Disposes an arbitration application where the respondent deposited Rs.4 Lakh as security, accepted by the applicant subject to a tax deposit undertaking. The applicant also waived a minor claim.
Arbitration application stands disposed off subject to undertaking for tax deposit.
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(5)ARBAP-249-2021.doc
rajshree
Digitally signed by RAJSHREE RAJSHREE KISHOR KISHOR MORE MORE Date: 2023.07.06 18:04:30 +0530
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
ARBITRATION APPLICATION NO.249 OF 2021
| Wisdom Corporation | ] .. |
Petitioner |
|---|---|---|
| vs. | ||
| Deepmala Infrastructure Pvt. Ltd. | ] .. |
Respondent |
Mr.Deven Jogdev for the Petitioner. Mr.Ramesh Sahu for the Respondent.
CORAM : BHARATI DANGRE, J
DATE : 04th July, 2023.
P.C.
1] Arbitration Application deserve disposal as the learned counsel for the Respondent has handed over a Demand Draft or Rs.4 Lakh to the learned counsel for the Applicant. The receipt of the Demand Draft is acknowledged by the learned counsel for the Applicant.
2] The payment is accepted subject to an Undertaking by the respondent that the tax payable (10%) on the said amount shall be deposited by the Respondent on or before 31.07.2023.
Upon receipt of the amount in the form of Demand Draft, the learned counsel for the Applicant state that he is ready to waive his claim to the tune of Rs.2,572/-.
In the wake of abovesaid understanding Arbitration Application stands disposed off.
[BHARATI DANGRE, J]
1/1
Wisdom Corporation
Deepmala Infrastructure Pvt. Ltd.
Bharati Dangre
As recorded by the court registry
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