Bristol Myers Squibb Holdings Ireland Unlimited Company v. Triveni Interchem Private Limited

1. The dispute in this case stands separately settled by the plaintiff with Defendants 1 and 2, vide settlement agreement dated 14 September 2023 and with Defendant 3 vide settlement agreement dated 26 April 2023, both with the intervention of the Delhi High Court Mediation and Conciliation Centre.

2. Both the settlement agreements are on record.

3. Defendants are represented by learned Counsel. The terms of settlement between the plaintiff and Defendants 1 and 2 read thus: “1. The Defendants acknowledge the validity of the Plaintiff No. 1's patent, IN 247381 which expired on September 17, 2022.

2. The Defendants confirm that, subsequent to filing of the present suit, they discontinued selling 'Apixaban' and/ or any of its pharmaceutically acceptable saltsin in any form (API or finished formulation under any the brand name whatsoever), till the expiry of suit patent on September 17, 2022.

3. The Defendants agree to pay INR 1,00,000/- as token amount towards costs and damages to the Plaintiffs.

4. The undertakings given above by the Defendants shall be binding henceforth on the Defendants, their associates, representatives, successors, partners, agents, employees, affiliates and assignees-in-business.

5. In view of the settlement arrived at between the parties, the present suit may be decreed in terms of the aforesaid terms of settlement and the Plaintiffs are entitled to seek full refund of the court fees paid by it under Section 16 of the Court Fees Act, 1870.

6. That in case of any breach of the terms of settlement, the Plaintiffs reserve their right to seek any remedies available to them in law and equity including a right to revive the suit and claim damages against the Defendant No. 1.

7. The Parties agree that they have executed the present Settlement Agreement of their own free will and volition, without any force or pressure from any person. The Parties also agree that they have understood the contents of the present Settlement Agreement as the same have been explained to them by the Mediator and their respective counsel, in the presence of each other and they have consented to the same in its true letter and spirit, and as such they shall not dispute the same ever in future.

8. The Parties agree that they shall abide by the terms and conditions set out in the present Settlement Agreement and shall not dispute the same hereinafter in future either themselves or through any third parties. The Parties further agree that the statements made by them herein in this Settlement Agreement shall be taken as their respective undertakings before the Hon'ble Court.

9. The Parties hereto state that they have no further claims or demands against each other and all the disputes and differences in respect of the subject matter of the present suit have been amicably settled by the Parties hereto through the process of mediation.

10. The Parties undertake to present themselves before the Hon'ble Court during the hearing, either physically, or virtually confirming the terms of the Settlement Agreement.”

4. The terms of settlement between the plaintiff and Defendant 3 read thus: