CS(OS) 166/2026 Page 1 of 4 $~40 * IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010067572026 + CS(OS) 166/2026 PRASHANT KUMAR .....Plaintiff Through: Mr. Harshit Jain, and Mr. Arjun Drall, Advocates. versus ABHINOV VASHISHT & ANR. .....Defendants Through: Mr. Puneet, Senior Standing Counsel with Mr. Rishabh Nangia, Junior Standing Counsel and Mr. Ashvini Kumar, Advocates for Income Tax Department. Ms. Anamika Ghai, Advocate alongwith Mr. Avinash Kumar Vashisht POA of defendant. CORAM: HON'BLE MR. JUSTICE TUSHAR RAO GEDELA O R D E R % 10.09.2026 I.A. 23600/2026 (Under Order XXIII Rules 1 and 3 r/w Section 151 of the CPC) 1. This is a joint application filed on behalf of the plaintiff as also the defendants under Order XXIII Rules 1 and 3 read with Section 151 of the code of Civil Procedure, 1908 (hereinafter referred to as “CPC”), for recording compromise and withdrawal of the suit on account of settlement. 2. Mr. Puneet, learned counsel appearing on behalf of the Income Tax Department on the basis of the order dated 19.05.2026 passed by this Court, states that since the parties have mutually settled their disputes, the Income Tax Department may be discharged of its obligations. 3. Having regard to the aforesaid, the Income Tax Department is This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 14/09/2026 at 16:16:18 CS(OS) 166/2026 Page 2 of 4 discharged. 4. It is stated that the disputes between the parties have amicably resolved out of Court by the parties and as such, the terms of the settlement have been recorded vide the Settlement Agreement dated 21.08.2026. The terms of the settlement are enumerated as under :- “1. That the Parties have agreed to settle all their disputes, claims, and counterclaims, legal fees, expenses, etc. arising out of or related to the Suit Property and the Agreement to Sell dated 03.11.2025 for a final lump sum settlement amount of Rs. 1,25,00,000/- (Rupees One Crore Twenty-Five Lacs Only) which had been paid by the Second Party and their father to the First Party in the following manner: a. Rs. 50,00,000/- (Rupees Fifty Lacs Only) through RTGS on 15.08.2026 from the HDFC account of Sh. Shitij Vasist having Transaction reference no. HDFCCR52026081596492125. b. Rs. 25,00,000/- (Rupees Twenty-Five Lacs Only) through RTGS on 15.08.2026 from the HDFC account of Sh. Abhinov Vasisht having transaction reference no. HDFCCR52026081596447513. c. Rs. 50,00,000/- (Rupees Fifty Lacs Only) through RTGS on 21.08.2026 from the SBI account at Vikas Puri Branch of Sh. Avinash Kumar Vashisht (being the father of the Second Party having transaction UTR no. SBINR52026082139718283. 2. That it is further agreed between the parties that upon receipt of the complete lump sum settlement amount by the First Party/Plaintiff, the First Party/Plaintiff categorically agrees, affirms, and undertakes to immediately file appropriate applications/statements before the Hon'ble High Court of Delhi to unconditionally withdraw CS(OS) No. 166 of 2026 along with all pending interim applications and give up all his claims in regard to the suit property and the agreement of sell dated 03.11.2025. 3. That it is agreed between the parties that the First Party/Plaintiff hereby acknowledges that upon receipt of the settlement amount, all his financial and property claims against the Second Party/Defendants and the Suit Property stand fully satisfied, discharged, and extinguished. The First Party/Plaintiff affirms that he is left with no surviving right, title, interest, lien, or claim of any nature whatsoever in the Suit Property. 4. That it is agreed between the parties that the Agreement to Sell dated 03.11.2025 and the Receipt executed therein shall stand cancelled and shall have no legal enforceability between the Parties after entering into the This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 14/09/2026 at 16:16:18 CS(OS) 166/2026 Page 3 of 4 present settlement agreement between the parties and the Second Party/Defendants making the complete payment in terms of the present settlement agreement. 5. That the Parties explicitly agree and undertake that they shall not initiate, file, or pursue any further legal proceedings, whether civil or criminal, against each other, their family members, or agents before any court of law, tribunal, or authority regarding the subject matter of the present dispute. 6. That the parties agree and shall further request and pray to the Hon'ble High Court of Delhi at the time of withdrawal/disposing off the C.S. (O.S.) 166/2026 titled as 'Prashant Kumar Vs Abhinov Vashisht & Ors' to refund of the Court fees to the First Party/Plaintiff affixed by the First Party/Plaintiff for filing of the said Civil Suit in terms of law. 7. Both the Parties have agreed that they are entering into the present Settlement Agreement voluntarily, out of their own free will and volition. The Parties further state that they have understood the contents of the present Settlement Agreement as the same has been explained to them and have been read to both the parties in vernacular, by the mediator and their respective counsels, in the presence of each other. 8. The Parties undertake not to commit any breach of the undertakings contained in the present settlement in future in any manner whatsoever. In case of any breach of undertaking by any party, it shall be open to the aggrieved party to have recourse to any other remedy available to it under the present settlement and/or by the law. 9. That both the parties will keep this Agreement confidential, including all its terms, conditions, and any related discussions or documents. Disclosure shall be permitted only to the extent required by law, regulation, or judicial process, or to a Party's legal or financial advisors, who shall be bound by similar confidentiality obligations. In the event of required disclosure, the disclosing Party shall use its best efforts to ensure it is made under a protective order or confidentiality agreement. Notwithstanding the foregoing, if either Party or its affiliates becomes subject to any legal or regulatory disclosure obligations as a public reporting entity, it may disclose such information as reasonably necessary to comply with such obligations. Either Party may acknowledge the existence of this Agreement and characterize its own obligations, provided such statements are accurate, non-disparaging, and not misleading. The Parties further agree not to use or disclose any confidential, proprietary, or commercially sensitive information of the other Party obtained during their dealings, except as permitted herein or by law. 10. Notwithstanding the foregoing, the plaintiff may disclose the terms of this Agreement or relevant portions thereof to its affiliates, agents, or representatives to the extent reasonably necessary to monitor or enforce This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 14/09/2026 at 16:16:18 CS(OS) 166/2026 Page 4 of 4 compliance with this Agreement.” 5. It is stated that all the compliance required in the Settlement Agreement are complied with. 6. This Court perused the terms of the Settlement and finds them lawful. The terms of the settlement are well within the contours of Order XXIII Rules 1 and 3 of the CPC. 7. The Settlement Agreement dated 21.08.2026 is taken on record. 8. The parties shall remain bound by the terms of the settlement. 9. There is no impediment in case the suit is decreed in terms of the Settlement Agreement dated 21.08.2026. 10. Let a decree sheet be drawn up in terms the Settlement Agreement dated 21.08.2026. 11. The Court Fees shall be refunded to the plaintiff under Section 16 of the Court Fees (Delhi Amendment) Act, 2026, upon completion of all the formalities as per rules. 12. The suit is decreed and disposed of alongwith all the pending applications, if any. 13. The date already fixed i.e. 18.12.2026 before the Court stands cancelled. TUSHAR RAO GEDELA, J SEPTEMBER 10, 2026 Sumit This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 14/09/2026 at 16:16:18