Satish Chander Sawhney v. Mahindra And Mahindra Financial Services Ltd. And 2 Others

1/2 8.ARBP-795-2018.doc by Gauri A.

Gaekwad Date:

2021.03.09 11:15:43 +0530 Gauri A.

Gaekwad

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.795 OF 2018 WITH NOTICE OF MOTION NO.1084 OF 2019 IN ARBITRATION PETITION NO.795 OF 2018 Satish Chander Sawhney ....Applicant/Petitioner V/s.

Mahindra and Mahindra Financial Services Ltd. & Ors.

....Respondents ---- Mr. Mayur Pandurang Kadu for petitioner.

Ms. Priya Crasto for respondent.

---- CORAM : K.R.SHRIRAM, J.

DATED : 8th MARCH 2021 P.C. :

Mr. Kadu for petitioner states that petitioner has paid an amount of Rs.60,000/- in full and final settlement within one week as mentioned in paragraph 3 of the order dated 15th February 2021. Ms. Crasto confirms having received the amount of Rs.60,000/- in full and final settlement of all claims whatsoever that it has against petitioner under the Award dated 23rd April 2018.

Ms. Crasto states that respondent no.1 has not commenced execution proceedings to execute the Award dated 23rd April 2018. Statement accepted. Ms. Crasto states that if respondent no.1 has already commenced execution proceedings, respondent no.1 will withdraw the execution proceedings within two weeks from today. Gauri Gaekwad

2/2 8.ARBP-795-2018.doc Within 7 days from today, respondent no.1 shall issue a no dues certificate to petitioner even though this order itself will work as a no dues certificate.

Arbitration petition accordingly stands disposed. Notice of motion also stands disposed.

(K.R. SHRIRAM, J.) Gauri Gaekwad