Sri Kesineni Srinivas v. M/S Shriram Transport Finance Co. Ltd.
Case brief
What is this about?
AP High Court Amaravati; CMA 126/2019 with IA 1/2024; decided 24-01-2025; per Ninala Jayasurya J (NJS,J) with Sumathi Jagadam J; appeal under S.37(1)(c) Arbitration and Conciliation Act 1996; assails order dt. 12-12-2018 of II Addl. District Judge Vijayawada dismissing Arb.O.P. 179/2016 confirming award dt. 20-09-2016 of sole arbitrator in Arbitration O.P. 136/2014 (Justice Y. Venkatachalam); appellants Kesineni Srinivas and P. Rambabu; respondent Shriram Transport Finance Co. Ltd. (Shriram Finance Limited); compromise memo dt. 04.11.2024 under Order 23 Rule 3 r/w S.151 CPC; settlement Rs. 3,50,00,000/- (Rs. 50,00,000/- cheque 072484 dt. 06-01-2024 Indian Bank Mogalrajpuram; Rs. 3,00,00,000/- cheque 000782 dt. 29-06-2024 ICICI Bank Enikepadu); MOU dt. 06-01-2024; letter dt. 30-06-2024; IA allowed, compromise recorded, CMA closed as compromised, no costs; connected CMAs of 2019 also settled.