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2025 DAILYLAW 58148 (CAL)

HINDUSTAN COPPER LIMITED v. BHAGWATI OXYGEN LIMITED

AP/626/2022 · 2025-05-15

Shampa Sarkar

body2025

Judgment text

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OCD-3 AP/626/2022 IN THE HIGH COURT AT CALCUTTA ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL DIVISON HINDUSTAN COPPER LIMITED VS BHAGWATI OXYGEN LIMITED BEFORE: The Hon'ble JUSTICE SHAMPA SARKAR Date : 15th May, 2025. Appearance: Mr. Paritosh Sinha, Adv. Ms. Shrayshee Das, Adv. Mr. Rohan Kumar Thakur, Adv. Mr. Tridibesh Dasgupta, Adv. . . .for the award-holder. Mr. Mayank Shah, Adv. . . .for the respondent. The Court: AP 626 of 2022 is an application under Section 36(2) of the Arbitration and Conciliation Act, 1996 which was filed for stay of the award dated June 1, 2022. The parties have settled the matter and the award holder accepts receipt of payment in terms of the settlement arrived at between the parties. Accordingly, AP 626 of 2022 has become infructuous. The same is disposed of upon recording settlement between the parties. The bank guarantee which has been furnished by the award-debtor shall be returned by the learned Registrar, Original Side, High Court Calcutta in view of disposal of the Court proceeding. (SHAMPA SARKAR, J.) sp/