporation Ltd. v. Shiv Chand Kumar
Case brief
What is this about?
Settlement-based disposal of two Delhi High Court first appeals (FAO 409/2011 and FAO 411/2011, with CM APPLs. 17884/2026 and 18308/2026): National Buildings Construction Corporation Ltd v. Shiv Chand Kumar; order dated 06.05.2026 by Justice Manoj Kumar Ohri; Settlement Agreement dated 29.04.2026 before Samadhan (Delhi High Court Mediation & Conciliation Centre); settlement amount Rs. 14,21,801/- payable in equal parts within ten days; respondent's execution proceedings before the Executing Court to be withdrawn and satisfied on receipt; consent to withdrawal of deposit and discharge/cancellation of bank guarantees; parties bound by settlement terms; petitions disposed of.
What did the court decide?
Both petitions disposed of in terms of the Settlement Agreement dated 29.04.2026; parties directed to remain bound by its terms; appellant to pay Rs. 14,21,801/- in equal parts within ten days of signing; respondent's execution proceedings to stand withdrawn/satisfied on receipt, with respondent's consent to withdrawal of the deposit and discharge/cancellation of the bank guarantees before the Executing Court.