Uem India Pvt. Ltd. v. Pall India Pvt. Ltd.
Case brief
What is this about?
Delhi High Court; O.M.P. (COMM) 37/2018; UEM India Pvt. Ltd. v. Pall India Pvt. Ltd.; Toshiba Water Solutions Private Limited (erstwhile UEM India); Section 34 Arbitration and Conciliation Act 1996; withdrawal under Order 23 Rule 3 CPC; compromise; Settlement Agreement dated 16.01.2025; Pall India Award dated 09.10.2017; award quantum Rs. 4,44,86,800 with 12% interest from 23.08.2013; settlement amount Rs. 2,60,00,000; Essar Oil and Gas Exploration Limited; EPC Contract; water treatment plant; enforcement petition O.M.P (Enf)(Comm) No.98 of 2018 / OMP (ENF.) (COMM.) 89/2018; deposit transfer; Court order dated 30.09.2021; Justice Subramonium Prasad; disposed 14.02.2025; mutual release; no precedents cited.
What did the court decide?
Withdrawal sought on account of compromise accepted; O.M.P. (COMM) 37/2018 disposed of in terms of the Settlement Agreement dated 16.01.2025; parties declared bound by the settlement; deposit made by the Petitioner for stay of the Award ordered to be transferred from the Registry to the nominated account; I.A. 3924/2025 disposed of; next date of hearing 22.04.2025 cancelled and OMP (ENF.) (COMM.) 89/2018 listed on 21.02.2025.