CS(COMM) 786/2026 & Conn. $~30 & 45 * IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010329712026 + CS(COMM) 786/2026 & I.A. 19584/2026 I.A. 19585/2026 I.A. 19586/2026 I.A. 19587/2026 I.A. 19588/2026 I.A. 19589/2026 I.A. 19590/2026 HONEYWELL INTERNATIONAL INC. & ANR......Plaintiffs Through: Mr. Pravin Anand, Ms. Vaishali Mittal and Mr. Shivang Sharma, Advocates. versus NOTOFIRE PRIVATE LIMITED & ANR. .....Defendants Through: Mr. G.S. Arora and Mr. Ankit Rajput, Advocates. Mr. Satya Ranjan Swain, CGSC with Mr. Sanskar Gupta and Mr. Tushar Hazrati, Advocates for D-2. # CNR No. DLHC010283012026 + C.O. (COMM.IPD-TM) 197/2026 & I.A. 17088/2026 I.A. 17089/2026 I.A. 17090/2026 I.A. 25102/2026 HONEYWELL INTERNATIONAL INC. & ANR. .....Petitioners Through: Mr. Pravin Anand, Ms. Vaishali Mittal and Mr. Shivang Sharma, Advocates. versus GAURAV JAIN & ANR. .....Respondents Through: CORAM: HON'BLE MR. JUSTICE A. J. BHAMBHANI O R D E R % 14.09.2026 CS(COMM) 786/2026 Parties are stated to have settled the matter through mediation. Though the learned mediator’s report and settlement agreement are not on record, learned counsel appearing for the parties submit that they would sign the settlement agreement and bring it to court in the post- lunch session. 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 23/09/2026 at 10:43:06 CS(COMM) 786/2026 & Conn. 2. Counsel also inform the court that a rectification petition bearing C.O.(COMM.IPD-TM)No.197/2026, pending between the same parties and pertaining to the same subject matter, is listed today before the learned Joint Registrar for completion of pleadings, which rectification petition also stands settled by way of the settlement agreement that is to be signed by the parties in the present case. 3. In view of what has been submitted on behalf of the parties and in an effort to dispose of the present petition and the rectification petition today itself, let the said rectification petition be called-for from the court of the learned Joint Registrar, and the matter be placed before this court in the post-lunch session. 4. In the meantime, let the parties sign the settlement agreement and bring it to court in the post-lunch session. 5. The matter will be taken-up at 04:00 p.m. At 04:00 p.m. 6. The matter is taken-up at 04:00 p.m. 7. Petition bearing C.O.(COMM.IPD-TM)No.197/2026 has been received from the court of the learned Joint Registrar. 8. Learned counsel appearing for the parties have jointly handed-up a copy of the mediated Settlement Agreement dated 14.09.2026 duly signed by both parties. The settlement agreement also encloses with it a power of attorney and board of resolution of the respective parties by which the signatories have been authorized to sign the settlement agreement. 9. The settlement agreement is taken on record. The same is also stated to have been filed electronically. 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 23/09/2026 at 10:43:06 CS(COMM) 786/2026 & Conn. 10. The terms of the settlement have been set-out in detail in clauses ‘A’ to ‘H’ of the settlement agreement. The terms include the permission and the terms of use by the defendants of their corporate name; and the discontinuation of the use of the suit trade mark by the defendants in a phased manner ending on 30.11.2027, subject to the other undertakings in relation thereto. 11. The settlement agreement also details the disposition in relation to the domain name/website of the defendants and the adoption by the defendants of the alternative trade mark “VALUECON”. 12. Subject to the detailed terms, conditions and obligations contained in the settlement agreement, parties have agreed that the suit be decreed in favour of the plaintiffs and against the defendants in terms of prayers 118(i) to (v) set-out in the plaint. 13. As part of the settlement the plaintiffs have also agreed to waive and forego their claims of delivery-up, rendition of accounts, declaration and damages as contained in prayers 118(vi) to (x) of the plaint. 14. Learned counsel for the defendants is present and confirms that the defendants have agreed to suffer a decree in the terms contained in the settlement agreement. 15. The parties have further agreed that in view of the settlement agreement, the rectification petition bearing C.O.(COMM.IPD-TM) No.197/2026 be also disposed-of subject to the undertakings of the respondents recorded in Clauses F.1 to F.3 of the settlement agreement. 16. The court has perused the terms of the settlement and is satisfied that the parties had resolved their inter-se disputes by way of a lawful 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 23/09/2026 at 10:43:06 CS(COMM) 786/2026 & Conn. Page 4 of 5 agreement; and there is no impediment to accepting the terms of the settlement agreement. 17. Accordingly, the terms of the settlement are taken on record. The parties are directed to remain bound by the said terms. 18. In view of the above, the suit is decreed in favour of the plaintiffs and against defendants in accordance with the terms set-out in the settlement agreement and subject to the undertakings and obligations contained therein. 19. The Registry is directed to draw-up a decree sheet accordingly. The terms of the settlement shall form part of the decree. 20. The suit is decreed and disposed-of in the above terms. 21. Pending applications, if any, also stand disposed-of. 22. At this stage, learned counsel appearing for the plaintiffs seeks refund of the entire court-fee. 23. The matter is at a preliminary stage; pleadings are yet to be completed; and parties have settled the matter through mediation. 24. In view of the Court Fees (Delhi Amendment) Act, 2026 which came into effect on 06.03.2026, section 16-A of the Court Fees Act, 1870 (as was applicable to Delhi) has been omitted. Accordingly, section 16 of the Court-fees Act, 1870 would be applicable, which allows for refund of the entire amount of court fee affixed on the plaint. 25. Accordingly, the Registry is directed to draw-up the requisite certificate in favour of the plaintiffs’ counsel for refund of the entire court fee affixed on the plaint within 02 weeks of the plaintiffs’ counsel approaching the Registry for the said purpose. 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 23/09/2026 at 10:43:06 CS(COMM) 786/2026 & Conn. Page 5 of 5 26. As urged by learned counsel for the parties, the court records its appreciation for the exceptional effort put in by the learned Mediator in resolving the disputes expeditiously. 27. The dates of 03.11.2026 and 06.11.2026 before the learned Joint Registrar stand cancelled. C.O. (COMM.IPD-TM) 197/2026 28. In view of the above, the present rectification petition is also disposed- of in terms of the settlement agreement. 29. Pending applications, if any, stand disposed-of. 30. The date of 30.09.2026 before the learned Joint Registrar stands cancelled. A. J. BHAMBHANI, J SEPTEMBER 14, 2026/hb/V.Rawat 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 23/09/2026 at 10:43:06