Delhi High Court
C.O. (COMM.IPD-TM)/266/2024 of IVYCAP VENTURES ADVISORS PVT. LTD. Vs IVY GROWTH ASSOCIATES PRIVATE LIMITED & ANR. on 12 October 2026
IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010957572024 + C.O. (COMM.IPD-TM) 266/2024 IVYCAP VENTURES ADVISORS PVT. LTD. .....Petitioner Through: Ms. Ekta Sarin and Ms. Sugandha Yadav, Advs. versus IVY GROWTH ASSOCIATES PRIVATE LIMITED & ANR. .....Respondent Through: Ms. Samiksha
$~O-46 to 49
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IN THE HIGH COURT OF DELHI AT NEW DELHI
CNR No. DLHC010957572024
+
C.O. (COMM.IPD-TM) 266/2024
IVYCAP VENTURES ADVISORS PVT. LTD.
.....Petitioner
Through:
Ms. Ekta Sarin and Ms. Sugandha
Yadav, Advs.
versus
Through:
Ms. Samiksha Goswami, Adv. for D-
1.
CNR No. DLHC010957582024
+
C.O. (COMM.IPD-TM) 267/2024
IVYCAP VENTURES ADVISORS PVT. LTD.
.....Petitioner
Through:
Ms. Ekta Sarin and Ms. Sugandha
Yadav, Advs.
versus
Through:
Ms. Samiksha Goswami, Adv. for D-
1.
CNR No. DLHC010957592024
+
C.O. (COMM.IPD-TM) 268/2024
IVYCAP VENTURES ADVISORS PVT. LTD.
.....Petitioner
Through:
Ms. Ekta Sarin and Ms. Sugandha
Yadav, Advs.
versus
Through:
Ms. Samiksha Goswami, Adv. for D-
1.
CNR No. DLHC010951972024
+
CS(COMM) 1159/2024
IVYCAP VENTURES ADVISORS PVT. LTD.
.....Plaintiff
Through:
Ms. Ekta Sarin and Ms. Sugandha
Yadav, Advs.
versus
IVY GROWTH ASSOCIATES PRIVATE LIMITED
.....Defendant
Through:
Ms. Samiksha Goswami, Adv.
CORAM:
HON’BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV
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O R D E R
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12.10.2026 I.A. 28383/2026 (under Order XXIII Rule 3 r/w Section 151 of CPC) in
C.O. (COMM.IPD-TM) 266/2024 I.A. 28376/2026 (under Order XXIII Rule 3 r/w Section 151 of CPC) in C.O. (COMM.IPD-TM) 267/2024 I.A. 28384/2026 (under Order XXIII Rule 3 r/w Section 151 of CPC) in C.O. (COMM.IPD-TM) 268/2024 I.A. 28382/2026 (under Order XXIII Rule 3 r/w Section 151 of CPC) in CS(COMM) 1159/2024
1. The parties have filed joint applications under Order XXIII Rule 3 of Code of Civil Procedure, 1908 to record the settlement which has arrived at between them.
2. Order XXIII, Rule 3 authorises the Court to pass a decree on a compromise wherein the parties to the dispute have made an arrangement to settle the dispute. It has been comprehensively stated in the provision that the settlement arrived at should meet the essentials laid down therein, namely, (i) the compromise is lawful (ii) it is reduced in writing (iii) it is duly signed by the parties arriving at the compromise.
3. The settlement has been agreed upon without fear or coercion and the parties appear to have entered into the settlement agreement on their own volition.
4. The Court is satisfied that the settlement has been arrived at between the parties following due procedure and meeting the essentials specified Order XXIII, Rule 3. Therefore, the parties shall be bound by the aforesaid settlement agreement.
5. The rectification petitions stand disposed of in terms of the settlement.
6. The civil suit stands decreed in terms of the settlement agreement.
7. The Registry is directed to draw-up a decree sheet.
8. The civil suit stands disposed of.
9. 50% of the Court fee in CS(COMM) 1159/2024 shall be refunded. PURUSHAINDRA KUMAR KAURAV, J OCTOBER 12, 2026/p