The National Insurance Company Limited v. Ascent Circuits Pvt Ltd

A No. 2020 of 2026

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 08-06-2026

CORAM

THE HON'BLE MR.JUSTICE K.KUMARESH BABU A No. 2020 of 2026 and Arb.O.P. (Com.Div.) No. 15 of 2023 The National Insurance Company Limited Vellore Divisional Office, 9, Infantry Road, Vellore - 632 001.

..Applicant(s) Vs Ascent Circuits Pvt. Ltd.

Having office at No.111, SIPCOT, Phase I, Hosur - 635 126.

..Respondent(s) This application filed to withdraw the sum of Rs.17,72,889/- along with interest accrued thereon upon investment, to the applicant. For Applicant(s):

Mr.Arunkumar S For Respondent(s):

Mr.N.P.Vijay Kumar

O R D E R

This application filed to withdraw the sum of Rs.17,72,889/- along with interest accrued thereon upon investment, to the applicant.

2. Heard the learned counsel appearing on both sides.

3. When the matter was taken up for hearing, the learned counsel for the respondent has placed on record a memo recording their no objection in allowing this application.

__________ https://www.mhc.tn.gov.in/judis

A No. 2020 of 2026 K.KUMARESH BABU, J.

Maya

4. Accepting the reasons stated in the accompanying affidavit filed along with this application and the no objection given by the respondent there is no impediment for ordering this application. Accordingly, application is ordered as prayed for. No order as to costs.

08-06-2026 Maya A No. 2020 of 2026 Dated : 08-06-2026 __________ https://www.mhc.tn.gov.in/judis