M/s.Jothi Engineering Company, Rep.by its Managing Partner Mr.K.Venkatesh, v. The Executive Engineer, TamilNadu Water Supply and Drainage Board
Case brief
What is this about?
Madras High Court, Arb.O.P.(Comm.Div.) No.344 of 2024 (decided 02.01.2025, P.B. Balaji J.): Section 11(5) Arbitration and Conciliation Act 1996 petition by M/s.Jothi Engineering Company (Managing Partner K.Venkatesh) for appointment of an independent sole arbitrator under Clause 25.3 of Agreement dated 28.09.2006 with the Executive Engineer, TWAD Board, RWS Division, Cuddalore; petition dismissed on recording of amicable settlement - Demand Draft No.635970 (Indian Bank, Cuddalore Main) for Rs.47,86,421/- accepted as full and final settlement of all claims; no mutual claims remain. Keywords: arbitration, Section 11(5), sole arbitrator, amicable settlement, full and final settlement, TWAD Board.
What did the court decide?
The parties negotiated an amicable settlement; a Demand Draft bearing No.635970, Indian Bank (Cuddalore Main), for Rs.47,86,421/- was handed over to the petitioner, whose receipt was acknowledged by the petitioner present in person.