1 arbp48.11.doc ast IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.48 OF 2011 WITH ARBITRATION PETITION NO.50 OF 2011 Reliance Capital Ltd. .. Petitioner versus Chandan R. Sumaya & Anr. .. Respondents. Mr. Rahul Mehta i/b. KMC Legal Venture for petitioner. Mr. S.B.Rao i/b. Ms. G.S.Rao, advocate for respondents. CORAM: S.C.DHARMADHIKARI, J. DATED: MARCH 1, 2011 P.C. 1 These Petitions under section 9 of the Arbitration and Conciliation Act, 1996 are placed for admission and at the stage of admission both the sides agreed that Petition be disposed of in furtherance of the Consent Terms. The Consent Terms are signed by the Petitioner and their advocate. Petitioner’s Branch Collection Manager has signed the Consent Terms. He has been empowered to do so by the Board Resolution, copy of which is annexed at Annexure G to the Petition. Respondent No.1 who is principal 2 arbp48.11.doc borrower has signed the Consent Terms. Respondent Nos. 2 to 5 are deleted for the present. 2 It is agreed that if the Consent Terms are not abided by, then, the Petitioner will be at liberty to seek such interim measures as are permissible in law. The Consent Terms are taken on record and marked “X” for identification. There will be an order in terms of the Consent Terms. Petition disposed of accordingly. This order is passed in the presence of Respondent No.1, who has fully understood the terms with their legal consequences. (S.C.DHARMADHIKARI, J.)