Redico Khaitan Finance Ltd v. ETINFRA Developer Pvt Limited

Delhi High Court · 26 Apr 2017 · 2017:DHC:8536
Manmohan
CONT.CAS(C)71/2017
2017:DHC:8536
civil other

AI Summary

The Delhi High Court disposed of contempt petitions after parties amicably resolved their dispute through a Settlement Agreement and an arbitral award, holding them bound by their undertakings.

Full Text
Translation output
4&5 HIGH COURT OF DELHI
CONT.CAS(C)71/2017
REDICO KHAITAN FINANCE LTD Petitioner
Through:Mr.Jeevesh Nagrath,Advocate with Mr.Pratham Sharma and Mr.Rohan
Ganpathy,Advocates.
VERSUS
ETINFRA DEVELOPERSPVTLIMITED Respondent
Through: Mr.Akhilesh Arora,Advocate.
AND
CONT.CAS(C)72/2017
PARVATIHOLDING PVT LTD Petitioner
Through:Mr.Jeevesh Nagrath,Advocate with Mr.Pratham Sharma and Mr.Rohan
Ganpathy,Advocates.
VERSUS
ETINFRA DEVELOPERSPVTLIMITED Respondent
Through: Mr.Akhilesh Arora,Advocate.
CORAM:
HON'BLE MR.JUSTICE MANMOHAN
26.04.2017 Learned counsel for petitioners states that the matters have been amicably resolved between the parties by way of Settlement Agreement
2017:DHC:8536 dated 14^ March,2017. He further states that an arbitral award dated 15"^
April, 2017 has also been passed in accordance with the Settlement
Agreement.
Both the learned counsel assure and undertake to this Court that the
SettlementAgreementdated 14^March,2017shall be complied with.
The statements made by both the learned counsel are accepted by this
Courtand parties are held bound by the same.
In view thereof, present contempt petitions are disposed of in accordance with the Settlement Agreementdated 14^ March,2017.
\L APRIL 26,2017 js MANMOHAN,J S' 2017:DHC:8536
JUDGMENT