Shatta has been sued by the company for defamatory comments he made on four seperate videos he posted on social media site facebook.
Charter House was asking for GHS10,000,000 in damages.
Incidentally, after the suit was filed, the dance hall artiste released a single, mocking the entertainment company of being broke and hoping to make some bucks at his expense.
That appeared to have angered Charter House all the more, with the lawyers first asking the court to grant an injunction on Shatta Wale from making any further derogatory remarks against their client.
Sources close to the plaintiff told Myjoyonline.com, Shatta Wale later brought a letter requesting for an out of court settlement but they were hesitant to accept the request because they could not guarantee that Shatta Wale will desist from insulting them.
When the hearing opened Monday, Charles Mensah, father of Shatta Wale, again pleaded with the court to allow an out of court settlement.
The court is yet to rule on that plea.
The judge however granted the plaintiff's application for interlocutory injunction to stop Shatta from releasing insulting videos against Charter House.
The case has been adjourned to November 4, 2014.
A close source to the plaintiff told Joy News they will be considering the content of the out of court settlement before taking a decision.
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