National Highway Authority Of India v. Hyderabad Yadgiri Tollway Pvt.Ltd

$~53 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P. (COMM) 173/2019 NATIONAL HIGHWAY AUTHORITY OF INDIA .....Petitioner Through:

Ms. Asha Gopalan Nair, Ms. Nivedita Nair, Advs.

versus HYDERABAD YADGIRI TOLLWAY PVT.LTD .....Respondent Through:

CORAM:

HON'BLE MR. JUSTICE ANISH DAYAL

O R D E R

% 28.02.2025 I.A. 5322/2025 (Application under Section 73 of the Arbitration & Conciliation Act, 1996) 1.

This application has been filed under Section 73 of the Arbitration & Conciliation Act, 1996 to take on record, the settlement arrived at, between the parties.

2.

Parties shall be bound to the terms of the settlement. 3.

The application is disposed of.

I.A. 5321/2025 (Application for withdrawal of amount) 1.

This application has been filed by National Highways Authority of India ('NHAI') for withdrawal of the amount of Rs.7,66,17,621/-, deposited before this Court, on 20th June 2019.

2.

Considering that as per the settlement, the amounts agreed to, have been paid to the respondent, which the counsel for respondent confirms, the 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 05/03/2025 at 14:52:17

said amounts are to be released to NHAI.

3.

Accordingly, the Registry is directed to release the said amounts to NHAI along with accrued interest.

4.

Application is, therefore, disposed of.

O.M.P. (COMM) 173/2019 1.

The petition is, therefore, disposed of in the above terms. 2.

The date already fixed i.e. 1st April 2025 stands cancelled. 3.

Order be uploaded on the website of this Court. ANISH DAYAL, J FEBRUARY 28, 2025/ak/kp 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 05/03/2025 at 14:52:17