Lic Housing Finance Ltd v. M/S.Spr Construction Private Limited

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 28.01.2025 CORAM :

THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE SENTHILKUMAR RAMAMOORTHY & C.M.P.No.26340 of 2024 LIC Housing Finance Ltd.

Rep. by its Authorised Signatory K.Uthra Having its Registered Office at Bombay Life Building 2nd Floor, 45/47, Veer Nariman Road, Fort Mumbai 400 001 Having its Southern Regional Office at Harrington Chambers, No.30/1A Block C, 2nd Floor, Abdul Razack 1 st Street Saidapet, Chennai 600 015.

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Appellant Vs.

1. M/s. SPR Construction Private Limited Rep. by its Authorised Signatory Hitesh Kumar P.Kawad Registered Office No.57 Narayana Mudali Street Sowcarpet, Chennai 600 079.

2. M/s. Binny Limited Rep. by its Managing Director Arvind Nandagopal Registered Office No.1, Cooks Road, Perambur Chennai 600 012.

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Respondents Prayer : Appeal under Section 37(2)(b) of the Arbitration and Conciliation Act, 1996 read with Order 41 Rule 1 CPC and Rule 9 of the Madras High Court (Arbitration) Rules, 2020 against the order dated 24.04.2024 passed by the Arbitral Tribunal in Application No.172 of 2023. For Appellant :

Mr.M.S.Krishnan Senior Counsel For Mr.V.Adith Narayan For Respondents :

Mr.N.Ramakrishnan For Ark Law Associates

JUDGMENT

(Judgment of the Court was delivered by the Hon'ble Chief Justice) Counsel for appellant says that the appeal has become infructuous since the matter has been settled out of Court. Counsel for appellant states that the entire loan amount has been repaid.

2. The appeal, therefore, stands disposed of. Refund, if any, of Court fee, in accordance with law. There shall be no order as to costs. Consequently, the interim application also stands disposed. (K.R.SHRIRAM, CJ) (SENTHILKUMAR RAMAMOORTHY,J.) 28.01.2025 Index :

Yes/No :

Yes/No kpl

THE HON'BLE CHIEF JUSTICE AND SENTHILKUMAR RAMAMOORTHY,J.

(kpl) 28.01.2025