In Brief
Two family members who had been in litigation for over two decades reached an amicable settlement through judicial mediation and intervention by a senior counsel. The Supreme Court, observing a willingness to settle, requested the senior counsel to facilitate negotiations. After months of discussions addressing multiple disputes between the parties, a comprehensive settlement was reached. The Court disposed of all appeals and related litigations on the basis of the settlement, clarifying that amounts paid as part of the family partition would not attract capital gains tax.
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