IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE R.BASANT & THE HONOURABLE MR. JUSTICE K.SURENDRA MOHAN THURSDAY, THE 17TH MARCH 2011 / 26TH PHALGUNA 1932 Arb.A.No. 6 of 2010() ------------------------------- OP (ARBITRATION NO.224/2004 OF FIRST ADDITIONAL DISTRICT COURT,ERNAKULAM) APPELLANTS/PETITIONERS/RESPONDENTS: ----------------------------------------------------------------- 1. JACOB THALIAT, AGED 47 YEARS, S/O. LATE DR.GEORGE TALIAT, HOUSE NO.XX/III/2539, THOTTUNGAL HOUSE, PALLURUTHY, COCHIN-682 006. 2. SEAFRESH EXPORTS LTD., (FORMERLY OCEAN BOUNTY LTD.), POST BOX NO.9, INDUSTRIAL ESTATE, AROOR. BY ADV. SRI.ANIL XAVIER RESPONDENT(S): RESPONDENT/CLAIMANT: ------------------------------------------------------------------ THE MARINE PRODUCTS EXPORTS DEVELOPMENT AUTHORITY, MPEDA HOUSE, PANAMPILLY AVENUE, COCHIN-682 036, REPRESENTED BY ITS SECRETARY MR.SANTHANAKRISHNAN. BY ADVS. SRI.V.ABRAHAM MARKOS, SRI.MATHEWS K.UTHUPPACHAN, SRI.TERRY V.JAMES, SRI.B.J.JOHN PRAKASH. THIS ARBITRATION APPEALS HAVING COME UP FOR ADMISSION ON 17/03/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: SM R. BASANT & K. SURENDRA MOHAN, JJ. ------------------------------------------------- Arb. Appeal No.6 of 2010-B ------------------------------------------------- Dated this the 17th day of March, 2011 JUDGMENT Basant,J. This appeal has not been admitted so far. The same was filed as early as on 17/2/2010. When this appeal came up for hearing today, the learned counsel for appellants submits that the appeal can now be disposed of in identical manner as Arb. Appeal No.25/10 was disposed of by this Court vide judgment dated 18/1/2011. 2. Before us, a letter dated 15/7/2010 addressed to the first appellant from the Director of the respondent is produced. That letter informs the appellants that the respondent has examined the appellants' request in detail and the appellants' case shall be considered by a Committee constituted for one time settlement of dues under the Equity Participation Scheme. Arb. Appeal No.6 of 2010 -: 2 :- The Committee has not been constituted as such yet; but the appellants accept the assurance of the respondent that the Committee shall be constituted shortly. 3. The learned counsel for the appellants submits that the appellants are willing to abide by the decision of the Committee and the appellants do not, in these circumstances, want to seek any relief in this Arb. Appeal. 4. We accept the submission of the learned counsel for the appellants. This appeal is accordingly dismissed as not pressed in the light of the reference of the matter to the Committee as indicated in the letter dated 15/7/2010. Sd/- R. BASANT (Judge) Sd/- K. SURENDRA MOHAN (Judge) Nan/ //true copy// P.S. to Judge