Vishal Infrastructure Ltd., Thr. Its Authorised Signatory., v. The Board Of Trustees Of The Port Of Mormugao, Rep. By Constituted Attorney, Hemangi Arsekar.,

Vishal Infrastructure Ltd v The Board of Trustees of the Port of Mormugao 25-MCA544-17.doc Amrut

IN THE HIGH COURT OF BOMBAY AT GOA

MISC. CIVIL APPLICATION NO.544 OF 2017 IN APPEAL UNDER ARBITRATION ACT NO. 2 OF 2011 Vishal Infrastructure Ltd ... Applicant

Versus

The Board of Trustees of the Port of Mormugao

...Respondent

Mr M Pereira, Advocate for the Applicant.

Ms D Shirgam, Advocate for the Respondent.

CORAM:

G.S. PATEL,J DATED:

29th September 2017 PC:- 1.

For the reasons set out in the Civil Application it is made absolute in terms of prayer clause (b).

2.

The Respondent/Applicant is permitted to withdraw the amount of Rs.1,25,03,731/- along with all interest accrued from the date of deposit and investment. Correspondingly, the Appellant, the Board of Trustees of the Port of Mormugao, is at liberty to withdraw the balance amount of Rs.34,72,702/- similarly with all interests accrued from the date of deposit/investment.

3.

The registry will process this application on production of an authenticated copy of the order. This will be done within four weeks 29th September 2017

Vishal Infrastructure Ltd v The Board of Trustees of the Port of Mormugao 25-MCA544-17.doc from today. For each of the parties the refund of the principal amount and interest will be by RTGS transfer to that party's bank accounts, the details of which will be furnished by the parties to the registry (Accounts Section) by 13th October 2017. G. S. PATEL, J 29th September 2017