2025 Supreme(Online)(Mad) 46211

IN THE HIGH COURT OF JUDICATURE AT MADRAS
Abdul Quddhose, J
M/s.Beumer India Private Limited – Appellant
Versus
M/s.Larsen & Toubro Ltd. – Respondent
Arb Appln No.292 of 2025 | Arb Appln No.293 of 2025 | Arb Appln No.294 of 2025 | Arb Appln No.295 of 2025

Amicable settlements in arbitration proceedings can lead to the dismissal of related interim applications.

Headnote:(A) Arbitration and Conciliation Act, 1996 - Section 9(1)(ii)(e) - Applications for Interim Injunction - Parties arrived at an amicable settlement leading to the withdrawal of applications - The court acknowledged the settlement and dismissed the applications as withdrawn. (Paras 2, 3)

Facts of the case:
The applicant sought interim injunctions against invoking bank guarantees during arbitration proceedings. However, both parties eventually reached a settlement agreement dated 21.06.2025.

Findings of Court:
The applications were dismissed as withdrawn in accordance with the settlement agreement, indicating an amicable resolution between the parties.

Issues: The primary issue was whether the court should grant interim injunctions pending arbitration, which became moot upon settlement.

Ratio Decidendi: The court noted the importance of amicable settlements in arbitration and upheld the validity of the settlement agreement between the parties, leading to the withdrawal of the applications.

Result: Applications dismissed as withdrawn.