Bombay High Court
ICICI Home Finance Company LimitedversusShrikant Kamalakant Raje
- Decided
- Disposal
- WITHDRAWN
Holding
An arbitration application can be dismissed as withdrawn when the applicant seeks its withdrawal and there is no opposition.
Summary
ICICI Home Finance Company Limited filed Arbitration Application No. 246 of 2026 against Shrikant Kamalakant Raje and others, seeking relief in respect of a loan account. The loan account had subsequently been regularized by the respondents. The applicant’s counsel moved before the High Court that, in view of the regularisation, the application should be withdrawn. No counsel appeared for the respondents to oppose the withdrawal. The Court accepted the applicant’s request and dismissed the arbitration application as withdrawn.
Issues considered
- Whether an arbitration application may be withdrawn by the applicant after the subject matter has been regularised and without opposition from the respondents
Subjects
- Arbitration
- Withdrawal of application
- Civil Procedure
- Loan regularisation
Judgment
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
ARBITRATION APPLICATION NO.246 OF 2026
ICICI Home Finance Company Limited .. Applicant
Vs.
Shrikant Kamalakant Raje & Ors. .. Respondents
Mr. Ajay Deshmane, Advocate, i/by V. Deshpande & Co., for the Applicant.
None for the Respondents.
CORAM : GAUTAM A. ANKHAD, J.
DATE : 3rd September, 2026.
P.C. :
1. The learned counsel for the Applicant submits that the loan account has
been regularized by the Respondents and on instructions he seeks leave to
withdraw this Application.
2. Application no. 246 of 2026 is dismissed as withdrawn.
[ GAUTAM A. ANKHAD, J. ]
Digitally
signed by
SNEHA SNEHA 1/1
ABHAY
ABHAY DIXIT
Date:
8-ARBAP-246-2026.doc Dixit
DIXIT 2026.09.03
18:44:37
+0530
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