Rajiv Luthra to pay Mohit Saraf ₹ 52 crore and bank guarantee of ₹ 25 crore as interim settlement-Delhi High court

The legal battle between L&L founding partner Rajiv Luthra and senior partner Mohit Saraf appears to be drawing to a close, after both parties arrived at a consensus regarding the latter’s exit from firm.

In a draft order passed today by justices RS Endlaw and Sanjeev Narula and terms have been set for Mohit Saraf departure from L&L partners.

Saraf had moved the High court in October last year after he was removed from the L&L partnership by Luthra.

Senior advocate Harish salve has agreed to mediate between Luthra and Saraf. The same however failed to bear fruit. An earlier Attempt to settle the matter through mediation had also failed.

Single judge had stayed the termination of Saraf from L&L partnership.

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