Indian Oil Corporation Limited v. Sarvesh Prasad

$~8 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 580/2025 INDIAN OIL CORPORATION LIMITED .....Petitioner Through:

Mr. Sidhant Kumar, Mr. Akshit Mago and Mr. Om Batra, Advocates.

versus SARVESH PRASAD .....Respondent Through:

Mr. Jagder Singh and Mr. Praveen Bhati, Advocates.

CORAM:

HON'BLE MS. JUSTICE JYOTI SINGH

O R D E R

% 23.04.2025 1.

This petition is preferred on behalf of the Petitioner under Section 11(6) of the Arbitration and Conciliation Act, 1996 ('1996 Act') for appointment of an Arbitrator.

2.

Mr. Jagder Singh, learned counsel enters appearance on behalf of the Respondent and on instructions, submits that Respondent is willing to amicably settle the matter and pay an amount of Rs.17,47,000/- to the Petitioner within six months in equal instalments in full and final settlement of all the claims of the Petitioner. Learned counsel for the Petitioner, on instructions, accepts this proposal.

3.

Accordingly, this petition is disposed of taking on record the undertaking of the Respondent that he shall pay a sum of Rs.17,47,000/- to the Petitioner within six months in equal instalments. Affidavit of undertaking shall be filed by the Respondent within two weeks from today. Respondent has been explained the consequences of violation of the undertaking given to the Court.

JYOTI SINGH, J APRIL 23, 2025/shivam The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 30/06/2025 at 23:35:43