Final Order 14

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: OMP (COMM.) No. 6/25
JAI MAA KITCHENWARE
Vs.
GOYAL AND GOEL STAINLESS STEEL
23.02.2026
Present: Ms. Punam Koul, Counsel for the Petitioner.
Sh. Nitin Mittal, Counsel for the Respondent
alongwith Sh.Harshvardhan Goel, partner of the
Respondent firm.
Matter is today fixed for report of compromise, failing
which for arguments on the pending miscelleanous application U/s
151 of CPC for stay of operation of award/ objections filed on
behalf of the petition U/s 34 of the A&C Act.
The negotiation for settlement has been held before
the Court and the parties have agreed to settle their dispute.
Statement of Counsel for the petitioner as well as
partner of the respondent firm are recorded separately.
Heard. I have perused the statements.
As per terms and settlement arrived at between the
parties, it has been agreed by both the parties that the total
settlement amount to be paid on behalf of petitioner is
Rs.6,20,000/- (Rupees Six Lakhs Twenty Thousand only).
Out of the said amount, an amount of Rs.2,25,279/-
has been transferred to the respondent firm A/c
No.918020065434790 with Axis Bank Ltd., Ashok Vihar, Delhi
on 20.02.2026 through NEFT (vide encashed cheque no.703053
dated 20.02.2026 drawn on J&K Bank, Link Road, Jammu drawn
in favour of the respondent firm).
The remaining amount of Rs.3,94,721/- has already
been deposited towards the 75% of the decreetal amount vide
Contd...2/-
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Demand Draft No.920869 dated 27.05.2025 drawn on J&K Bank
in favour of the Court. The petitioner has no objection if the said
amount is released to the respondent firm through voucher as per
law towards the full and final settlement amount between the
parties.
In view of statements made by the parties today as
well as settlement arrived at, the petition stands disposed off as
settled/compromised.
In view of the same, the application filed U/s 151 of
CPC has become infructuous and is accordingly dismissed.
The parties shall remain bound by their respective
statement.
Interim order, if any, stands vacated. IA, if any,
stands disposed off.
The necessary voucher be prepared after getting the
demand draft revalidated and the D.D. amount be remitted to the
account of the respondent partnership firm in terms of the
statement recorded today.
File be consigned to Record Room after due
compliance.
(Devendra Kumar Sharma)
District Judge (Commercial Court-03)
Central/ THC/ Delhi
23.02.2026
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