Gail (India) Ltd vs Jindal Saw Limited on 19 December, 2024

Supreme Court – Daily Orders

Gail (India) Ltd vs Jindal Saw Limited on 19 December, 2024

Author: Pamidighantam Sri Narasimha

Bench: Pamidighantam Sri Narasimha

     ITEM NO.19                                COURT NO.13                       SECTION XIV

                                     S U P R E M E C O U R T O F           I N D I A
                                             RECORD OF PROCEEDINGS

     Petition(s) for Special Leave to Appeal (C)                          No(s).    13573/2019

     [Arising out of impugned final judgment and order dated 07-05-2019
     in FAOOS No. 94/2019 passed by the High Court of Delhi at New
     Delhi]

     GAIL (INDIA) LTD.                                                           Petitioner(s)
                                                       VERSUS

     JINDAL SAW LIMITED                                                          Respondent(s)

     (IA No. 87531/2019 - PERMISSION TO FILE ADDITIONAL DOCUMENTS/FACTS/
     ANNEXURES)

     Date : 19-12-2024 These matters were called on for hearing today.

     CORAM :
                             HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA
                             HON'BLE MR. JUSTICE MANOJ MISRA

     For Petitioner(s)                  Mr. Tushar Mehta, Solicitor General
                                        Mr. Ajit Pudussery, AOR
                                        Mr. Ashutosh Bamezai, Adv.

     For Respondent(s)                  Mr. Arun Kumar Varma, Sr. Adv.
                                        Mr. Abhay Raj Varma, Adv.
                                        Mr. Arjun Rekhi, Adv.
                                        Mr. Anshay Dhatwalia, Adv.
                                        Mr. Dhruv Pall, AOR

                              UPON hearing the counsel the Court made the following
                                                 O R D E R

1. While we are not inclined to interfere with the order passed
by the High Court in exercise of jurisdiction under Section 37,
affirming the order under Section 34 of the Arbitration and
Conciliation Act, 1996, the interest directed to be paid @ 14% is
modified to 10%. The balance amount, if any, shall be paid with
accrued interest within a period of three months from today.

2. With this modification, the Special Leave Petition is disposed
Signature Not Verified

of.

Digitally signed by
INDU MARWAH
Date: 2024.12.20

3.
17:00:18 IST
Reason: Pending application(s), if any, shall stand disposed of.

     (INDU MARWAH)                                                           (NIDHI WASON)
      AR-cum-PS                                                           COURT MASTER (NSH)