Punjab National Bank v. Satinder Kapur
Background
Punjab National Bank appealed to the Supreme Court against judgments of the Delhi High Court (dated 20.03.2013 in a writ petition and 27.11.2015 in a connected review petition) involving its dispute with Satinder Kapur. While the appeal was pending before the Supreme Court, the parties reached a mutual settlement and filed a Deed of Settlement on record.
Decision Breakdown
The Court granted leave to appeal and then disposed of the appeals in terms of the Deed of Settlement filed by the parties, making the settlement's terms part of the judgment itself. The Court directed both parties to strictly abide by the agreed terms, closed any pending applications, and made no order as to costs.
Lesson Learnt
When parties to a Supreme Court appeal settle their dispute, the Court can formally incorporate that settlement into its judgment and close the case on those agreed terms, giving the settlement the same binding force as a court order.