Court dismissed the application filed under Section 34(2) of the Arbitration Act to set aside an arbitral award, leaving parties to bear their own costs.
Application to set aside arbitral award dismissed; each party to bear own costs.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Arb.O.P.(Com.Div.)No.485 of 2023
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 06.03.2024
CORAM
THE HONOURABLE MR.JUSTICE C.SARAVANAN
Arb.O.P.(Com.Div.)No.485 of 2023
1.S.Ragunath 2.H.Rajesh
.. Petitioners
Vs.
M/s.Shriram Transport Finance Co.Ltd Now Amalgamated with the M/s.SHRIRAM FINANCE LTD Rep by its Authorised Signatory G.Raveendran having their Registered Office, III Floor, Lady Desikachary Road, Mookambika Complex, Mylapore, Chennai – 600 004. .. Respondent
Prayer : Original Petition is filed under Section 34(2) of the Arbitration and Conciliation Act, 1996, praying to set aside the Arbitral Award dated 22.07.2023 passed in Arbitration Case No.616/2022 passed by the Sole Arbitrator Sri.V.Pauldas, in its entirely and to direct the respondent herein to pay the cost of this Arbitration Original Petition and to award such further or other orders/relief.
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Arb.O.P.(Com.Div.)No.485 of 2023
For Petitioners : M/s.N.S.Rachel Catherine For Respondent : Mr.M.Peer Mohamed
O R D E R
The learned counsel for the petitioner submits that she has no further instructions from the respondent. Already an order came to be passed on 07.02.2024, wherein, it was stated that the applicants/petitioners should deposit 50% of the Award amount within a period of four weeks from the date of the order. However, till date, there has been no compliance.
dispute before Mediation. However, High Court Annexed Mediation Centre has reported that no settlement has been arrived between the parties.
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Arb.O.P.(Com.Div.)No.485 of 2023
dismissed, leaving the parties to bear their own costs.
06.03.2024
jas Index : Yes / No Internet : Yes / No Neutral Citation : Yes / No
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Arb.O.P.(Com.Div.)No.485 of 2023
C.SARAVANAN, J.
jas
Arb.O.P.(Com.Div.)No.485 of 2023
06.03.2024
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1 issue framed by the court
Whether to set aside the arbitral award and direct the respondent to pay costs.
1 provisions across 1 enactments
1. S. Ragunath 2. H. Rajesh
M/s. Shriram Transport Finance Co. Ltd
C. Saravanan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
