Concentrix Technologies (India) Private Limited v. Raaj Khosla And Co Private Limited

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IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 440/2016 & Co. Appl. Nos.1887-1888/2016 CONCENTRIX TECHNOLOGIES (INDIA) PRIVATE LIMITED ..... Petitioner Through:

Mr. Hare Ram Tiwary & Mr. Jayant Chaurasia, Advocates.

versus RAAJ KHOSLA AND CO PRIVATE LIMITED ..... Respondent Through:

Mr. Dhiraj Sachdeva, Advocate.

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 27.04.2017 Learned counsel appearing on behalf of the parties, state in unison, that the underlying dispute that led to institution of the present company petition has been amicably settled by and between the parties with the aid and intervention of the Delhi High Court Mediation and Conciliation Centre and the terms and conditions of the aforesaid settlement are encapsulated in the settlement agreement dated 29.03.2017, which is placed on record. The parties shall abide by the terms and conditions of the said settlement agreement dated 29.03.2017, without demur. In view of the settlement arrived at between the parties as aforesaid as well as the circumstance that the petitioner has received a sum of Rs.12 lacs from the respondent company in this behalf towards full and final settlement, learned counsel appearing on behalf of the petitioner seeks leave to withdraw the present company petition with liberty to revive the same in the event, the respondent fails to comply with the terms and conditions of the aforesaid settlement.

Leave and liberty granted.

Consequently, the accompanying company petition is dismissed as withdrawn and disposed of accordingly.

Pending applications, if any, also stand disposed of.

SIDDHARTH MRIDUL, J.

APRIL 27, 2017 'AA'