Mbl Infrastructure Ltd v. National Highways Authority of India

O R D E R %

13.11.2024 I.A. 44845/2024

¶1This is an application under Section XXIII Rule 3 CPC on behalf of the Petitioner seeking disposal of the present petition in terms of the settlement agreement dated 04.11.2024.

¶2The settlement agreement has been annexed with the present application. The relevant portion of the settlement agreement dated

04.11.2024 reads as under:- "2. The Amount of Full and Final Settlement

2.1 Parties hereby acknowledge and agreed that the amount of full and final settlement for resolution of various disputes is Rs. 8,35,08,299/- (including interest up to 30.09.2024) + GST as per actual (GST shall be reimbursed on submission of proof of deposition of GST) and removal of the Non-Performer Order dated

16.07.2021. For avoidance of doubt(s), there are no past, present or outstanding liabilities, claims, disputes or counter-claims related to disputes between the NHAI and the Contractor in respect of the Contract This is a digitally signed order. Agreement dated 20.01.2012

2.2 NHAI agreed to release an amount of Rs. 8,35,08,299/- (including interest up to 30.09.2024) to the Contractor within a period of 30 days of the Effective Date + GST as per actual (GST shall be reimbursed on submission of proof of deposition of GST).

2.3 Parties acknowledge, undertake and agree that the payment of above said amount of Rs. 8,35,08,299/- into the designated account of the entitled party (Current Ale 36918472580 of M/s MBL Infrastructure Ltd. in the State Bank of India, No. 3,4 & 5, DDA Building, Nehru Place, New Delhi -110019 (IFSC Code-SBIIN0041077) and removal of the non-Performer order dated 16.07.2021 shall constitute a valid discharge under this Agreement.

2.4 Parties acknowledge that this Settlement Agreement settles all the disputes in respect of the Contract Agreement dated 20.01.2012."

¶3In view of the above, the petition under Section 34 of the Arbitration & Conciliation Act is disposed of along with pending application(s), if any.

¶4The parties are bound by the terms of the settlement agreement dated

04.11.2024.

¶5The next date already fixed in the matter, i.e., 21.01.2025, stands cancelled.

¶6The application is disposed of.

SUBRAMONIUM PRASAD, J NOVEMBER 13, 2024 hsk This is a digitally signed order.

* IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P. (COMM) 291/2023 MBL INFRASTRUCTURE LTD .....Petitioner Through: Ms. Anusuya Salwan and Ms. Nikita Salwan, Advocates versus NATIONAL HIGHWAYS AUTHORITY OF INDIA .....Respondent Through: Mr. Gopal Singh, Advocate CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD