Disposed
Carmel Engineering Chennai Pvt. Ltd. v. The Maging Director
Madras HCOP/69/2019
Case brief
AI extract
What is this about?
The High Court at Madras disposed of an Original Petition filed under Section 11 of the Arbitration and Conciliation Act, 1996, to appoint an arbitrator. The Court recorded a Joint Memo of Compromise where respondents agreed to pay Rs. 40 Lakhs to the petitioner, settling all claims regarding an LSAgreement.
What did the court decide?
The Original Petition was disposed of upon recording the Joint Memo of Compromise; no costs awarded. The compromise terms are incorporated into the order.