M/S. BID & HAMMER v. M/S. HCL CORPORATION PVT. LTD.,
MFA/5486/2016 · 2025-10-16
Anu Sivaraman, Vijaykumar A Patil
body2025
DailyLaw.ai
[ 2025 DAILYLAW 48407 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 48407 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2025:KHC:42782-DB MFA No. 5486 of 2016
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 16TH DAY OF OCTOBER, 2025 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL MISCELLANEOUS FIRST APPEAL NO. 5486 OF 2016 (AA)
BETWEEN:
M/S. BID & HAMMER AUCTIONEERS (P) LTD., A COMPANY REGISTERED AND INCORPORATED UNDER THE COMPANIES ACT, 1956, HAVING ITS REGISTERED OFFICE AT NO.226, 39TH C CROSS, 8TH MAIN ROAD, 5TH BLOCK, JAYANAGAR, BANGALORE-560 041, (REPRESENTED BY ITS DIRECTOR MR. ANKUSH DADHA) …APPELLANT (BY SRI. UDAYA HOLLA, SR. ADVOCATE FOR SRI. SANJAY H. SETHIYA, ADVOCATE)
AND:
1. M/S. HCL CORPORATION PVT. LTD., A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956, HAVING ITS REGISTERED OFFICE AT NO.44, FRIENDS COLONY (EAST), NEW DELHI-110 065, REPRESENTED BY ITS AUTHORIZED REPRESENTATIVE MR. JAGAT SINGH
AMENDED V. ORDER DATED:13.08.2024
Digitally signed by CHANNEGOWDA PREMA Location: High Court of Karnataka
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HC-KAR NC: 2025:KHC:42782-DB MFA No. 5486 of 2016
2. MRS. KIRAN NADAR, DIRECTOR, M/S. SKN INVESTMENTS (CHENNAI) PVT LTD., NO.44, FRIENDS COLONY (EAST), NEW DELHI-110 065. 3. HON'BLE MR. JUSTICE R. GURURAJAN (RETD.) LEARNED SOLE ARBITRATOR, R/O SRI HARI KRUPA, NO.504, 5TH FLOOR, SRI CHITRAPURA HOUSING CO-OPERATIVE SOCIETY LTD., 15TH CROSS, MALLESHWARAM, BANGALORE-560 003. …RESPONDENTS
(BY SRI. YASHIR ALI, ADVOCATE FOR R1 & R2, R3-SERVICE OF NOTICE IS DISPENSED WITH V.C.O. DTD: 24.11.2016)
THIS MFA IS FILED U/S 37(1)(b) OF THE ARBITRATION AND CONCILIATION ACT, AGAINST THE JUDGMENT DATED 14.06.2016 PASSED IN A.S. No.34/2015 ON THE FILE OF THE XXXIX ADDITIONAL CITY CIVIL & SESSIONS JUDGE, BENGALURU, ALLOWING THE ARBITRATION SUIT FILED U/S 34 & 28 OF THE ARBITRATION AND CONCILIATION ACT. THIS APPEAL COMING ON FOR 'BEING SPOKEN TO' THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:
CORAM: HON'BLE MRS. JUSTICE ANU SIVARAMAN and HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL
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HC-KAR NC: 2025:KHC:42782-DB MFA No. 5486 of 2016
ORAL JUDGMENT (PER: HON'BLE MRS. JUSTICE ANU SIVARAMAN)
The appeal had been disposed of by the judgment dated 08.10.2025 on the settlement reported by the parties. The settlement as reported had also been recorded and the parties had signed the order sheet. However, on the submission of the learned counsel, the matter is listed for 'being spoken to'. 2. It is submitted that there are certain corrections required in para No.4 of the memorandum of settlement.
Therefore, learned counsel appearing on either side agreed that the said corrections can be carried out and the matter can be recorded as settled on the basis of the corrected memorandum of settlement. 3. In the above view of the matter, the order dated 08.10.2025 is recalled. The memo which is corrected today by the learned counsel appearing on either side is taken on record. We record the said memo
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HC-KAR NC: 2025:KHC:42782-DB MFA No. 5486 of 2016
and the matter is disposed of in terms of the settlement arrived at between the parties. Sd/- (ANU SIVARAMAN) JUDGE
Sd/- (VIJAYKUMAR A. PATIL) JUDGE
PN List No.: 1 Sl No.: 4