- 1 - NC: 2025:KHC:4555 CMP No. 427 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 31ST DAY OF JANUARY, 2025 BEFORE THE HON'BLE MR JUSTICE SACHIN SHANKAR MAGADUM CIVIL MISC. PETITION NO.427 OF 2024 BETWEEN: M/S BALAJI ENTERPRISES HAVING ITS OFFICE AT NO.31/2 RUPENA AGRAHARA HOSUR MAIN ROAD BENGALURU - 560068 REPRESENTED BY ITS SOLE PROPRIETOR MR.M.RAMAKRISHNA REDDY …PETITIONER (BY SRI. BELLE R, ADVOCATE) AND: M/S. INNOVENT SPACES PRIVATE LIMITED HAVING ITS OFFICE AT PLOT NO.53 KARIYAMMANA AGRAHARA ROAD OUTER RING ROAD, DEVAABISANAHALLI BENGALURU - 560103 REPRESENTED BY ITS DIRECTOR MR.RISHI DAS …RESPONDENT (BY SRI.DEVAIAH I S, ADVOCATE) THIS CIVIL MISC. PETITION IS FILED UNDER SEC.11(5) OF THE CODE OF CIVIL PROCEDURE PRAYING THAT THIS HONBLE COURT BE PLEASED TO APPOINT THE ARBITRATOR FOR Digitally signed by NAGARAJA B M Location: HIGH COURT OF KARNATKA - 2 - NC: 2025:KHC:4555 CMP No. 427 of 2024 RESOLVING THE DISPUTE ARISING BETWEEN THE PETITIONER AND THE RESPONDENT AS PER THE CLAUSE 24 OF THE LEASE DEED AGREEMENT DATED 07.08.2023 AT ANNEXURE-A, ENTERED BETWEEN THE PETITIONER AND RESPONDENT IN THE ENDS OF JUSTICE AND EQUITY AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE SACHIN SHANKAR MAGADUM ORAL ORDER Upon the request and concurrence of the learned counsels representing both parties, this matter was referred to the Bengaluru Mediation Centre, Bengaluru, for amicable resolution through the process of mediation. The referral was made with the objective of facilitating a mutually acceptable settlement between the parties, in accordance with the principles of alternative dispute resolution. 2. The Bengaluru Mediation Centre has submitted a report placing on record the Memorandum of Settlement duly executed by both parties. The said memorandum, - 3 - NC: 2025:KHC:4555 CMP No. 427 of 2024 which sets out the agreed terms and conditions of settlement, has been perused by this Court and is hereby taken on record. Both parties have voluntarily consented to the terms set forth in the Memorandum of Settlement, signifying their intention to resolve the dispute amicably. 3. In view of the settlement arrived at between the parties and recorded in the Memorandum of Settlement, as per the provisions of Section 89 of the Code of Civil Procedure, 1908, read with Rules 24 and 25 of the Karnataka Civil Procedure (Mediation) Rules, 2006, this Civil Miscellaneous Petition stands disposed of in terms of the settlement. The terms of the Memorandum of Settlement shall be binding on both parties, and the matter shall be treated as finally resolved in accordance with law. Sd/- (SACHIN SHANKAR MAGADUM) JUDGE NBM List No.: 3 Sl No.: 40