Bombay High Court

MADRAS REGIONAL PURCHASE UNITversusVISUAL EDUCATION AIDS PVT. LTD.

Decided: 11 September 2026
Disposal: CONSENT TERM

Holding

The petition is allowed in accordance with the voluntarily executed Consent Terms.

Summary

The petition involved a commercial arbitration dispute between Madras Regional Purchase Unit and Visual Education Aids Pvt Ltd, which the parties resolved amicably by executing Consent Terms. Both parties, represented by their counsel, sought leave to tender the Consent Terms, which the court granted and recorded. The court found that the settlement was voluntary, without coercion, and accepted the undertakings therein. Accordingly, the court ordered the amount of Rs.8,42,89,449 deposited by the petitioner, together with accrued interest, to be paid to the petitioner in accordance with law. The Commercial Arbitration Petition and the related interim applications were disposed of, and court fees were to be refunded.

Issues considered

Whether the Consent Terms executed by the parties can be accepted by the court and the petition allowed on that basis
Whether the deposited amount with interest should be paid to the petitioner following the settlement

Subjects

Arbitration
Consent Terms
Settlement
Commercial Arbitration
Court Order Enforcement
Deposit Payment
Court Fees

Judgment

                                                                               2-IA-5957-2025.DOC




                               IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                                  ORDINARY ORIGINAL CIVIL JURISDICTION
                                        IN ITS COMMERCIAL DIVISION
                               COMM ARBITRATION PETITION NO. 362 OF 2026


                      Madras Regional Purchase Unit                              ...Petitioner
                            Versus
                      Visual Education Aids Pvt Ltd                            …Respondent

                                                      WITH
                                 INTERIM APPLICATION NO. 5957 OF 2025
                                                       IN
                              COMM ARBITRATION PETITION NO. 362 OF 2026
                                                      WITH
                                 INTERIM APPLICATION NO. 7937 OF 2025
                                             (NOT ON BOARD)
                                                       IN
                              COMM ARBITRATION PETITION NO. 362 OF 2026

                      Ms. Smita Thakur, with Deepak Shukla, Praveen Maurya and Shweta
                            Thakur, i/b Deepak Shukla, for the Petitioner.
                      Mr. Anshul Anjarlekar, i/b Raval Shah & Co, for the Respondent.
ARUN                  Dr Satish Kumar Velaga, Scientific Officer-G, Head, RHEDS,
RAMCHANDRA
SANKPAL                     Reprocessing Group, IGCAR of the Petitioner present.
Digitally signed by
ARUN RAMCHANDRA
                      Ms. Sarita Mhatre, Deputy Director of the Petitioner present.
SANKPAL
Date: 2026.09.11
19:21:09 +0530        Mr J Ravi, Director of Respondent present.

                                                CORAM:            N. J. JAMADAR, J.
                                                DATE :            11th SEPTEMBER 2026


                      P.C.:



                      ARS                                   1/3
                                                           2-IA-5957-2025.DOC

1.    Heard Ms. Smita Thakur, the learned Counsel for the Petitioner

and Mr Anshul Anjarlekar, the learned Counsel for the Respondent.

2.    Interim Application No. 7937 of 2025 is not on board. By consent

of the parties Interim Application No. 7937 of 2025 is taken on board.

3.    The learned Counsel for the parties submit that the parties have

amicably resolved the dispute and the Consent Terms have been

executed. The learned Counsel for the parties seek leave to tender the

Consent Terms.

             Leave granted. Consent Terms are taken on record.

4.    Dr. Satish Kumar Velaga, Scientific Officer-G, Head, RHEDS,

Reprocessing Group, IGCAR, the authorised representative of the

Petitioner, and Mr. J Ravi, Director of the Respondent are present before

the Court.

5.    They submit that they have read and understood the contents of

the Consent Terms. They admit the execution of Consent Terms and

contents thereof. They are identified by their respective Advocates.

6.    It appears that the parties have worked out a comprehensive

settlement of the dispute. The Consent Terms appear to have been

executed voluntarily and there is no coercion or duress.

7.    The Consent Terms are thus taken on record and marked “X”.

8.    The Petition stands allowed in accordance with the Consent

Terms.


ARS                                   2/3
                                                         2-IA-5957-2025.DOC

9.    The undertakings in the Consent Terms are accepted as

undertakings to the Court.

10.   The amount of Rs.8,42,89,449/- deposited by the Petitioner

pursuant to the order dated 6th May 2025 passed by this Court,

alongwith interest accrued thereon, be paid to the Petitioner on proper

identification and in accordance with law.

11.   The Commercial Arbitration Petition stands disposed.

12.   Refund of Court fees in accordance with Rules.

13.   In view of the disposal of the Commercial Arbitration Petition, the

Interim Applications stand disposed.



                                             [N. J. JAMADAR, J.]




ARS                                    3/3

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