Reciprocal Promises In Settlement Agreements Must Be Executed Simultaneously: Delhi High Court
3 months, 4 weeks ago

Reciprocal Promises In Settlement Agreements Must Be Executed Simultaneously: Delhi High Court

Live Law  

The Delhi High Court bench of Justice Navin Chawla has held in a settlement agreement where both parties have made reciprocal promises, these promises must be executed simultaneously. The decree, issued in March 2006 based on a settlement agreement, mandated the dissolution of the firm and outlined specific terms for execution, including the preparation of several legal documents and the payment of Rs. The High Court noted that the JD's first objection was based on the claim that the DH failed to pay the agreed amount of Rs. Therefore, the High Court held that the DH was not obliged to pay the amount if the JD was not ready to execute the documents.

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History of this topic

Issues On Merits, Should Be Raised Before Arbitrator, Not In Section 11 Proceedings ; Delhi High Court
7 months ago

Issues On Merits, Should Be Raised Before Arbitrator, Not In Section 11 Proceedings ; Delhi High Court

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The Delhi High Court bench of Justice Neena Bansal Krishna held that objection regarding the insufficiency of service is considered to be on merits and therefore should be raised before the Arbitrator. Brief Facts: The petitioner, Delhivery Limited, and the Respondent, Far Left Retail Private Limited, entered into a Service Agreement, which later resulted in a dispute. Consequently, the Petitioner …

Parties Assuring Document Execution And Providing Security For Transaction Are Part Of Loan Agreement: Delhi High Court Refers Parties To Arbitration
9 months ago

Parties Assuring Document Execution And Providing Security For Transaction Are Part Of Loan Agreement: Delhi High Court Refers Parties To Arbitration

Live Law  

The Delhi High Court single bench Justice Jasmeet Singh that the parties which assured document execution and provided security for the transaction are integral part of the loan agreement. 3 to 5 are a veritable party to the Loan Agreement as they are connected with the loan documents and form part of the loan transaction as in one way or …

Whether The Remedy Of Execution And Contempt Can Run Parallel In Arbitration Proceedings'?"Decides Bombay High Court
2 years, 7 months ago

Whether The Remedy Of Execution And Contempt Can Run Parallel In Arbitration Proceedings'?"Decides Bombay High Court

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This is In the matter of Deepak Jain v/s Sanjay Panchal at Bombay High Court The present dispute is regarding if the remedy of execution and contempt can run parallely in Arbitration proceedings. Simultaneously an execution petition for the same order was also filed in the Hon'ble Bombay High court. Counsel Abhishek Sawant placed reliance on judgements of the Hon'ble …

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