Authority: Supreme Court of India
Order Date: 14 August 2026
Case Overview
- Parties: Hunspal Industries (appellant) vs. Bank of India (respondent).
- Appeal No(s): Civil Appeal No(s) of 2026 (SLP (C) No. of 2026) / D.No. 17001 of 2025, arising from High Court judgment dated 25‑04‑2022 in Arbitration Application No. 363 of 2019.
- The appeal was pending when the Supreme Court Mediation Centre, by order dated 19‑01‑2026, referred the parties to mediation.
- The parties reached a settlement, formalised in a Settlement Agreement dated 29‑05‑2026, signed by authorised representatives, their advocates, co‑mediators and the mediator; the agreement was filed with the Mediation Centre (digitally signed by Kapil Tandon on 2026.08.18 19:27:44 IST, signature not verified).
Observations / Court Reasoning
- The Court condoned the delay in filing the appeal and granted leave to proceed.
- The Settlement Agreement was taken on record.
- The Court directed that the Registry draw a decree in terms of the Settlement Agreement.
- Any pending applications, if any, were ordered to stand disposed of.
Final Outcome
- The civil appeal is disposed of in accordance with the Settlement Agreement; the parties are bound to abide by its terms, and a decree will be issued reflecting the settlement.
Topics: Settlement, Arbitration, Supreme Court Mediation