High Court Bench of Bombay dismissed an appeal in an arbitration matter after accepting amicably settled consent terms between the parties and advertiser relaxations, thereby disposing of the appeal and any interim applications.
Appeal disposed; interim applications disposed; liberty to apply granted if authority not provided within one week.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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Digitally signed by MEERA MEERA MAHESH MAHESH JADHAV JADHAV Date: 2023.03.31 12:34:24 +0530
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
APPEAL NO.62 OF 2023
IN
ARBITRATION PETITION NO.243 OF 2012
Narottamdas Goel & Ors.….Appellants
V/s.
Bonanza Portfolio Ltd.…Respondent
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Mr. M. Bhandari i/b Ms Pranali Bhandari for Appellants.
Ms Mugdha Modi i/b Mr. Rajesh Khandelwal for Respondent
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CORAM : K.R. SHRIRAM &
RAJESH S. PATIL JJ
DATED : 29th MARCH 2023
P.C. :
1Ms Modi for respondent on instructions from Manoj Kumar Goel, who
she identifies, is relying upon an extract of a Board Resolution dated 19th
March 2009 and a photocopy of authority letter dated 29th March 2023, to
state that one Manoj Kumar Goel, who is Senior Vice President and
Compliance Officer is authorised to represent respondent. We are not
satisfied. Ms Modi states she shall file a proper authority in favour of Manoj
Kumar Goel within one week from today. Statement accepted as an
undertaking to this court.
2Parties have amicably settled the matter and tendered consent terms
dated 29th March 2023. The consent terms signed by appellant no.1 and
Manoj Kumar Goel, Senior Vice President and Compliance Officer of
respondent and their respective advocates, is taken on record and marked
Meera Jadhav
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“X” for identification. Appellant no.2 is not present in court but Mr. Bhandari
states and has also endorsed in the consent terms that appellant no.2 has
signed the consent terms in his presence. The signatories of the parties are
present in court and are identified by their respective advocates.
3 For ease of reference the consent terms is scanned and reproducedhereinbelow:
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4 Order in terms of consent terms.5 All statements accepted as an undertaking to the court. All undertakings accepted.6 Appeal stands disposed. Interim application, if any, also stands disposed.Meera Jadhav
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7 If the authority of Manoj Goel is not provided to Mr. Bhandari withinone week, liberty to apply.(RAJESH S PATIL, J.)
(K.R. SHRIRAM, J.)
Meera Jadhav
Narottamdas Goel & Ors.
Bonanza Portfolio Ltd.
RAJESH S PATIL
K.R. SHRIRAM
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court