pvr 1 ap452-07 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.452 OF 2007 Nivedita Dhimant Malvi. ...Petitioner vs. Mahendra K.Patel. ...Respondent --- Ms.Rajani Iyer, Sr.Advocate i/b. M/s.Divekar & Co., for Petitioner. Dr.Milind Sathe, Sr.Advocate i/b. L.C.Tolat & Co., for Respondent. --- CORAM: D.K.DESHMUKH, J. DATED: 11th November,2011. P.C.:- By consent of parties, the petition is disposed of in the following terms:- 1. The Award made by the learned Arbitrator which is impugned in this petition is confirmed. The petition is allowed subject to the following modification:- (i) An amount of Rs.64,70,307/- which is payable pvr 2 ap452-07 by the respondent to the petitioner with interest at the rate of 12% p.a. from 1.3.2000 till the date of payment. (ii) The amount which is deposited with the Receiver as the amount of royalty by the respondent, the petitioner shall be free to withdraw it immediately with accruals if any. The balance amount shall be paid by the respondent to the petitioner as early as possible in any case on or before 31.12.2011. The petition is disposed of. (D.K.DESHMUKH, J.) ---