Orchid Pharma Ltd., v. M/s.Prateesh Engineering Enterprises
Case brief
What is this about?
Withdrawal of statutory deposit; Arbitration and Conciliation Act, 1996; Arb. O.P. (Com.Div.) No.525 of 2024; A. No.3198 of 2025; Orchid Pharma Ltd. v. M/s.Prateesh Engineering Enterprises; joint memorandum of compromise dated 07.03.2025; amicable settlement between parties; disposal of arbitration original petition by recording compromise; cheque issuance by Registry within two weeks; Madras High Court, Commercial Division; Abdul Quddhose, J.; order dated 10.07.2025; Rs.34,50,384/-.
What did the court decide?
Permission granted to the applicant to withdraw the statutory deposit of Rs.34,50,384/- lying to the credit of O.P.No.525 of 2024; Registry directed to issue a cheque in favour of the applicant for Rs.34,50,384/- within two weeks from the date of receipt of a copy of the order. ¶19