Mediation family settlement upheld as sum received under consent terms

Sonali Prashant Shinde Vs Vikram Vilasrao Salunke (NCLAT Delhi)

NCLAT Delhi held that mediation family settlement upheld since entire sum as per consent terms duly received. Accordingly, the appeals are dismissed.

Facts- On or about 14th June 2014, the Respondents filed a Petition u/s. 397, 398, 402 and 403 of the Companies Act, 1956. The Appellant appeared in the said Petition and contested it by filing Replies. Vide Order dated 11th October 2022, the Ld. NCLT appointed Shri. M. R. Bhat as a Mediator and he commenced mediation. The said mediation concluded

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