Madras High CourtOP/150/2017dismissed as settled out of court

M.R.Motor Company v. M/S Kotak Mahindra Prime Ltd.,

2018-06-18Honourable Mr Justice Abdul Quddhose3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 18.06.2018

CORAM:

THE HON'BLE MR. JUSTICE ABDUL QUDDHOSE OP No.150 of 2017 and A.No.1042 of 2017 1.M.R.Motor Company 19, Chindamani Commercial Complex, DD Road, Salem - 636 001.

2.N.Rajagopal 3.R.Mahalakshmi 4.R.Gopal 5.G.Kannan 6.N.Rajagopal

...Petitioners

vs.

1.M/s.Kotak Mahindra Prime Ltd., Rep by its Authorised Signatory, P.Balaji, 2nd Floor, Ceebros Centre, Egmore, Chennai - 600 008. ...Respondent Prayer: Original Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, to set aside the Arbitral award passed in Claim Petition No.122 of 2015 dated 12.12.2015 by the 2nd Respondent.

For Petitioners : Mr.Sarath Chandran For Respondent : Mr.A.Abdul Hameed

ORDER

The learned Counsel for the petitioners as well as the learned Counsel for the respondent submitted that the matter has been settled out of Court. The learned Counsel for the respondent has also made an endorsement that the respondent has received the entire outstanding dues from the petitioner.

2.Accordingly, the Original Petition shall stand dismissed as settled out of Court. Consequently, connected application is closed. However, there shall be no order as to costs. 18.06.2018 Speaking order/Non-speaking order Index: Yes/No Internet: Yes/No pam

ABDUL QUDDHOSE, J.

pam OP No.150 of 2017 and A.No.1042 of 2017 18.06.2018