Disposed

Mbl Infrastructure Ltd. v. National Highways Authority of India

Delhi HC13 Nov 2024O.M.P. (COMM)/291/2023

Case brief

AI extract

What is this about?

Arbitration petition under Section 34 settled by agreement dated 04.11.2024 for Rs. 8,35,08,299/- plus GST and removal of a non-performer order; court disposed of the petition in terms of the settlement.

What did the court decide?

Petition under Section 34 Arbitration Act disposed in terms of settlement agreement dated 04.11.2024; parties bound by its terms.

Mbl Infrastructure Ltd. Vs National Highways Authority of India — Arbitration | Delhi HC (2024)

¶1

$~68

¶2

IN THE HIGH COURT OF DELHI AT NEW DELHI

¶3

- O.M.P. (COMM) 291/2023

¶4

MBL INFRASTRUCTURE LTD .....Petitioner Through: Ms. Anusuya Salwan and Ms. Nikita Salwan, Advocates

¶5

versus

¶6

NATIONAL HIGHWAYS AUTHORITY OF INDIA .....Respondent Through: Mr. Gopal Singh, Advocate

¶7

CORAM:

¶8

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD O R D E R

¶9

% 13.11.2024 I.A. 44845/2024

¶10

This is an application under Section XXIII Rule 3 CPC on behalf of the Petitioner seeking disposal of the present petition in terms of the settlement agreement dated 04.11.2024.

¶11

The settlement agreement has been annexed with the present application. The relevant portion of the settlement agreement dated 04.11.2024 reads as under:-

¶12

“2. The Amount of Full and Final Settlement

¶13

2.1 Parties hereby acknowledge and agreed that the amount of full and final settlement for resolution of various disputes is Rs. 8,35,08,299/- (including interest up to 30.09.2024) + GST as per actual (GST shall be reimbursed on submission of proof of deposition of GST) and removal of the Non-Performer Order dated 16.07.2021. For avoidance of doubt(s), there are no past, present or outstanding liabilities, claims, disputes or counter-claims related to disputes between the NHAI and the Contractor in respect of the Contract

¶14

This is a digitally signed order.

¶15

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 20/11/2024 at 12:35:01

¶16

Agreement dated 20.01.2012

¶17

2.2 NHAI agreed to release an amount of Rs. 8,35,08,299/- (including interest up to 30.09.2024) to the Contractor within a period of 30 days of the Effective Date + GST as per actual (GST shall be reimbursed on submission of proof of deposition of GST).

¶18

2.3 Parties acknowledge, undertake and agree that the payment of above said amount of Rs. 8,35,08,299/- into the designated account of the entitled party (Current Ale 36918472580 of M/s MBL Infrastructure Ltd. in the State Bank of India, No. 3,4 & 5, DDA Building, Nehru Place, New Delhi -110019 (IFSC CodeSBIIN0041077) and removal of the non-Performer order dated 16.07.2021 shall constitute a valid discharge under this Agreement.

¶19

2.4 Parties acknowledge that this Settlement Agreement settles all the disputes in respect of the Contract Agreement dated 20.01.2012.”

¶20

In view of the above, the petition under Section 34 of the Arbitration & Conciliation Act is disposed of along with pending application(s), if any. 4. The parties are bound by the terms of the settlement agreement dated 04.11.2024.

¶21

The next date already fixed in the matter, i.e., 21.01.2025, stands cancelled.

¶22

The application is disposed of.

¶23

SUBRAMONIUM PRASAD, J

¶24

NOVEMBER 13, 2024 hsk

¶25

This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 20/11/2024 at 12:35:01

Mbl Infrastructure Ltd. v. National Highways Authority of India

Case brief

What is this about?

What did the court decide?

Mbl Infrastructure Ltd. v. National Highways Authority of India

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Balraj Bidhuri & Ors. Vs State & Anr.

Sachin Kumar Aggarwal Vs State NCT of Delhi & Ors.

Lakshay Mehra Vs State of NCT of Delhi & Anr.

Ascot Solar Pvt. Ltd. Vs Government of India Press

Livfin India Private Limited Vs Syska Led Lights Private Limited

M/S Indiabulls Housing Finance Ltd. Vs Thiruvarul Adik Selvan and Ors.