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M/S Sas Servizio Pvt. Ltd vs Life Insurance Corporation(Lic)
2015 Latest Caselaw 3294 Del

Citation : 2015 Latest Caselaw 3294 Del
Judgement Date : 23 April, 2015

Delhi High Court
M/S Sas Servizio Pvt. Ltd vs Life Insurance Corporation(Lic) on 23 April, 2015
Author: Hima Kohli
*       IN THE HIGH COURT OF DELHI AT NEW DELHI

+                       CS(OS) 2498/2009

                                                Decided on : 23.04.2015

IN THE MATTER OF:
M/S SAS SERVIZIO PVT. LTD.                             ..... Plaintiff
                    Through : Mr. Anil Grover, Advocate

                        versus


LIFE INSURANCE CORPORATION(LIC)                 ..... Defendant
                   Through : Mr. Ankur Goel, Advocate

CORAM
HON'BLE MS.JUSTICE HIMA KOHLI


HIMA KOHLI, J.(Oral)

I.A. 8339/2015 (joint application under Order XXIII R 3 CPC)

1.

The present compromise application has been filed by the parties

stating inter alia that pursuant to being referred to the Delhi High Court

Mediation and Conciliation Centre, they have arrived at a settlement as

recorded in the Settlement Agreement dated 26.3.2015, whereunder the

defendant has agreed to pay a sum of Rs.28,14,710/- to the plaintiff in

full and final settlement of all the claims, subject matter of the present

suit.

2. Counsel for the defendant sates that he has brought a cheuqe

bearing No.903494 dated 25.3.2015 drawn on Corporation Bank, K.G.

Marg, New Delhi in the sum of Rs.28,14,710/- in favour of the plaintiff,

which is handed over and duly accepted by the counsel for the plaintiff,

who states that after receiving the said amount, nothing further is due or

payable by the defendant in respect of the dispute raised in the present

suit.

3. Counsels for the parties state that the suit may be decreed in

terms of the settlement arrived at between the parties.

4. The Court has pursued the present application and the contents of

the Settlement Agreement dated 26.3.2015. The terms and conditions of

the settlement are set out in para 8 of the Settlement Agreement dated

26.3.2015, wherein it has been recorded that the defendant has agreed

to pay a sum of Rs.28,14,710/- to the plaintiff. The same has been

signed by the constituted attorneys of the plaintiff and the defendant

and their respective counsels as also by the learned Mediator. A copy

of the said Settlement Agreement is enclosed with the application which

is supported by the affidavit of the signatories of the application.

5. As counsels for the plaintiff and the defendant jointly state that

their clients have arrived at the aforesaid settlement of their own free

will and volition and without any undue influence or coercion from any

quarters, there appears no legal impediment in accepting the settlement.

The parties shall remain bound by the terms and conditions of the

settlement recorded in the Settlement Agreement dated 26.3.2015.

6. The suit is decreed in terms of the settlement arrived at and

recorded in the Settlement Agreement dated 26.3.2015, while leaving

the parties to bear their own costs.

7. The suit is disposed of.

I.A.No.8340/2015 (by the plaintiff u/Sec. 89 of the Court Fees Act, 1908)

1. The present application has been filed by the plaintiff stating inter

alia that as the parties have arrived at a settlement through court

annexed mediation and the said settlement has been arrived at prior to

the evidence being recorded in the suit, the plaintiff is entitled to claim

refund of the court fees under Section 16 of the Court Fees Act.

2. In view of the aforesaid submission made by the counsel for the

plaintiff, the Registry is directed to issue a certificate in favour of the

plaintiff for refund of the court fees, under Section 16 of the Court Fees

Act.

3. The date already fixed in the case, i.e., 29.4.2015, stands

cancelled.

4. File be consigned to the record room.




                                              (HIMA KOHLI)
APRIL 23, 2015                                   JUDGE
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