Beumer India Pvt Ltd v. Larsen And Toubro Ltd

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 23.06.2025

CORAM

THE HONOURABLE Mr. JUSTICE ABDUL QUDDHOSE Arb Appln No.292 of 2025:-

bearing BG No.796BGG1902010 dated 17.06.2019 for a sum of Rs,2,33,98,990/-.

Arb Appln No.293 of 2025:-

bearing BG No.796BGG1902006 dated 17.06.2019 for a sum of Rs,14,38,22,608/-.

Arb Appln No.294 of 2025:- Conciliation Act, 1996, praying to pass an order of interim injunction restraining the respondent No.2 from transmitting any sums proposed to be encashed by respondent no.1 under Bank Guarantees bearing BG

No.796BGG1902006 dated 17.06.2019, BG No.796BGG1902009 dated 17.06.2019 and BG No.796BGG1902010 dated 17.06.2019. Arb Appln No.295 of 2025:-

bearing BG No.796BGG1902009 dated 17.06.2019 for a sum of Rs,9,44,93,855/-.

C O M M O N O R D E R Both the counsels have filed a joint memo dated 23.06.2025 on instructions stating that the parties have arrived at an amicable settlement by signing the Settlement Agreement dated 21.06.2025.

2. As per the settlement agreement dated 21.06.2025, the learned counsel for the applicant seeks permission of this Court to withdraw this application.

3. In accordance with the Settlement Agreement dated 21.06.2025, these applications are dismissed as withdrawn. No costs. 23.06.2025 Index: Yes/ No Speaking order / Non speaking order Maya

ABDUL QUDDHOSE, J.

Maya Dated : 23.06.2025