H.P.Housing Urban Devlopment Authority v. Ms Kapil Construction
Case brief
What is this about?
Himachal Pradesh High Court; CARBC No.13 of 2026; OMP No.1466 of 2025; H.P. Housing & Urban Development Authority v. M/s Kapil Construction; arbitration compromise; full and final settlement Rs.9,37,687; Court deposit Rs.11,50,553 fixed deposit; release of deposit; award deemed satisfied; no surviving claims; pending applications disposed; Justice Sandeep Sharma; decision 04.05.2026; Bhupender Gupta Senior Advocate; Janesh Gupta; J.S. Bhogal Senior Advocate; T.S. Bhogal; respondent representative Abhishek Bansal.
What did the court decide?
Both OMP No.1466 of 2025 and CARBC No.13 of 2026 disposed of on the parties' amicable compromise: Rs.9,37,687 ordered released in favour of respondent as full and final settlement, out of the petitioner's deposit of Rs.11,50,553 lying in fixed deposit with accrued interest; remaining amount with up-to-date interest to be remitted to the petitioner's bank account (details to be furnished by its counsel within one week); award passed by the learned Arbitrator deemed satisfied; no claim of either party to survive; pending applications disposed of.