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2014 (11) TMI 1242 - HC - Indian LawsTermination of the contract - whether notice of termination of the contract in issue can operate as an order of termination? - HELD THAT:- The contract in issue is being executed through the Engineering Consultant i.e., RITES Ltd. (respondent no.2). Therefore, in view of the order that I propose to pass, both counsels say that the notice need not be issued to the other respondents including respondent no.2. In view of what is stated by the learned ASG, whereby in effect he has accepted the offer of the petitioner, no further orders are called for in the petition filed under Section 9 of the Act. Parties will abide by the contents of paragraph 5(i) to (iv), which have fructified into a consent order - Since, counsels for parties are agreed that the procedure of DRE, as encapsulated in the contract in issue, has been rendered inefficacious, the parties will proceed to arbitration straightaway. The captioned petition is disposed of.
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