M/S Gannon Dunkerley and Co., Ltd. v. M/S Bharat Heavy Electricals Ltd.
Case brief
What is this about?
Section 11(6) Arbitration and Conciliation Act 1996; appointment of Sole Arbitrator; joint memo; amicable settlement dated 13.11.2025; Minutes of Settlement Meeting; disposal of petition in terms of settlement; liberty to revive on default; Work Order No. 88/08/0037/AKS dated 06.03.2009; Clause 2.14 of Section 2 General Condition of Contract; M/s Gannon Dunkerley and Co. Ltd. v. Bharat Heavy Electricals Ltd.; Karnataka High Court CMP No. 131 of 2024.
What did the court decide?
Petition disposed of with settlement memo taken on record: Respondent to pay Petitioner the agreed amount of Rs.4,65,29,218/- in two tranches (Rs.2,68,15,000/- before 15.12.2025 and Rs.1,97,14,218/- before 15.01.2026) in full and final settlement of the petitioner's claim; liberty reserved to the petitioner to seek revival of the matter if the respondent fails to pay as indicated in the joint memo. No arbitrator appointed.