1 arbp1100.10.doc ast IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 1100 OF 2010 Rakesh Arora. .. Petitioner versus M/s. Reliance Capital Ltd. .. Respondents. Mr. R.O.Paranjape, advocate for petitioner. Mr. Omar Khaiyam Shaikh, Mr. Vikas S. Salvi, Mr. Bhupesh Singh i/b. Vikas Salvi & Associates for Respondents. CORAM: S.C.DHARMADHIKARI, J. DATED: 14TH FEBRUARY, 2011 P.C. 1 When the matter was placed for dismissal today, the Petitioner’s advocate placed copy of a letter dated 24th January, 2011 addressed by the Respondent on record. He submits that the amount mentioned therein has been paid in part and two installments falling due on 25th February, 2011 and 25th March, 2011 would be paid. In fact, post dated cheques have been handed over. It is agreed between the parties that on due encashment of these cheques by the Respondent, the award would be marked satisfied. Further, in default, entire awarded sum 2 arbp1100.10.doc together with interest will become due and payable and the Petitioner will pay the same accordingly. The Respondent will give credit or adjustment for the amount already paid. In such circumstances, the challenge to the Award is given up in terms of the agreement arrived at between the parties. 2. Petition is disposed of accordingly. (S.C.DHARMADHIKARI, J.)