Kotak Mahindra Bank Ltd v. R.M. Minerals Pvt Ltd

Delhi High Court · 15 Sep 2011 · 2011:DHC:7668
Manmohan
CO.PET. 122/2011
2011:DHC:7668
civil petition_dismissed

AI Summary

The Delhi High Court disposed of the petition based on a mutually agreed Settlement Agreement reached through mediation, binding both parties and allowing revival upon breach.

Full Text
Translation output
#1 $- HIGH COURT OF DELHI
CO.PET. 122/2011
M/S KOTAK MAHINDRA BANK LTD Petitioner
Through Ms. Pratiti Rungta, Advocate
VERSUS
MIS R.M. MINERALS PVT LTD Respondent
Through Mr. Manoj Verma, Assistant Manager of respondent-company in person.
/
CORAM:
HON'BLE MR. JUSTICE MANMOHAN 15.09.2011 Both Ms. Pratiti Rungta, learned counsel for petitioner and
Mr. Manoj Verma, Assistant Manager of respondent-company who is personally present in COurt state that dispute between the parties have been amicably resolved before the Mediation Centre, Tis Hazari
Courts, Delhi.
Mr. Manoj Verma has handed over a copy of the Settlement
Agreement dated 3rd September, 2011. The same is taken on record.
Both the parties are held bound by said Settlement Agreement.
CO.PET 12212011 2011:DHC:7668 Accordingly, the present petition stands disposed of in terms of the aforesaid Settlement Agreement dated 3rd September, 2011. In the event of breach of the said Settlement Agreement, the aggrieved party is granted liberty to seek revival of the present petition.
With the aforesaid observations, the present petition stands disposed of.
It MANMOThVNJ SEPTEMBER 15, 2011 m COPET. 12212011 Page 2of2
2011:DHC:7668
JUDGMENT