923.IAL-25814.26.DOC IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION INTERIM APPLICATION (L) NO.25814 OF 2026 WITH COURT RECEIVER REPORT NO.373 OF 2026 WITH LEAVE PETITION NO. 249 OF 2026 IN COMMERCIAL IP SUIT (L) NO. 25682 OF 2026 Asian Paints Limited …Applicant/Plaintiff V/s. Deepak Kumar Panwar ….Respondent/Defendant ______________________ Ms. Niyati Davawala a/w Mr. Anil Shete, Ms. Nidhi Rao, Ms. Chandrika Devda and Ms. Stuti Thakar i/by Davawala & Co. for the Applicant/Plaintiff. Mr. Aniket Bomble, for the Defendant. Mr. Yash Patade, the Constituent Attorney of the Plaintiff present. Mr. Deepak Kumar (through VC), Defendant present. Mr. Deepak Bhalerao, 2nd Asstt. to Court Receiver present. ______________________ CORAM : MADHAV J. JAMDAR, J. DATED : 15 OCTOBER 2026 P. C. :- Leave Petition No. 249 OF 2026 1. Perused the averments in the Plaint and Leave Petition. Page 1 PPN PRACHI PRANESH NANDIWADEKAR Digitally signed by PRACHI PRANESH NANDIWADEKAR Date: 2026.10.16 11:43:37 +0530 923.IAL-25814.26.DOC 2. For the reasons set out in Leave Petition, the same is allowed in terms of prayer clause (a). Commercial IP Suit (L) No. 25682 OF 2026 3. Learned counsel appearing for the Plaintiff and Defendant state that Plaintiff and Defendant have settled the dispute and tendered the consent terms. 4. The consent terms are signed on behalf of the Plaintiff-Asian Paints Limited by Mr. Yash Patade, Constituent Attorney of the Plaintiff. The power of attorney has been annexed at Annexure I. The consent terms are also signed by Mr. Deepak Kumar Panwar- Defendant. 5. Mr. Yash Patade, the Constituent Attorney of the Plaintiff is present in the Court and Mr. Deepak Kumar Panwar-Defendant is present through Video Conferencing. Both of them state that parties have settled the dispute in terms of the consent terms and they have signed the consent terms. The consent terms are also signed by respective advocates. The respective advocates identifies signature of respective parties. 6. Accordingly, the Consent Terms are taken on record and marked as “X” for identification. A scanned copy of the Consent Page 2 PPN 923.IAL-25814.26.DOC Terms is reproduced herein below: Page 3 PPN 923.IAL-25814.26.DOC Page 4 PPN 923.IAL-25814.26.DOC Page 5 PPN 923.IAL-25814.26.DOC Page 6 PPN 923.IAL-25814.26.DOC Page 7 PPN 923.IAL-25814.26.DOC Page 8 PPN 923.IAL-25814.26.DOC Page 9 PPN 923.IAL-25814.26.DOC 7. Various statements made in the Consent Terms are accepted as undertakings given to the Court. 8. Perusal of the Court Receivers’ Report dated 10 September 2026 clearly shows that the Defendant has violated the order passed by this Court. However, the Defendant who is present through VC tenders an unconditional apology for violating the Page 10 PPN 923.IAL-25814.26.DOC order passed by this Court. 9. Accordingly, the Defendant has paid cost of Rs. 25,000/- for violation of an order passed by this Court. Thus in the facts and circumstances, the apology tendered by the Defendant is accepted. The Court Receiver to handover the premises as early as possible and in any case, within a period of one week. 10. Accordingly, Commercial Intellectual Property Rights Suit (L) No. 25682 of 2026 is decreed in terms of the Consent Terms. 11. Refund of Court fees as per rules. 12. The Plaintiff shall pay costs, charges and expenses to the Court Receiver within two weeks on demand being made by the Court Receiver. The Court Receiver stands discharged after handing over the possession of seized property to the Defendant. 13. As the Court Receiver stands discharged, Court Receiver Report No.373 of 2026 stands disposed of. 14. In view of disposal of Commercial Intellectual Property Rights Suit (L) No. 25682 of 2025, nothing survives in Interim Application (L) No. 25814 of 2025 and the same is also disposed of in terms of consent terms. [MADHAV J. JAMDAR, J.] Page 11 PPN