Peps Industries Pvt. Ltd v. Coirfoam India Private Limited

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI + CS(COMM) 1089/2016 & I.As. 9631/2015 AND 20456/2015 PEPS INDUSTRIES PVT. LTD ..... Plaintiff Through: Ms. Suveni Bhagat, Advocate .

versus COIRFOAM INDIA PRIVATE LIMITED ..... Defendant Through: Ms. Priyanka Anand, Advocate.

CORAM:

HON'BLE MR. JUSTICE MANMOHAN

O R D E R

% 14.09.2017 I.A. 10686/2017 Present joint application has been filed under Order 23 Rule 3 read with Section 151 CPC. The same is duly signed by learned counsel for the plaintiff and defendant as well as by the parties to the litigation. Present application is also supported by affidavits of authorized representative of the plaintiff and the General Manager of the defendant company.

Both the learned counsel state that the matter has been compromised in accordance with the Deed of Settlement dated 16th December, 2016. Both the learned counsel further assure and undertake to this Court that the parties shall comply with the settlement terms mentioned in the aforesaid Deed of Settlement.

The aforesaid statements, assurances and undertakings given by learned counsel for the parties are accepted by this Court and parties are held bound by the same.

This Court has also perused the aforesaid Deed of Settlement and the compromise application and is of the opinion that they are lawful. Consequently, the suit is decreed in accordance with the Deed of Settlement Agreement dated 16th December, 2016, a copy of which is marked as Ex. C-1. Registry is directed to prepare a decree sheet accordingly.

With the aforesaid observations, present application is allowed and the suit and all pending applications stand disposed of. The interim order dated 07th May, 2015 stands vacated.

MANMOHAN, J SEPTEMBER 14, 2017 js