Total Oil India Pvt. Ltd. v. Apra Auto (India) Pvt. Ltd.

$~31 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 862/2015 & Co. Appl. No.3439/2015 TOTAL OIL INDIA PVT. LTD.

..... Petitioner Through:

Mr. Nagesh & Mr. Ahmad Parvez, Advs.

versus APRA AUTO (INDIA) PVT. LTD.

..... Respondent Through:

Mr. Himanshu Gupta, Advocate.

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 01.03.2017 Learned counsel appearing on behalf of the parties, in unison, invite my attention to the report of the mediator to urge 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 10.1.2017.

The said Memorandum of Settlement dated 10.1.2017 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 10.1.2017 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 breaches any of the term 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withdrawn and disposed of accordingly.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.

MARCH 01, 2017 'AA'