1 arbp939.10.sxw ssm IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 939 OF 2010 M/s. Alfa Distilleries Pvt. Ltd. ....Petitioner. Vs. The Bharat Co-operative Bank Ltd. ....Respondent. Mr. V.P. Sawant a/w Mr. Vishal C. Ghosalkar for the Petitioner. Mr. Prakash Mulky i/by M/s. Gopal C. Poojary & Co. for the Respondent. CORAM : ANOOP V. MOHTA, J. DATE : 5th JANUARY, 2011 P.C.: The Petitioner has challenged the impugned award dated 19th January, 2010. The matter is listed today for the admission. Both the learned counsel make statement that the Petitioner moved an application for proposal to settle the dispute with the Respondent bank. After hearing both the parties, the Arbitrator has modified the award by order dated 13th October, 2010 on a condition that the Petitioner to make the payment within 15 days at one stroke and to withdraw the Petitions from the High Court as per the undertaking. 2 arbp939.10.sxw ssm The xerox copy of the modified award dated 13th October, 2010, is taken on record and marked "X" for identification. 2 The learned counsel appearing for the Respondent bank, on instructions, makes statement that they have no objection if the Petitioner makes the payment as per modified award by 28th February, 2011. Therefore, without observing anything on merits of the matter and as for the above settlement and an agreed statement, the Petition is disposed of and the time is granted to deposit the amount accordingly. However, the liberty is granted to the parties to apply in case of any modification if required. 3 The Petition is accordingly disposed of with no order as to costs. (ANOOP V. MOHTA, J.)