Tej Kapoor v. Parsvnath Developers Limited

$~18 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 1227/2016 & CO. APPL. 4924/2016 TEJ KAPOOR ..... Petitioner Through:

Ms. Shubho Jana, Advocate versus PARSVNATH DEVELOPERS LTD ..... Respondent Through:

Mr. Rahul Malhotra and Mr. Prabhakar Tiwari, Advocates

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 23.02.2017 Learned counsel appearing on behalf of the parties, state in unison, that the underlying dispute that led to the institution of the present company petition has been amicably settled by and between the parties and the terms and conditions of the settlement are enshrined in the Settlement Agreement dated 21st February 2017. The parties shall abide by the terms and conditions of the said Settlement Agreement dated 21st February 2017, without demur. In view of the foregoing, learned counsel appearing on behalf of the petitioner, seeks leave to withdraw this petition, at this stage, with liberty to revive the same in the event the terms of the said Settlement Agreement are not complied with by the respondent company.

Leave and liberty granted.

Consequently, the accompanying company petition is dismissed as withdrawn and stands disposed of accordingly. Pending application also stands disposed of.

SIDDHARTH MRIDUL, J FEBRUARY 23, 2017/Aj