Hindustanpetroleum Corp Ltd. v. M/S Arss Infrastructure
Case brief
What is this about?
This order disposes of a Section 34 petition under the Arbitration Act, 1996, allowing the petitioner's settlement. A Joint Memo of Compromise with payment was filed; the arbitrator was struck off as not a necessary party, and the listing for disposal was ordered.
What did the court decide?
The petition was disposed of on the basis of a filed Joint Memo of Compromise and payment of Rs.83,92,683.41.