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Calcutta High Court

Magma Fincorp Limited vs Virgo Softech Ltd. & Ors on 7 May, 2014

Author: Sanjib Banerjee

Bench: Sanjib Banerjee

                                AP No.343 of 2014
                       IN THE HIGH COURT AT CALCUTTA
                        Ordinary Original Civil Jurisdiction
                                 ORIGINAL SIDE


                          MAGMA FINCORP LIMITED
                                  Versus
                         VIRGO SOFTECH LTD. & ORS.

  BEFORE:
  The Hon'ble JUSTICE SANJIB BANERJEE
  Date : 7th May, 2014.

                                                                      Appearance:
                                                            Mr. K. K. Pandey, Adv.



             The Court : The petitioner says that since a substantial payment

has been made by the respondents, the petitioner does not wish to pursue this

petition under Section 9 of the Arbitration and Conciliation Act, 1996.

AP No.343 of 2014 is dismissed as not pressed. Interim orders, if any, stand vacated. The receiver, if any, stands discharged without being required to file any accounts.

There will be no order as to costs.

(SANJIB BANERJEE, J.) bp.