Ampa Build India Pvt. Ltd. v. Tux Hospitality Private Ltd.

$~30 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ CO.PET. 974/2015 & Co. Appl. Nos.3856-3857/2015 AMPA BUILD INDIA PVT. LTD.

..... Petitioner Through:

Mr. Vikas Tomar & Mr. Saman Yadav, Advocates.

versus TUX HOSPITALITY PRIVATE LTD.

..... Respondent Through:

Mr. Tarun Sharma, Ms. Akanksha Kapoor & Mr. Rahul Sangwan, Advocates.

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL

O R D E R

% 15.03.2017 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 the Delhi High Court Mediation & Conciliation Centre and the terms and conditions of the settlement are enshrined in the Settlement Agreement dated 09.03.2017. The said Memorandum of Settlement dated 09.03.2017 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 09.03.2017, 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 same in the event, the respondent fails to comply with the terms and conditions 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Consequently, the accompanying company petition is dismissed as withdrawn and disposed of accordingly.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 15, 2017 'AA'