1

NAFR

HIGH COURT OF CHHATTISGARH, BILASPUR

ARBA No.50 of 2012

Ayodhya Builders and Contractors Private Limited (A company

incorporated under the provisions of the Company Act 1956 and

having its Registered Office at G.S. House Korba – 495677), Tahsil

and Distt. Korba (CG)

---- Appellant

Versus

Bharat Aluminium Company Ltd (A Company incorporated under

the provisions of the Company Act 1956 and having its Registered

office at Core-6 Scope Office, Complex, 7 Lodhi Road New Delhi and

also carrying on business from P.O. Balco Nagar (Korba) Tahsil and

District Korba (CG)

---- Respondent

ARBA No.51 of 2012

Bharat Aluminum Company Ltd., a company incorporated under the

provisions of the Companies Act, 1956 and having its Registered

Office at Aluminium Sadan, Scope Office Complex, 7, Lodhi Road,

New Delhi-110 003 and also carrying on business from P.O. Balco

Nagar, Korba-495 684, Chhattisgarh

---- Appellant

Versus

Ayodhya Builders & Contractors Pvt. Ltd., a Company incorporated

under the provisions of the Company Act, 1956 and having its

registered office at G.S. House, Korba-495677

---- Respondent

ARBA No.52 of 2012

Bharat Aluminium Company Ltd., a company incorporated under

the provisions of the Companies Act, 1956 and having its

Registered Office at Aluminium Sadan, Scope Office Complex, 7,

Lodhi Road, New Delhi-110 003 and also carrying on business from

P.O. Balco Nagar, Korba-495 684, Chhattisgarh

---- Appellant

Versus

Ayodhya Builders & Contractors Pvt. Ltd., a Company incorporated

under the provisions of the Company Act, 1956 and having its

registered office at G.S. House, Korba-495677

---- Respondent

And

ARBA No.60 of 2012

Ayodhya Builders and Contractors Private Limited (A company

incorporated under the provisions of the Company Act 1956 and

having its Registered Office at G.S. House Korba – 495677), Tahsil

and Distt. Korba (CG)

---- Appellant

2

Versus

Bharat Aluminium Company Ltd (A company incorporated under

the provisions of the Company Act 1956 and having its Registered

office at Core-6 Scope Office, Complex, 7 Lodhi Road New Delhi and

also carrying on business from P.O. Balco Nagar (Korba) Tahsil and

District Korba (CG)

---- Respondent

For Ayodhya Builders &

:

Mr.Rahul Jha and Mr.Anand Kumar

Contractors Gupta, Advocate with Mr.Sanjay

Agrawal, Director, Ayodhya Builders

For Bharat Aluminium

:

Mr.Abhishek Sinha and

Company Limited

Mr.Ghanshyam Patel, Advocate with

Mr.Gaurav Saini, Manager (Legal),

Bharat Aluminium Co.Ltd.

Hon’ble Shri Justice Sanjay K. Agrawal

Order on Board

24/10/2017

1. Learned counsel appearing for the parties would jointly submit

that dispute has been settled between the parties amicably

and principal amount payable to Ayodhya Builders and

Contractors by Bharat Aluminium Company Limited is ₹

18,15,510/- and interest is payable at the rate of 12% per

annum on principal amount which amounts to ₹ 26,32,489/-

and thus, total amount is payable by Bharat Aluminium

Company Limited to Ayodhya Builders and Contractors is ₹

44,47,999/-. They would further submit that aforesaid agreed

amount will be paid by Bharat Aluminium Company Limited

to Ayodhya Builders and Contractors through account payee

cheque within 10 days from today.

2. The aforesaid statement is placed on record and the said

3

amount will be released by Bharat Aluminium Company

Limited in favour of Ayodhya Builders and Contractors within

10 days from today.

3. In view of aforesaid submissions of the parties, all the

arbitrations appeals are accordingly disposed of.

Certified copy today.

Sd/-