Cholamandlam Investment & Finance Company Limited v. Krishana Devi & ORS.

$~27 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ O.M.P.(I) 92/2015 CHOLAMANDLAM INVESTMENT & FINANCE COMPANY LIMITED ..... Petitioner Through Mr.Ravinder Agarwal, Adv.

versus KRISHANA DEVI & ORS.

..... Respondents Through None.

CORAM:

HON'BLE MR. JUSTICE MANMOHAN SINGH

O R D E R

% 17.03.2016 Learned counsel for the petitioner submits that the learned Arbitrator has already entered upon reference and the arbitration proceedings are in progress. It is submitted by the learned counsel for the petitioner that in case the interim order dated 24th April, 2015 is made absolute he will not pressed the present petitions. In view of the same order dated 24th April, 2015 is made absolute. Liberty is granted to the respondents to move an application before the Arbitrator under Section 17 of the Arbitration and Conciliation Act, 1996 for modification or vacation of the interim order, if necessary. As and when the application is filed the same will be considered as per its own merits. Ordered accordingly.

The petition is accordingly disposed of.

MANMOHAN SINGH, J.

MARCH 17, 2016/vp