Madras High CourtOP/787/2015dismissed

M/S.Rcm Infrastructure v. M/S.L & T Finance Limited

2018-09-11Honourable Mr Justice D. Krishnakumar2 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 11.09.2018

CORAM:

THE HONOURABLE MR.JUSTICE D.KRISHNAKUMAR OP.No.787 of 2015 1.M/s.RCM Infrastructure Limited, represented by its Managing Director, Subbaiah Choudary Koneru Hyderabad 500034.

2.Subbaiah Choudary Koneru, Hyderabad 500034 Petitioners Vs 1.M/s.L&T Finance Limited, represented by its Executive Legal, Ms.Gayathri Rajvanshi Mumbai 400001 2.Bharat B Jain, Sole Arbitrator Mumbai 400070 Respondents Prayer:- This Company Petition is filed under Section 34 of the Arbitration and Conciliation Act, 1996, to set aside the arbitration award, dated 6.8.2014, passed by the 2nd Respondent in Arbitration No.155 of 2014.

For Petitioner : Mr.R.Sivaraman For Respondent : No Appearance

ORDER

The learned counsel for the Petitioners has submitted that an One Time Settlement (OTS) had been arrived at between the Petitioner and the 1st Respondent and to that effect, an agreement had also been entered into between them and hence, nothing survives for adjudication in this OP. D.KRISHNAKUMAR, J.

Srcm

2. Recording the said submissions of the learned counsel for the Petitioners, this OP is dismissed, as nothing survives for adjudication. No costs.

11.09.2018 Index:Yes/No Web:Yes/No Speaking/Non Speaking Srcm

OP.No.787 of 2015