Madras High Court
M/S.Apollo Soyoz Electricals Pvt. Ltd vs M/S.Equitas Small Finance Bank Ltd on 10 June, 2019
Author: T.Raja
Bench: T.Raja
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 10.06.2019
CORAM:
THE HON’BLE MR. JUSTICE T.RAJA
C.M.A.No.2774 of 2018
1.M/s.Apollo Soyoz Electricals Pvt. Ltd.,
Rep. By its Director
Mr.Girdhargopal Ramratham Jalani,
Plot EL-74/75, MIDC Mahape,
Navi Mumbai – 400 701.
2.Mr.Girdhargopal Ramratan Jalani
3.Ms.Kusum Girdhar Jalani .. Appellants
-vs-
1.M/s.Equitas Small Finance Bank Ltd.,
Formerly known as Equitas Finance Ltd.,
Rep. By its Manager-Legal,
Spencer Plaza, 4th floors, Phase II,
No.769, Mount Road,
Anna Salai, Chennai – 2.
2.M/s.Emerson Electric Company,
Rep. By its Partner/Proprietor,
Registered Office, 18th floor, Tower B,
Building No.5, Epitomedlf Cyber City, Phase-3,
Gurgaon – 122 002. India.
http://www.judis.nic.in
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3 M/S EMERSON ELECTRIC COMPANY
PARTNER/PROPRIETORCORPORATE OFFICE DELPHY B
WING 6TH FLR 151 M.V.ROAD NEAR ORCHID
AVENUE HIRANANDANI BUSINESS PARK POWAI
MUMBAI 400 076
4 M/S SIEMENS
PARTNER/PROPRIETOR BIRLA AURORA LEVEL 21
PLOT NO.1080 DR ANNIE BESANT ROAD WORLI
MUMBAI 400 030
5 M/S SIEMENS
PARTNER/PROPRIETOR CORPORATE OFFICE R AND D
AND TACHNOLGY CENTRE KALWA WORKS THANE
BELAPUR ROAD AIROLI NODE NAVI MUMBAI 400
708
6 M/S ABB GROUP
PARTNER/PROPRIETOR 21ST FLR WORLD TRADE
CENTRE BRIGADE GATEWAY NO.26/1 DR
RAJKUMAR ROAD MALLESHWARAM WEST BANGALORE
560 055
7 M/S ABB GROUP
PARTNER/PROPRIETOR CORPORATE OFFICE ABB
HOUSE DR SB PATH OLD GOA STREET BALLARD
ESTATE MUMBAI 400 001
8 M/S BHEL (BHARAT HEAVY ELECT
RICALS LIMITED) REP BY ITS MANAGING
DIRECTOR BHEL HOUSE SHRI FORT NEW DELHI
110 049
9 THE MANAGING DIRECTOR
M/S BHEL (BHARAT HEAVY ELECTRICALS LIMITED)
BHEL HOUSE SHRI FORT NEW DELHI 110 049
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10 CHIEF FINANCIAL OFFICER
M/S BHEL (BHARAT HEAVY ELECTRICALS LIMITED
BHEL HOUSE SHRI FORT NEW DELHI 110 049
11 THE FINANCIAL DEPARTMENT
M/S BHEL (BHARAT HEAVY ELECTRICALS
LIMITEDBHEL HOUSE SHRI FORT NEW DELHI 110
049
12 M/S BHEL (BHARAT HEAVY ELECT
RICALS LIMITED REP BY ITS MANAGING DIRECTOR
CORPORATE OFFICE PLOT NO.98 ELECTRONIC
CITY PHASE 1 BENGALURU KARNATAKA 560 100
13 THE MANAGING DIRECTOR
M/S BHEL (BHARAT HEAVY ELECTRICALS LIMITED
CORPORATE OFFICE PLOT NO.98 ELECTRONIC CITY
PHASE 1 BENGALURUR KARNATAKA 560 100
14 CHIEF FINANCIAL OFFICER
M/S BHEL (BHARAT HEAVY ELECTRICALS LIMITED
CORPORATE OFFICE PLOTN O.98 ELECTRONIC CITY
PHASE 1 BENGALURU KARNATAKA 560 100
15 THE FINANCIAL DEPARTMENT
M/S BHEL (BHARAT HEAVY ELECTRICALS LIMITED
CORPORATE OFFICE PLOTNO.98 ELECTORNIC CITY
PHASE 1 BENGALURU KARNATAKA 560 100
16 M/S CROMPTON GREAVES LTD
REP BY ITS MANAGING DIRECTOR PLOT NO.29 30
31 AND 32 NEW INDUSTRIAL AREA NO.1 AKVN DIS
RAISEN MANDEDEEP MADHYA PRADESH 462 046
17 THE MANAGING DIRECTOR
M/S CROMPTON GRAVES LTD PLOTN.29 30 31 AD
32 NEW INDUSTRIAL AREA NO.1 AKVN DIS RAISEN
MANDEDEEP MADHYA PRADESH 462 046
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18 CHIEF FINANCIAL OFFICER
M/S CROMPTON GREAVES LTD PLOTNO.29 30 31
AND 32 NEW INDUSTRIAL AREA NO.1 AKVN DIS
RAISEN MANDEDEEP MADHYA PRADESH 462 046
19 THE FINANCIAL DEPARTMENT
M/S CROMPTON GREAVES LTD PLOTNO.29 30 31
AND 32 NEW INDUSTRIAL AREA NO.1 AKVN DIS
RAISEN MANDEDEEP MADHYA PRADESH 462 046
20 M/S CROMPTON GREAVES LTD
REP BY ITS MANAGING DIRECTOR CORPORATE
OFFICE 6TH FLR CG HOUSE DR.ANNIE BEASANT
ROAD WORLI MUMBAI 400 018
21 THE MANAGING DIRECTOR
M/S CROMPTON GREAVES LTD CORPORATE OFFICE
6TH FLR CG HOUSE DR ANNIE BESANT ROAD
WORLI MUMBAI 400 018
22 CHIEF FINANCIAL OFFICER
M/S CROMPTON GREAVES LTD CORPORATE OFFICE
6TH FLR CG HOUSE DR ANNIE BESANT ROAD
WORLI MUMBAI 400 018
23 THE FINANCIAL DEPARTMENT
M/S CROMPTON GREAVES LTD CORPORATE OFFICE
6TH FLR CG HOUSE DR ANNIE BESANT ROAD
WORLI MUMBAI 400 018
24 M/S WIND WORLD TOWERS
REP BY ITS PARTNER/PROPRIETOR PLOT NO.A-9
CTS NO.700 VEERA INDUSTRIAL ESTATE VEERA
DESAI ROAD NEXT TO BHAGAVATI HOUSE ANDHERI
MUMBAI 400 053 .. Respondents
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PRAYER :- The Civil Miscellaneous Second Appeal is filed under Section
37(2)(b) of the Arbitration and Conciliation Act, 1996, to set aside the order dated
25.10.2018 made in I.A.No.10 of 2018 in Arbitration Case No.SAP/ESFB/BL-
019/2018.
For Petitioners : Mr.Arun Karthik Mohan
For R1 : Mr.A.Damodaran
For R3 & R4 : Mr.Anirudh Krishnan
For R8 to R15 : Mr.K.Prabhakar
For R2,5,6,7,16to19,20
21,22 to 24 : No Appearance
ORDER
This Civil Miscellaneous Appeal is directed against the interim award dated 25.10.2018, made in I.A.No.10 of 2018 in Arbitration Case No.SAP/ESFB/BL-019/2018, by the Sole Arbitrator.
2. When the matter is taken up, learned counsel for the first respondent urged this Court to dismiss this appeal, since the Sole Arbitrator has already passed final award on 08.03.2019 itself. It is further submitted that even after a lapse of 90 days from the date of the final award, the appellants have not filed an appeal questioning the correctness of the final award, therefore, the present appeal is liable to be dismissed as infructuous.
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3. In reply, learned counsel for the appellants submitted that the appellants are taking steps to file an appeal against the final award passed by the Sole Arbitrator.
4. Be that as it may, since the Sole Arbitrator has already decided the entire issue by passing the final award on 08.03.2019, nothing survives in the present appeal filed by the appellants questioning the correctness of the interim award dated 25.10.2018 passed by the Sole Arbitrator and accordingly, the present Civil Miscellaneous Appeal is dismissed as infructuous. No Costs. CMP No.2119 of 2018 is closed.
10.06.2019 Rkm http://www.judis.nic.in 7 T.RAJA.,J.
Rkm C.M.A.No.2774 of 2018 10.06.2019 http://www.judis.nic.in