Bank Of Maharashtra v. Asian Hotels (North) Ltd & ORS.

$~123 * IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO(OS) (COMM) 282/2024 and CM APPL. 72798-99/2024, CM APPL. 7734/2025, CM APPL. 7734/2025 BANK OF MAHARASHTRA .....Appellant Through:

Mr. Nishant Awana, Ms. Rini Badoni, Ms. Nitya Sharma and Mr. Vaibhav Yadav, Advs.

versus ASIAN HOTELS (NORTH) LTD & ORS. .....Respondents Through:

Mr. Rajiv Nayyar & Sandeep Sethi, Sr.

Adv. with Ms.

Sanyam Khetarpal, Ms. Devika Mohan and Ms. Lisa Sankrit, Advs. for VSJ Investment/R-1 Mr. Harish Malhotra, Sr. Adv.

with Mr. Madhur, Mr. Apoorv Agarwal, Mr. Manav Goyal, Mr. Abhishek Kr. Jaiswal, Ms.

Ritika and Ms. Jahnvi Gupta, Advs. for R-9.

CORAM:

HON'BLE MR. JUSTICE NAVIN CHAWLA HON'BLE MS. JUSTICE RENU BHATNAGAR % 03.04.2025

O R D E R

1.

The learned senior counsel for the respondent no. 1 submits that in terms of a Compromise Settlement Sanction dated 24.01.2025, the respondent no. 1 has paid the Entire One-Time Settlement amount to the appellant. He submits that in terms of the settlement, nothing further survives in this appeal and that he shall be withdrawing the suit 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 08/04/2025 at 12:02:40

that is pending before the learned Single Judge. 2.

As the appellant is withdrawing the Suit itself, nothing further survives in this appeal. Needless to state, once the suit has been withdrawn, any interim/interlocutory order that has been passed in the Suit, cannot survive or affect the rights of the parties to the Suit or others.

3.

In view of the above, the appeal is disposed of as having become infructuous. However, in case the respondent no. 1 does not withdraw the Suit, it shall be open to the appellant to revive the present appeal.

NAVIN CHAWLA, J RENU BHATNAGAR, J APRIL 3, 2025 Ab/mk/DG Click here to check corrigendum, if any 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 08/04/2025 at 12:02:40