Compromise, an adjustment of claims in dispute by mutual concession; also a mutual promise of two or more parties at difference to refer the ending of their controversy to arbitrators. As to the authority of counsel to compromise an action, see Neale v. Gordon-Lennox, 1902 AC 465; and of solicitor, see Fray v. Voules, (1859) 1 E&E 839; and Macaulay v. Polley, (1897) 2 QB 122.
Means settlement of difference by mutual con-cessions, State of Punjab v. Ganpat Raj, (2006) 8 SCC 364.
Means settlement of difference by mutual concessions, State of Punjab v. Phulan Rani, (2004) 7 SCC 555.
Compromise, between the parties means that there is some element of give and take on both sides, Ram Lakhan Chaudhary v. Haridwar Chaudhary, 2005 (12) SCC 383 [Civil Procedure Code, 1908, O. 23, r. 3]
Is always bilateral and means mutual adjustment, Haryana Urban Development Augthority v. S.P. Jain, AIR 2004 SC 4105.