Sri Kesineni Srinivas v. M/s Shriram Transport Finance Co.Ltd
Case brief
What is this about?
AP High Court Amaravati, decided 24-01-2025; C.M.A. No.100 of 2019 with I.A. No.1 of 2024; Kesineni Srinivas and Tatineni Rambabu (appellants) v. M/s Shriram Finance Limited formerly Shriram Transport Finance Company Limited (respondent No.1, GPA holder Y. Koteswara Rao) and Justice Sri Y Venkatachalam, Arbitrator (respondent No.2, not a necessary party); appeal under Section 37(1)(c) Arbitration and Conciliation Act 1996 against order dated 12-12-2018 of II Additional District Judge, Vijayawada in ARB.O.P.No.163 of 2016; IA under Order 23 Rule 3 r/w Section 151 CPC; compromise memo dated 04-11-2024; settlement of Rs.3,50,00,000 (Rupees Three Crores Fifty Lakhs) full and final — cheque 072484 dated 06-01-2024 Rs.50,00,000 Indian Bank Mogalrajpuram, cheque 000782 dated 29-06-2024 Rs.3,00,00,000 ICICI Bank Enikepadu; connected CMAs 86, 93-99, 101-106, 117, 123, 126, 127 of 2019; IA allowed, appeal disposed as compromised; counsel: C. Sindhu Kumari and Senior Counsel S.S. Prasad (appellants), O. Udaya Kumar (respondent No.1); bench: Ninala Jayasurya and Sumathi Jagadam JJ.