Bombay High Court
IIFL Finance LimitedversusPANDEY BROTHERS TRADERS
- Decided
- Disposal
- DISPOSED OFF
Holding
The court permitted the withdrawal of the arbitration petition and dismissed it as withdrawn.
Summary
The petitioner IIFL Finance Limited and the respondent Pandey Brothers Traders resolved their dispute amicably. The petitioner, through counsel, applied to the High Court for permission to withdraw the arbitration petition. The court considered the request and, finding no objection, granted permission to withdraw. Consequently, the petition was dismissed as withdrawn. The related interim application was also disposed of as it no longer survived the withdrawal.
Issues considered
- Whether the petitioner may withdraw the arbitration petition after an amicable settlement of the dispute
Subjects
- Arbitration
- Petition withdrawal
- Amicable settlement
- Civil Procedure
Judgment
60-arbp-93-2026.doc
Vivekanand
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
Digitally signed
by
ORDINARY ORIGINAL CIVIL JURISDICTION
VIVEKANAND
VIVEKANAND RAJENDRA
RAJENDRA BONDE
BONDE Date:
2026.09.30
18:27:07 +0530 ARBITRATION PETITION NO. 93 OF 2026
WITH
INTERIM APPLICATION (L) NO. 25323 OF 2026
IN
ARBITRATION PETITION NO. 93 OF 2026
IIFL Finance Limited … Petitioner
V/s.
Pandey Brothers Traders … Respondent
Ms. Priya Nigwekar i/b Pallavi Chari, for the Petitioner.
CORAM : AMIT BORKAR, J.
DATED : SEPTEMBER 30, 2026
P.C.:
1. The learned Advocate for the Petitioner, on instructions,
stated that the parties have amicably resolved their dispute. In
view thereof, the Petitioner seeks permission to withdraw the
Petition.
2. Permission, as sought, is granted.
3. Therefore, the Petition is dismissed as withdrawn.
4. In view of the disposal of the Petition, the Interim
Application does not survive and is disposed of accordingly.
(AMIT BORKAR, J.)
1
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