Aten Capital Pvt. Ltd. v. Alisa Infratech Private Ltd

$~4 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 571/2015 & Co. Appl. No.2288/2015 ATEN CAPITAL PVT. LTD.

..... Petitioner Through:

Mr. Rajat Navet & Mr. Kushagra Pandit, Advocates.

versus ALISA INFRATECH PRIVATE LTD ..... Respondent Through:

Ms. Shweta S. Parihar, Advocate.

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 17.02.2017 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 with the aid and assistance of Delhi High Court Mediation and Conciliation Centre and the terms and conditions of the settlement are enshrined in the Settlement Agreement dated 16.2.2017. A copy of the said agreement has been handed over in court today and has been perused.

The said Memorandum of Settlement dated 16.2.2017 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 Agreement dated 16.2.2017 without demur.

In view of the settlement arrived at between the parties as aforesaid, learned counsel appearing on behalf of the petitioner seeks leave to withdraw the present company petition with liberty to revive the petition in the event the respondent company fails to comply with its obligations under the settlement agreement dated 16.2.2017.

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Consequently, the accompanying company petition is dismissed as withdrawn and disposed of accordingly.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

FEBRUARY 17, 2017 'AA'