The Tribunal disposed of an arbitration matter where parties settled outstanding dues. The withdrawal application was granted, and the arbitral order withdrawn as settled.
Order O.A. 541 of 2023 and pending applications disposed of as withdrawn as settled; refund of Court fee directed.
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Order Sheet
| Case No. O Date of the Order |
A 541 of 2023 HDFC BANK -VS- SIMPLEX INFRASTRUCTURE LIMITED AN Order with Signature |
D ORS Office action with date and dated Signature of Parties when necessary |
|---|---|---|
| 26.8.2025 (Sl. No. 6) |
Mr. Aritra Deb. … For the Applicant Bank. Mr. Vishwarup Acharya. (Virtually) … For the Defendant. |
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| The applicant bank has filed IA 1400 of 2025praying for withdrawal of O.A. 541 of 2023 seeking recovery of Rs.202,24,77,864.46p. During the pendency of the matter, the applicant and the defendant have arrived at a compromise and settled the dues of the applicant in the instant OA and have paid Rs.15,00,00,000/-in full and final settlement of the outstanding dues. In view of the amicable settlement arrived at between the parties, the instant I.A. and all other pending I.As are disposed of along with O.A. 541 of 2023in the category of dismissed as withdrawn as settled. The applicant bank is entitled for refund of Court Fee in terms of the Rules for which the applicant may move before the learned Registrar of this Tribunal who may take decision in accordance with rules and regulations of the subject. File be consigned to the record room. |
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| (Ambuja Mohan Das) Presiding Officer ac |
2
HDFC BANK
SIMPLEX INFRASTRUCTURE LIMITED
Ambuja Mohan Das
As recorded by the court registry
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