Nissin Advanced Coating Indo Co. Ltd. v. Hyline Auto Component Pvt. Ltd.

$~19 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 679/2014 NISSIN ADVANCED COATING INDO CO LTD ..... Petitioner Through:

Mr. Manoj Kumar Garg, Advocate versus HYLINE AUTO COMPONENT PVT LTD ..... Respondent Through:

Mr. Saurabh Gupta and Mr. Gagan Gupta, Advocates

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 02.02.2017 Mr. Garg, learned counsel appearing on behalf of the petitioner seeks leave to withdraw this petition in terms of the settlement arrived at by and between the parties, as recorded in the report of Mediator dated 16th November 2016.

The said settlement dated 16th November, 2016 entered into between the parties is lawful and the same is taken on record. The parties shall abide by the terms and conditions of the said settlement without demur. Leave granted.

Consequently, the accompanying company petition is dismissed as withdrawn and stands disposed of accordingly. However, the petitioner is directed to comply with its reciprocal obligations vis-à-vis the respondent company forthwith. SIDDHARTH MRIDUL, J FEBRUARY 02, 2017 Aj