Pro Rural v. Hrds India (the Highrange Rural Development Society)
Case brief
What is this about?
Delhi High Court order dated 01.05.2025 in ARB.P. 305/2025, PRO RURAL v. HRDS INDIA (THE HIGHRANGE RURAL DEVELOPMENT SOCIETY), Justice Manmeet Pritam Singh Arora. Settlement-based disposal of an arbitration petition via conciliated agreement dated 24.04.2025 executed at the Delhi High Court Mediation and Conciliation Centre; balance of Rs. 2,46,00,000/- payable in five installments (08.05.2025 to 12.09.2025); settlement accorded status and effect of an arbitral award under the Arbitration and Conciliation Act, 1996; Respondent undertook compliance; parties bound to the agreement.
What did the court decide?
Petition disposed of in terms of the conciliated agreement dated 24.04.2025, binding both parties to it; the Respondent undertook to perform its obligations under the said agreement. ¶17