Pant Nagar Ashwamegh Co-Operative Housing Soc Ltd v. Kavya Construction Company(Formerly Known As Akruti Constructions Company)

44-CARBP-224-2024.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMMERCIAL ARBITRATION PETITION NO. 224 OF 2024 Pant Nagar Ashwamegh Co-operative Housing Society Ltd.

...Petitioner

Versus

Kavya Construction Co. (Formerly known as Akruti Constructions Co.)

...Respondent

Mr. Ranjeev Carvalho, a/w Rishab Murali, Sakshi Agarwal, i/b Bipin Joshi, for the Petitioner.

Mr. Chetan Kapadia, Senior Counsel, a/w Riya Thakkar, i/b Tushar Goradia, for Respondent.

CORAM

: SOMASEKHAR SUNDARESAN, J.

DATE : FEBRUARY 25, 2025 PC :

1.

Learned Counsel for the Petitioner has instructions to state that the promises being held out by the Respondent no longer inspire confidence given the track record and history of the matter. 2.

Learned Counsel for the Respondent has instructions to propose that the Respondent shall tender to the Court, an executed Deed of Indemnity in favour of the Society as a term on which the proposal being made by him is being commended to acceptance. Let such indemnity be executed and filed no later than March 3, 2025. Digitally signed by ASHWINI JANARDAN VALLAKATI Date:

2025.02.27 17:29:48 +0530 ASHWINI JANARDAN VALLAKATI February 25, 2025

44-CARBP-224-2024.doc 3.

List on March 6, 2025 under the caption "For Reporting Compliance".

4.

All actions required to be taken pursuant to this order shall be taken upon receipt of a downloaded copy as available on this Court's website.

[ SOMASEKHAR SUNDARESAN, J.] February 25, 2025 Ashwini Vallakati