Ireo Private Limited v. Phoenix Family Office Advisers Pvt. Ltd.
$~74 * IN THE HIGH COURT OF DELHI AT NEW DELHI + RFA(COMM) 500/2025 CM APPL. 12130/2026 IREO PRIVATE LIMITED .....APPELLANT Through:
Mr. Sharath Sampath & Ms. Kavya Singh, Advs.
versus PHOENIX FAMILY OFFICE ADVISERS PVT. LTD.
.....RESPONDENT Through:
Mr. Viabhav Chawla, Mr. Dhruv Chawla, Mr. Vipul Saini & Mr.
Huzaifa Ibrahim, Advs.
CORAM:
HON'BLE MR. JUSTICE DINESH MEHTA HON'BLE MR. JUSTICE VINOD KUMAR
O R D E R
% 09.04.2026 1.
The instant appeal is directed against the order dated 17.05.2025 passed by the learned District Judge (Commercial Courts)-01 South District, Saket, New Delhi.
2.
Learned counsel for the appellant submitted that during the pendency of the present appeal, the parties have entered into a settlement and the same has been reduced into writing on 24.03.2026 under the caption of 'Settlement Agreement'.
3.
Learned counsel further submitted that since the parties have resolved the dispute by way of a settlement, the present appeal be disposed of in term of the said settlement and the Court fee which the appellant had paid, be The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 13/04/2026 at 12:16:31
ordered to be refunded.
4.
In order to support his claim that the Court fee in question can be refunded, learned counsel invited the Court's attention towards the amendment that has been brought in the Court Fees (Delhi Amendment) Act, 2026 by way of notification dated 06.03.2026, whereby Section 16 of the Act of 1870 has been amended.
5.
Learned counsel for the respondent accepts the factum of settlement having taken place between the parties on 04.03.2026 and that the para no. 3 of the terms of settlement enjoins upon the appellant to withdraw the appeal. 6.
Thus, the appeal is dismissed as withdrawn in terms of the settlement. 7.
The Registry is directed to refund the Court fee to the appellant in terms of the amendment brought into the Act of 1870 by way of notification dated 06.03.2026.
8.
Ordered accordingly. All interlocutory applications are disposed of. DINESH MEHTA, J VINOD KUMAR, J APRIL 9, 2026/sr The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 13/04/2026 at 12:16:31