Naresh J. Doshi And 3 ORS. v. Reserve Bank Of India And 2 ORS.

by HEMANT CHANDERSEN SHIV Date:

2021.12.17 15:30:59 +0530 1-OSWP-1875-2021.DOC HEMANT CHANDERSEN SHIV hcs

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO. 1875 OF 2021 Naresh J Doshi and Ors

...Petitioners

Versus

Reserve Bank of India & Ors

...Respondents

Mr Birendra Saraf, Senior Advocate, with Mr Ranjeev Carvalho, Ms Apurva Gupte, Ms Sabeena Mahadik, Mr Pankaj Uttaradhi, Mr Sagar Hate and Ms Sanjana Salvi for the Petitioners. Mr Kaustubh Gupte, with Disha Shetty for Respondent No 2.

CORAM

G.S. Patel & Madhav J. Jamdar, JJ.

DATED:

16th December 2021 PC:- 1.

We note the statement made on behalf of the 2nd Respondent that the arbitration cannot proceed in view of the decision of the Supreme Court in Vidya Drolia & Ors v Durga Trading Corporation.1 2.

The arbitration proceedings stand terminated with consent of the parties.

3.

The Petition is disposed of in these terms. There will be no order as to costs.

1(2021) 2 SCC 1.

16th December 2021

1-OSWP-1875-2021.DOC 4.

It goes without saying that the 2nd Respondent is at liberty to pursue all its remedies in law.

5.

of this order.

(Madhav J. Jamdar, J) (G. S. Patel, J) 16th December 2021