Arb Appln NO. 711 of 2024 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 30-01-2025 CORAM THE HONOURABLE MR JUSTICE P.B. BALAJI Arb Appln NO. 711 of 2024 M s Mercedes Benz Financial Services India Pvt Ltd 5th Floor Plot 8 Baashyam Willow Square 9 10 First Street Thiru vi ka Industrial Estate Guindy Chennai 600032 Tamil Nadu India Appellant(s) Vs M s Annapurna Constructions 12 2 103 2 Khadar Basha Street, Bhadrachalam, Badradri, Telangana 507 111.5th Floor Plot 8 Baashyam Willow Square 9 10 First Street Thiru vi ka Industrial Estate Guindy Chennai 600032 Tamil Nadu India and another Respondent(s) For Appellant(s): M/s.M.Arunachalam M.Nagalakshmi For Respondent(s): ORDER The matter is listed under the caption 'for being mentioned' today at the request of the learned counsel for the applicant. 2. The learned counsel for the applicant has brought to notice that in 5th line of paragraph 1 of the order dated 21.01.2025, it has been mistakenly typed as “counsel for the respondent" instead of “counsel for the applicant" and sought for certain other clarifications in paragraph 3 of that order, which may be rectified and necessary orders may be passed in that regard. https://www.mhc.tn.gov.in/judis 3. In view of the same, paragraphs 1 and 3 of the order dated 21.01.2025 shall be substituted as follows:- “Mr.B.Rakesh Kumar, learned counsel has filed a counter affidavit today. He has also tendered a Demand Draft for Rs.25,00,000/- and states that the respondent is willing to pay the total sum of Rs.58,00,000/- as full and final settlement of the claim of the applicant. However, the learned counsel for the applicant would invite my attention to the Section 9 petition where the claim itself is more than Rs.73,00,000/-. However, he has no objection for the respondent approaching the applicant Company and negotiating for one time settlement in the meantime. "3. Recording the said submission of the learned counsel for the applicant, the respondent is at liberty to approach the applicant/Company for negotiating for an amicable settlement. The demand draft of Rs.25,00,000/- (No.550939), State Bank of India, dated 13.01.2025, is handed over to the learned counsel for the applicant and the same is received as part settlement on account and without prejudice." 4. Registry is directed to carry out the said rectifications and issue corrected copy of the order to the concerned parties without collecting any extra charges for the same. 30-01-2025 https://www.mhc.tn.gov.in/judis KV To 1. M s Annapurna Constructions 12 2 103 2 Khadar Basha Street, Bhadrachalam, Badradri, Telangana 507 111.5th Floor Plot 8 Baashyam Willow Square 9 10 First Street Thiru vi ka Industrial Estate Guindy Chennai 600032 Tamil Nadu India 2. Yadlapalli Siva Dharma Teja 12 1 65 1 Khadar Basha Street Bhadrachalam Khammam Telangana 507111 https://www.mhc.tn.gov.in/judis