An original petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, to set aside an arbitral award was dismissed for default due to the non-appearance of the parties on the hearing date.
The original petition under Section 34 of the Arbitration and Conciliation Act, 1996 was dismissed for default. No costs awarded.
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1
IN THE HIGH COURT OF JUDICATURE AT MADRAS
Date : 15.07.2019
CORAM
THE HONOURABLE MR.JUSTICE N.SATHISH KUMAR
O.P.No.803 of 2017
1.K.Meenakshi 2. C.Kailasam 3. S.Subramaniam ...Petitioners Vs
M/s. New Link Overseas Finance Ltd Rep by its Managing Director, Mamath Complex, II Floor,
25, Whites Road,
Chennai 600 014. ... Respondent Prayer:- Original petition has been filed under Section 34 of the Arbitration
and Conciliation Act, 1996, to set aside the award dated 09.03.2017 passed by the sole Arbitrator Shri D.Saravanan Advocate, Chennai in Arbitration proceedings reference A.C.P.No.1 of 2014 passed against the petitioners directing to pay a sum of Rs.32,59,837/- (Rupees Thirty two laks fifty nine thousand eight hundred and thirty seven) together with interest at 21.57% PA from 27.02.2014, the date of reference to till the date of realisation with a cost of Rs.60,000/- (Rupees sixty thousand) and cost of the present petition.
For Petitioners : No appearance For Respondent : No appearance
ORDER
This original petition has been field to set aside the award dated
09.03.2017 passed by the sole Arbitrator Shri D.Saravanan Advocate, Chennai
in Arbitration proceedings reference A.C.P.No.1 of 2014 passed against the
2
N.SATHISH KUMAR,J.
msv
petitioners directing to pay a sum of Rs.32,59,837/- (Rupees Thirty two laks fifty nine thousand eight hundred and thirty seven) together with interest at 21.57% PA from 27.02.2014, the date of reference to till the date of realisation with a cost of Rs.60,000/- (Rupees sixty thousand) and cost of the present petition.
15.07.2019
msv Index:Yes/No Internet:Yes/No Speaking order: Non-speaking order O.P.No.803 of 2017
K. Meenakshi, C. Kailasam, S. Subramaniam
M/s. New Link Overseas Finance Ltd
N. Sathish Kumar
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
