Bombay High Court

Indian Agro Chem Industries Pvt LtdversusPioneer Agro Industries

Decided: 10 September 2026
Disposal: CONSENT TERM

Holding

The suit is decreed in terms of the Consent Terms, confirming the settlement.

Summary

Indian Agro Chem Industries Pvt. Ltd. filed a suit against Pioneer Agro Industries in the Bombay High Court. The parties later reached a settlement, formalized in a Consent Terms document signed by authorized representatives of both companies, including a director of the plaintiff and partners of the defendant, pursuant to a board resolution. The parties appeared via video conference to confirm the settlement, and the consent document was placed on record. The court accepted the settlement as an undertaking, decreed the suit in accordance with the Consent Terms, ordered a refund of court fees, and disposed of the related interim application. The leave petition filed earlier was allowed as per its prayer clause.

Issues considered

Whether the parties have the authority to settle the dispute through the Consent Terms
Whether the settlement can be enforced as a decree of the court

Subjects

settlement
consent decree
commercial intellectual property rights
civil procedure
court fees
video conference
board resolution

Judgment

                                                       18 IAL-1597-2026 =.DOC
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          IN THE HIGH COURT OF JUDICATURE AT BOMBAY
              ORDINARY ORIGINAL CIVIL JURISDICTION
                   IN ITS COMMERCIAL DIVISION
      COMMERCIAL INTELLECTUAL PROPERTY RIGHTS SUITS
                LODGING NO. 1367 OF 2026
                          WITH
              LEAVE PETITION NO. 31 OF 2026

Indian Agro Chem Industries Pvt. Ltd.      ....Plaintiff
       Vs.
Pioneer Agro Industries                     ....Defendant
                              WITH
        INTERIM APPLICATION LODGING NO. 1597 OF 2026
                               In
 COMMERCIAL INTELLECTUAL PROPERTY RIGHTS SUITS STAMP
                        NO. 1367 OF 2026
Indian Agro Chem Industries Pvt. Ltd.      ....Applicant
In the matter between :
Indian Agro Chem Industries Pvt. Ltd.      ....Plaintiff
       Vs.
Pioneer Agro Industries                    ....Defendant



Mr. Kaivalya Shetye, i/b. Mahesh Mahadgut, for the Plaintiff.
Mr. Sanjeev Hariakar, for the Defendant.
Mr. Dnyanoba R. Mane, Representative of Plaintiff.


                        CORAM:       MADHAV J. JAMDAR, J.
                        DATE :       10th SEPTEMBER, 2026
P. C.:

                   LEAVE PETITION NO. 31 OF 2026

1.       Perused the Plaint and the Leave Petition.

2.       For the reasons set out in the Leave Petition, the same is

allowed in terms of prayer clause (a) and disposed of as such.




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      COMMERCIAL INTELLECTUAL PROPERTY RIGHTS SUITS
                LODGING NO. 1367 OF 2026
1.     Mr. Shetye, learned counsel appearing for the Plaintiff and

Mr. Hariakar, learned counsel appearing for the Defendant state

that the parties have settled the dispute and tender the Consent

Terms. The Consent Terms are signed by Mr. Dnyanoba R. Mane,

Director of the Plaintiff-Company, who has been authorized to sign

the Consent Terms pursuant to Board Resolution passed on 24 th

June, 2026. The Consent Terms are also signed by Mr. Vinaykumar

H. Patel and Mr. Shaileshbhai K. Patel, who are the Partners of the

Defendant-Pioneer Agro Industries.


2.     Mr. Dnyanoba R. Mane, Director of the Plaintiff-Company

and Mr. Vinaykumar H. Patel and Mr. Shaileshbhai K. Patel, the

Partners of the Defendant-Pioneer Agro Industries are present

through video conference and all of them state that they have

settled the dispute in terms of the Consent Terms. Both learned

counsel identify the signatures of their respective clients.


3.     Accordingly, the Consent Terms are taken on record and

marked “X” for identification.




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4.    A scanned copy of the Consent Terms is reproduced

hereunder for ready reference :




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7.    Various statements made by the parties contained in the

Consent Terms are accepted as undertakings given to this Court.

8.    The Suit is decreed in terms of the Consent Terms.

9.    Refund of Court fees as per Rules.

10.   In view of the disposal of the Suit, the Interim Application

also stands disposed of.

                                       [MADHAV J. JAMDAR, J.]


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