$~2. * IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO(OS) 196/2006 POWER GRID CORPORATION OF INDIA ..... Appellant Through: Mr. P.K. Mishra, Advocate with Mr. B.K. Pandey, Advocate versus ELELCTRICAL MFG. CO.LTD. & ANR ..... Respondents Through: Mr. R.K. Arora, Vice President (Business Development) of the respondents in person. CORAM: HON'BLE MS. JUSTICE HIMA KOHLI HON'BLE MS. JUSTICE SANGITA DHINGRA SEHGAL O R D E R % 29.05.2017 CM APPL. 20808/2017 (by the appellant for release of amount) 1. The present application has been filed by the appellant praying inter alia for issuing directions to the Registry to release in its favour, a sum of Rs.72,69,096/- alongwith interest, if any, accrued thereon. 2. Counsel for the appellant states that vide order dated 02.05.2006, operation of the impugned order dated 10.02.2006 passed by the learned Single Judge, directing the appellant to pay the awarded amount to the respondents, was stayed subject to the appellant depositing the principal amount of Rs.72,69,096/- in the Registry. 3. Vide judgment dated 04.07.2008 passed by the Division Bench in the present proceedings, the appeal preferred by the appellant against the order of the learned Single Judge was allowed and the Award made by the Arbitral Tribunal was set aside. At the same time, the parties were referred to a Sole FAO(OS) 196/2006 Page 1 of 2 Arbitrator, for adjudication of their disputes under the old Arbitration Act. The said order was challenged by the respondents before the Supreme Court and vide judgment dated 20.07.2016, the judgment of the Division Bench dated 04.07.2008 was set aside and the judgment dated 10.02.2006 passed by the learned Single Judge was restored. 4. Counsel for the appellant states that the appellant has paid the amount awarded directly to the respondents in terms of a MOU dated 12.05.2017 (Annexure A-3) and therefore, the Registry may be directed to release the amounts deposited in Court alongwith interest, if any, accrued thereon. 5. Mr. R.K. Arora, Vice President (Business Development) of the respondents is present and states that he has been authorised to appear on behalf of the respondents vide Board Resolution dated 24.04.2017. A copy of the said Board Resolution has been filed alongwith the present application. He states that the respondents do not have any objection to the amount deposited by the appellant in this Court, being released in its favour. 6. Accordingly, the present application is allowed. The Registry is directed to release the amount deposited by the appellant in the present proceedings alongwith interest, if any, accrued thereon, through counsel. 7. The application is disposed of. HIMA KOHLI, J SANGITA DHINGRA SEHGAL, J MAY 29, 2017 rkb FAO(OS) 196/2006 Page 2 of 2