Tata Capital Financial Services Ltd. v. Arshad Navroj Tejani And 3 Others

carbpl 527 of 2017 (917).sxw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION ARBITRATION PETITION (L) NO.527 OF 2017 Tata Capital Financial Services Ltd.

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Petitioner versus Arshad Navroj Tejani and Ors.

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Respondents Mr. Nilesh Gala i/by M/s. Law Square, for Petitioner. Mr. Chetan Kapadia with Mr. Rihal Kazi i/by M/s. M and M Legal Ventures, for Respondent Nos.1 to 3.

CORAM: S.J. KATHAWALLA, J.

DATE: 7 th FEBRUARY, 2018 P.C.:

1.

The learned Advocates for the parties have tendered Consent Terms dated th February, 2018. They submit that the Consent Terms be taken on record and the above Arbitration Petition be disposed of in terms of the Consent Terms. The Consent Terms are taken on record and marked 'X' for identification. The Consent Terms are signed by the Constituted Attorney of the Petitioner, Respondent Nos.1, 2 and 3 and their their respective Advocates. The undertakings recorded in the Consent Terms are accepted. The above Arbitration Petition is disposed of in terms of the Consent Terms, marked 'X'

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2.

It is clarified that in the event of Respondent Nos.1 to 3 committing any default in complying with the Consent Terms, a copy of the Affidavit in Reply filed by ssp 1/2

carbpl 527 of 2017 (917).sxw the Respondents disclosing their assets shall be handed over to the Advocate for the Petitioner. Liberty to apply.

( S.J.KATHAWALLA, J. ) ssp 2/2