Ajay Khanna & Ors v. Bulls Investments Inc & Ors

Delhi High Court · 29 Jul 2015 · 2015:DHC:11096
Valmiki J. Mehta
ARB.P. 23/2015
2015:DHC:11096
arbitration petition_dismissed

AI Summary

The Delhi High Court dismissed arbitration petitions under Sections 9 and 11 after parties settled their dispute through mediation, holding no executable decree can be passed under these sections.

Full Text
Translation output
p \ HIGH COURT OF DELHI
ARB.P. 23/2015
AJAY KHANNA & ORS Petitioners
Through: Mr. Rajeev Saxena and Ms. Mehak Tanwar, Advs.
VERSUS
BULLS INVESTMENTS INC & ORS Respondents
Through; Ms. Urvika Suri, Adv. for R-1 to 4.
Mr. Rajeev Anand, AR.
O.M.P. 1086/2014
AJAY KHANNA & ORS Petitioners
Through: Mr. Rajeev Saxena and Ms. Mehak Tanwar, Advs.
VERSUS
BULLS INVESTMENTS INC & ORS Respondents
Through: Ms. Urvika Suri, Adv. for R-1 to 4.
Mr. Rajeev Anand, AR.
CORAM:
HON'BLE MR. JUSTICE VALMIKIJ. MEHTA
29.07.2015 Since the matters are settled as per the settlement agreement dated
8.6.2015 signed before the Mediation and Conciliation Centre, petitions are
ARB.P. 23/2015 &O.M.P. 1086/2014 page 1of2
2015:DHC:11096 not pressed but parties will be bound by the terms and conditions contained in the agreed settlement agreement dated 8.6.2015. It is further clarified that since petitions are only under Sections 9 & 11 of the Arbitration Act, no decree capable of execution is being passed.
^ VALMIKI J.MEHTA, J JULY 29,2015 ib ARB,?. 23/2015 &OM.P. 1086/2014 page2 of2
2015:DHC:11096
JUDGMENT