M/S. Nihalsons Real Estate Developers v. M/S. Wave One Pvt. Ltd.

$~O-4 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 62/2025 M/S. NIHALSONS REAL ESTATE DEVELOPERS .....Petitioner Through:

Mr. Shantnu Aggarwal, Adv.

versus M/S. WAVE ONE PVT. LTD.

.....Respondent Through:

Ms. Amrita Sarkar, Mr. Ashish Kumar Singh, Mr. Kartik Gupta and Mr. Gitesh Sinha, Advs.

CORAM:

HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV

O R D E R

% 31.10.2025 1.

The matter has been settled in mediation proceedings and settlement agreement dated 14.10.2025 is placed on record. 2.

The provision under Order XXIII, Rule 3 of the Code of Civil Procedure (the CPC) authorises the Court to pass a decree on a compromise wherein the parties to the dispute have made an arrangement to settle the dispute. It has been comprehensively stated in the provision that the settlement arrived at should meet the essentials laid down therein, namely, (i) the compromise is lawful (ii) it is reduced in writing (iii) it is duly signed by the parties arriving at the compromise.

3.

The settlement has been agreed upon without fear or coercion and the parties appear to have entered into the settlement agreement on their own 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 07/11/2025 at 11:37:39

volition.

4.

The Court is satisfied that the settlement has been arrived at between the parties following due procedure and meeting the essentials specified under Order XXIII, Rule 3 of the CPC. Therefore, the parties shall be bound by the aforesaid settlement agreement.

5.

Accordingly, the instant petition stands disposed of. PURUSHAINDRA KUMAR KAURAV, J OCTOBER 31, 2025/P/AMG 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 07/11/2025 at 11:37:39