Bombay High Court

HRIM FINANCE AND SECURITIES PRIVATE LIMITEDversusGLOBE CAPITAL MARKET LIMITED

Decided: 7 September 2026
Disposal: WITHDRAWN

Holding

The petition is disposed of as withdrawn.

Summary

The petitioner, Hrim Finance and Securities Private Limited, filed an arbitration petition seeking relief. The parties subsequently reached a settlement, documented in consent terms dated 13 August 2026. The petitioner’s counsel applied to withdraw the arbitration petition on the basis of this settlement. The court examined the consent terms and found that the dispute had indeed been resolved amicably. Consequently, the court allowed the withdrawal, disposed of the petition without costs, and ordered a refund of court fees as per the rules.

Issues considered

Whether an arbitration petition may be withdrawn after the parties have reached a settlement and executed consent terms?

Subjects

Arbitration
Withdrawal of Petition
Settlement
Consent Terms
Court Fees

Judgment

                                                                             506-ARBP.DOC



                IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                  ORDINARY ORIGINAL CIVIL JURISDICTION

                  ARBITRATION PETITION NO. 1018 OF 2016

Hrim Finance and Securities Private Limited                      ...Petitioner

         Versus

Globe Capital Market Limited                                     ...Respondents
                                   _______
Ms. Sayali Kshirsagar i/b Mr. Mansukhlal Hiralal and Company, Advocates for
Petitioner.
Dr. Anurag Agrawal, Ms. Kokila Kalra, Adv. Beerta Bajwa, Ms. Alifiya Manasawala,
Mr. Prateek Agrawal, Ms. Surabhi Mittal, Mr. Praveen Kumar Yadav, Mr. Chinmay
Swarna, Ms. Shrutika Bidse, Advocates for Respondent.
                                       _______

                      CORAM:                 AARTI SATHE, J.

                      DATE:                  07th SEPTEMBER, 2026

P.C.

1.       Learned counsel appearing for the Petitioner submits that she seeks leave to

withdraw the aforesaid Arbitration petition in view of the consent terms dated 13 th

August 2026 which have been arrived at between the parties and the dispute has

been settled.

2.       Copy of the consent terms taken on record and marked ‘X’ for

identification.

3.       In view thereof, Arbitration Petition is disposed of as withdrawn. No Cost.

4.       Refund of Court Fees to be given as per rules.




                                                          (AARTI SATHE, J.)


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