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Mahendra Chandrahansa Satav (Dead Thr. LRs.) Etc. v. Udyam Vikas Sahakari Bank Ltd. & Ors. Etc.

Civil Appeal · Neutral citation not assigned (Civil Appeal Nos. 11788-11789 of 2016)Decided 5 Dec 2016
Civil Appeal Nos. 11788-11789 of 2016
Justice Kurian Joseph · Justice Rohinton Fali Nariman

Background

This appeal arose from writ petitions involving a dispute between the appellants and Udyam Vikas Sahakari Bank Ltd. and others. While the appeal was pending before the Supreme Court, the parties negotiated and signed a settlement agreement (dated 27.10.2016) resolving their entire dispute, and filed consent terms before the Court.

Decision Breakdown

The Supreme Court granted leave and disposed of the appeals strictly in terms of the parties' consent terms, modifying the impugned High Court judgment accordingly. The Court directed that the amount lying in deposit with the Registry, along with accrued interest, be disbursed to Respondent No. 1 (the Bank). No costs were awarded, and the pending applications were disposed of.

Lesson Learnt

When parties to Supreme Court litigation reach a genuine settlement, the Court will readily dispose of the appeal on the agreed terms rather than deciding the underlying dispute on merits: a reminder that mediated settlement remains available even at the final appellate stage.

Official source (sci.gov.in)View Judgment (PDF)

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