Srmb Srijan Private Limited v. Renoir Management Consulting I Private Limited

OC-17 ORDER SHEET

IN THE HIGH COURT AT CALCUTTA

COMMERCIAL DIVISION ORIGINAL SIDE CS-COM/559/2024 [OLD NO CS/228/2023] IA NO. GA-COM/2/2025 SRMB SRIJAN PRIVATE LIMITED VS RENOIR MANAGEMENT CONSULTING I PRIVATE LIMITED

BEFORE:

The Hon'ble JUSTICE KRISHNA RAO Date: September 1, 2025.

Appearance:

Mr. Arnab Das, Adv.

Ms. Reha Ansari, Adv.

... for the plaintiff Ms. Rupal Singh, Adv.

Ms. Niharika Singh, Adv.

... for the defendant

1. Both the parties have filed a joint compromise application being GACOM/2/2025 stating the fact that during the pendency of the suit and the counter claim filed by the defendant, the parties have settled their dispute and have entered into a settlement agreement on 22nd May, 2025.

2. Counsel for the parties submit that in view of the settlement arrived between the parties, the plaintiff is not intending to proceed with the present suit and the defendant is also not intending to the proceed with the counter claim. Both the parties pray for disposal of the suit in terms of the settlement entered between the parties.

3. Heard Learned Counsel for the respective parties. Perused the compromised application jointly filed by the plaintiff and the defendant

and the settlement agreement. As per the settlement agreement both the parties have settled their disputes in the following manner: "Settlement:

a. SRMB has agreed to forego its entitlement to the SRMB Recoverable Amount specifically and any other amount generally, from Renoir, in furtherance of the settlement talks held amongst the Parties.

b. Renoir has also agreed to forego its entitlement to the Renoir Recoverable Amount specifically and any other amount generally, from SRMB, in furtherance of the settlement talks held amongst the Parties.

c. The parties shall bear their own respective costs incurred towards the ongoing Commercial Suit without any recourse to each other. d. The Parties agree that:

i.

they fully understand the provisions and legal effect of this Settlement Agreement and that they are voluntarily and with free will entering into this Settlement Agreement; and ii. the terms of this Settlement Agreement are in full and final settlement of all the claims of any kind whatsoever of SRMB against Renoir and of Renoir against SRMB, arising out of the Analysis Agreement, the Analysis, the ATP, and or the Project."

4. Considering the above, this Court finds that the parties have settled their dispute by entering into settlement agreement dated 22nd May, 2025 and the plaintiff has forgone its claim made in plaint and the defendant has also forgone its claim made in the counter claim.

5. Considering the above, this Court finds that parties have settled their dispute by entering into settlement agreement and accordingly, GACOM/2/2025 is disposed of by accepting settlement agreement between the parties

6. Accordingly, CS-COM/559/2024 [Old No. CS/228/2023] is disposed of.

7. The joint compromise petition along with settlement agreement dated 22nd May, 2025 be made part of the decree.

(KRISHNA RAO, J.) DB