Pennar Industries Ltd v. The Integral Coach Factory

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 10-06-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU A Nos. 2205, 2207 to 2211 & 2213 of 2026 in Arb.O.P.(COMM DIV).Nos.423 to 429 of 2024 Pennar Industries Ltd Rep by its Managing Director, Mr.K.Lavanya Kumar, 3rd Floor (West Wing) DHFL VC Silicon Towers, Kondapur, Hyderabad. Also at Patta No. 452/7, Periyapalayam Road, Kannigaipair Village, Thiruvallur District 601 102 ..Applicant(s) in all Applications Vs The Integral Coach Factory Rep. by its General Manager, Admin Building, Dr.Ambedkar Road, Chennai, Tamil Nadu - 600 ..Respondent(s) in all Applications PRAYER in A.No.2205 of 2026:- Application filed to permit the Applicant/Respondent to withdraw the amount of Rs.3,06,292/- (Rupees Three lakhs six thousand two hundred and ninety two only) deposited by the 425 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 425 of 2024 along with PRAYER in A.No.2207 of 2026:- Application filed to permit the Applicant/Respondent to withdraw the amount of Rs.2,78,730/- (Rupees Two lakhs Seventy Eight thousand Seven hundred and Thirty only) deposited by the Page1 of 8 423 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP (Comm. Div.) No. 423 of 2024 along with PRAYER in A.No.2208 of 2026:- Application filed to permit the Applicant/Respondent to withdraw the amount of Rs.63,519/- (Rupees Sixty Three Thousand Five Hundred and Nineteen only) deposited by the 424 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 424 of 2024 along with PRAYER in A.No.2209 of 2026:- Application filed to permit the Applicant/Respondent to withdraw the amount of Rs.1,27,739/- (Rupees One Lakhs Twenty Seven Thousand Seven Hundred and Thirty Nine only) deposited by the Respondent/Petitioner on 12.02.2025 to the Credit of Arb.O.P. (Com.Div.) No. 426 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 426 of 2024 along with applicable interest. PRAYER in A.No.2210 of 2026:- Application filed to permit the Applicant/Respondent to withdraw the amount of Rs.2,62,989/- (Rupees Two Lakhs Sixty Two Thousand Nine Hundred and Eightly Nine only) deposited by the Respondent/Petitioner on 12.02.2025 to the Credit of Arb.O.P. (Com.Div.) No. 427 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 427 of 2024 along with applicable interest. Page2 of 8 PRAYER in A.No.2211 of 2026:- Application filed to permit the Applicant/Respondent to withdraw the amount of Rs.93,868/- (Rupees Ninety Three Thousand Eight Hundred and Sixty Eight only) deposited by the 428 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 428 of 2024 along with PRAYER in A.No.2213 of 2026:- Application filed to permit the Applicant/Respondent to withdraw the amount of Rs.49,937/- (Rupees Forty Nine Thousand Nine Hundred and Thirty Seven only) deposited by the 429 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 429 of 2024 along with In all Applications:- For Applicant(s): Adithya Reddy Ashwini Vaidialingam For Respondent(s): Mr.A.R.Sakthivel SPC CGSC COMMON ORDER Application No.2205 of 2026 has been filed to permit the Applicant/Respondent to withdraw the amount of Rs.3,06,292/- (Rupees Three lakhs six thousand two hundred and ninety two only) deposited by the 425 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant Page3 of 8 to order dated 04.12.2024 in Arb. OP Comm. Div. No. 425 of 2024 along with

¶2Application No.2207 of 2026 has been filed to permit the Applicant/Respondent to withdraw the amount of Rs.2,78,730/- (Rupees Two lakhs Seventy Eight thousand Seven hundred and Thirty only) deposited by the 423 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP (Comm. Div.) No. 423 of 2024 along with

¶3Application No.2208 of 2026 has been filed to permit the Applicant/Respondent to withdraw the amount of Rs.63,519/- (Rupees Sixty Three Thousand Five Hundred and Nineteen only) deposited by the 424 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 424 of 2024 along with

¶4Application No.2209 of 2026 has been filed to permit the Applicant/Respondent to withdraw the amount of Rs.1,27,739/- (Rupees One Lakhs Twenty Seven Thousand Seven Hundred and Thirty Nine only) deposited Page4 of 8 by the Respondent/Petitioner on 12.02.2025 to the Credit of Arb.O.P. (Com.Div.) No. 426 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 426 of 2024 along with applicable interest.

¶5Application No.2210 of 2026 has been filed to permit the Applicant/Respondent to withdraw the amount of Rs.2,62,989/- (Rupees Two Lakhs Sixty Two Thousand Nine Hundred and Eightly Nine only) deposited by the Respondent/Petitioner on 12.02.2025 to the Credit of Arb.O.P. (Com.Div.) No. 427 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 427 of 2024 along with applicable interest.

¶6Application No.2211 of 2026 has been filed to permit the Applicant/Respondent to withdraw the amount of Rs.93,868/- (Rupees Ninety Three Thousand Eight Hundred and Sixty Eight only) deposited by the 428 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 428 of 2024 along with Page5 of 8

¶7Application No.2213 of 2026 has been filed to permit the Applicant/Respondent to withdraw the amount of Rs.49,937/- (Rupees Forty Nine Thousand Nine Hundred and Thirty Seven only) deposited by the 429 of 2024 in Indian Bank, Madras High Court Branch, Chennai 104, pursuant to order dated 04.12.2024 in Arb. OP Comm. Div. No. 429 of 2024 along with

¶8Mr.A.R.Sakthivel, learned counsel appearing on behalf of the respondent would submit that he has no objection in allowing these applications.

¶9Heard both sides.

¶10A conditional order had been made pursuant to which the respondent had deposited 25% of the Award amount. Thereafter, OP under Section 34 came to be dismissed on 09.04.2025. Thereafter, the respondent had also made good the amount excluding the Award amount that was deposited before this Court.

¶11In such view of the matter, this Court is of the view that there is no impediment in ordering the application and accordingly, the applications are Page6 of 8 ordered as prayed for. The Registrar General, on the memo filed by the applicant is directed to make payment of the amount together with interest if any of the amount deposited pursuant to the conditional order in the respective Original Petitions. 10-06-2026 Index: Yes/No Speaking/Non-speaking order GBA Page7 of 8

K.KUMARESH BABU, J. GBA A Nos. 2205, 2207 to 2211 & 2213 of 2026 in Arb.O.P.(COMM DIV).Nos.423 to 429 of 2024 10-06-2026 Page8 of 8