Khanna Rayon Industries Pvt.Ltd. v. Swastik Associates And 7 ORS.

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL SUIT NO.316 OF 2020 WITH INTERIM APPLICATION NO.686 OF 2020 WITH COUNTER CLAIM NO.3 OF 2021 WITH INTERIM APPLICATION NO.636 OF 2026 WITH INTERIM APPLICATION (L) NO.8829 OF 2021 IN COMMERCIAL SUIT NO.316 OF 2020 Khanna Rayon Industries Pvt.Ltd.

... Plaintiff v/s.

Swastik Associates & Ors.

... Defendants _______________________ Ms. Sheetal Shah i/by Mehta & Girdharlal for the Plaintiff. Ms. Shruti Mishra a/w Ms. Grishma Lad i/by Shah & Sanghavi for the Defendants.

_______________________ CORAM : KAMAL KHATA, J.

DATED : 3RD FEBRUARY 2026.

P.C. :

1.

The parties have settled their disputes and have executed the Consent Terms.

2.

The parties to the Consent Terms, who are present before the Court, have been duly identified by the Associate and have 1/3 SANDHYA BHAGU WADHWA SANDHYA BHAGU WADHWA Date: 2026.02.04 11:23:54 +0530

confirmed their respective signatures on the said Consent Terms. The Advocates for the parties have also appended their signatures alongside those of their respective clients, confirming the due execution of the Consent Terms. The parties present further confirm before the Court that the Consent Terms have been executed of their own free will and volition, without any coercion or undue influence.

3.

The Consent Terms tendered are taken on record and marked "X" for identification with today's date. 4.

Upon perusal of the Consent Terms, I find that they are in order, not contrary to law, and reflective of the true intentions of the parties.

5.

The undertakings contained in the Consent Terms are accepted as undertakings to the Court.

6.

The Registry shall ensure that the hard copy of the duly signed Consent Terms is permanently retained on record and not sent for destruction in the ordinary course.

7.

The Advocate for the Plaintiff states that the payments contemplated in the Consent Terms have been duly received. 8.

In view of the above, the Suit stands disposed of in terms of the Consent Terms.

9.

Consequent upon the disposal of the Suit, all pending Interim 2/3

Applications, also stand disposed of.

10.

Further, in view of the filing of the Consent Terms, both Advocates agree that nothing survives in the Counter Claim, which accordingly stands disposed of as infructuous. 11.

Court fees, if any, shall be refunded by the Registry in accordance with law.

12.

All parties to act on an authenticated copy of this order. (KAMAL KHATA, J.) 3/3