Konkan Railway Corporation Ltd v. Uan Raju Ivrcl Construction (Jv)

Renuka P1-CARBP-246-2024

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO. 246 OF 2024 WITH INTERIM APPLICATION NO. 2458 OF 2020 Konkan Railway Corporation Ltd.

...Petitioner

V/s.

UAN Raju IVRCL Construction (JV)

...Respondent

________________ Mr. Paresh Patkar, Mr. Ayan Zariwalla and Ms. Bhakti Chandan i/b Mulla and Mulla for the Petitioner.

Ms. Shilpa Kapil for the Respondent.

________________ CORAM: SANDEEP V. MARNE, J.

DATED: 12 MARCH 2026.

P.C.:

1) Not on board. Upon being mentioned, taken on board. 2) Motion is made for the speaking to minutes of order dated 9 December 2025.

3) Since the Petition is dismissed, it is prayed on behalf of the Respondent that the deposited amount of Rs. 2,34,31,032/- be released in favour of the Respondent. Ms. Kapil, the learned counsel appearing for the Respondent further pointed out that the Respondent is under Page No.

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Renuka P1-CARBP-246-2024 liquidation and therefore the deposited amount be released in the following account:- Account Name : IVRCL Ltd.

Account No. : 34638640795 Bank Name : State Bank of India Branch : Old MLA Qaurters Account Description : Current Account IFS Code : SBIN0001880 MICR Code : 500002029 Address :"MIHIR" 8-2-350/5A/A/24/1-B & 2 Road No.02, Panchavathi Colony, Banjara Hills, Hyderabad-500034, Telangana, India GAYATRI RAJENDRA SHIMPI Date: 2026.03.13 14:52:02 +0530 GAYATRI RAJENDRA SHIMPI 4) The learned counsel appearing for the Petitioner submits that only the principal amount of Rs.2,34,31,032/- be released and the accrued interest be returned to the Petitioner. 5) Accordingly, the Prothonotary and Senior Master to release amount of Rs. 2,34,31,032/- to the Respondent in the Account mentioned in the paragraph 3. The amount of accrued interest shall be refunded to the Petitioner.

[SANDEEP V. MARNE, J.] Page No.

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