Nitin Gupta v. Genesis Infratech Private Limited

Delhi High Court · 09 Oct 2020 · 2020:DHC:2976
C. Hari Shankar
ARB.P. 253/2020 & ARB.P. 260/2020
2020:DHC:2976
arbitration petition_allowed

AI Summary

The Delhi High Court disposed of two arbitration petitions by recording a settlement agreement reached through court-sponsored mediation, binding the parties to its terms.

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ARB.P. 253/2020 & ARB.P. 260/2020
HIGH COURT OF DELHI
I.A. 9167/2020 in ARB.P. 253/2020
MANIKA GARG ..... Petitioner
Through: Mr. Nitin Gupta, Adv.
VERSUS
GENESIS INFRATECH PRIVATE LIMITED ..... Respondent
Through: Mr. Atul Kumar, Adv.
I.A. 9166/2020 in ARB.P. 260/2020
NITIN GUPTA ..... Petitioner
Through: Mr. Nitin Gupta, Adv.
VERSUS
GENESIS INFRATECH PRIVATE LIMITED ..... Respondent
Through: Mr. Atul Kumar, Adv.
CORAM:
HON'BLE MR. JUSTICE C. HARI SHANKAR O R D E R (ORAL)
09.10.2020 (Video-Conferencing)
JUDGMENT

1. The disputes, forming subject matter of these petitions, have been amicably resolved with the intervention of the Delhi High Court Mediation and Conciliation Centre and Settlement Agreement dated 23rd September, 2020, drawn-up under the aegis of the Delhi High Court Mediation and Conciliation Centre, has been placed on record along with this application. 2020:DHC:2976 ARB.P. 253/2020 & ARB.P. 260/2020

2. Learned counsel for both parties are present and confirm that the disputes have been settled.

3. In view thereof, these petitions are disposed of, in light of the Settlement Agreement dated 23rd September, 2020, constituting annexures to I.A. 9167/2020 in ARB.P. 253/2020 and I.A. 9166/2020 in ARB.P. 260/2020 respectively, which shall be treated as a part of this order.

4. The parties shall remain bound by the terms of the Settlement Agreement dated 23rd September, 2020.

5. These applications stand allowed accordingly.

C. HARI SHANKAR, J.