M/S. Oil And Natural Gas Corpn. Ltd. v. Thermax Ltd.

app-70.06 pmw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION APPEAL NO.70 OF 2006 IN ARBITRATION PETITION NO.480 OF 2004 Oil and Natural Gas Corporation Limited ... Appellant

Versus

Thermax Limited ... Respondent ------------ Mr. Aziz Khan a/w Mr. Deepak Singh i/by Divya Shah Associates for the Appellant.

Mr. Anurag Mankar i/by M/s. Argus Partners for the Respondent. CORAM : A.S. OKA & A.K. MENON, JJ.

DATE : 27th APRIL, 2017 P.C.

Not on Board. Taken on Board.

The learned counsel appearing for the respondent states that the respondent has received the decretal amount and therefore, the respondent has no objection for release of the Bank guarantees furnished by the appellant. The Bank guarantees were furnished under the order dated 2nd December, 2016.

app-70.06 Hence, by consent of the parties, we direct that the Bank guarantees furnished by the appellant shall be released and returned to the appellants by the Prothonotary and Senior Master. (A.K. MENON, J) (A.S. OKA, J)