The court disposed of a commercial arbitration petition upon the production and acceptance of consent terms entered into by the parties, accepting such terms as an undertaking to the court.
Arbitration petition disposed in terms of consent terms; interim orders vacated; execution by decree allowed in case of breach.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY AND ORIGINAL CIVIL JURISDICTION
COMMERCIAL ARBITRATION PETITION NO.41 OF 2019
L & T Finance Limited
..Petitioner
Vs.
Unilec Engineers Limited
..Respondent
Mr. Darpan Bhatia I/b Indus Law for Petitioner
(Mr. Shashank Oswal, Authorized Signatory of Petitioner present)
Ms. Divya Srivastava I/b Vishwakarma and Associates for Respondent;
(Mr. Amit Airy, Director of Respondent present)
CORAM : K.R.SHRIRAM, J. DATE : 9th JULY 2019
P.C.:
1 Parties have entered into consent terms dated 26.06.2019. The consent terms signed by authorised signatory of petitioner, Director of respondent and their respective advocates is taken on record and marked "X" for identification. Both counsel state that the signatories to the consent terms are present in Court and identify them.
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2 For ease of reference consent terms with annextures A and B is
scanned and reproduced below:
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3 Order in terms of the consent terms. All undertakings given in
the consent terms are accepted and so ordered. All statements are accepted
as undertaking to this Court.
4 Arbitration Petition stands disposed in terms of the consent terms. All interim/adinterim orders also stand vacated. Refund of court
fees, if any in accordance with rules.
5 If there is breach, petitioner is at liberty to execute this order as
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a decree to the extent of unpaid amounts, in which case drawn up decree is
dispensed with.
(K.R. SHRIRAM, J.)
Meera Jadhav
L & T Finance Limited
Unilec Engineers Limited
K.R. SHRIRAM
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
