Bombay High Court
KOTAK MAHINDRA BANK LTD Through its Authorised Signatory Mr Dattatray JagtapversusPANDURANG DATTATRAY KSHIRSAGAR
- Decided
- Disposal
- Disposed off as Withdrawn
Holding
The Court held that it may grant permission to withdraw an arbitration application upon the parties' settlement.
Summary
The applicant, Kotak Mahindra Bank Ltd, filed an arbitration application before the High Court of Bombay. The parties subsequently reached an amicable settlement of their dispute. The applicant, through counsel, sought the Court's permission to withdraw the pending arbitration application. The Court considered whether it could grant such a withdrawal in light of the parties' settlement. Finding no legal impediment, the Court granted permission for withdrawal. Consequently, the application was dismissed as withdrawn.
Issues considered
- Whether the High Court may permit the withdrawal of an arbitration application when the parties have settled their dispute
Subjects
- Arbitration
- Withdrawal of application
- Settlement
- Commercial Division
- High Court of Bombay
Judgment
29-CARAP-170-2026.doc
Vivekanand
Digitally
signed by
VIVEKANAND IN THE HIGH COURT OF JUDICATURE AT BOMBAY
VIVEKANAND RAJENDRA
BONDE
RAJENDRA
BONDE Date:
2026.09.18
ORDINARY ORIGINAL CIVIL JURISDICTION
17:19:24
+0530 IN ITS COMMERCIAL DIVISION
COMM ARBITRATION APPLICATION NO. 170 OF 2026
Kotak Mahindra Bank Ltd … Applicant
V/s.
Pandurang Dattatray Kshirsagar & Anr. … Respondents
Ms. Mrunali Jadhav i/b Mr. Vikrant Sabne, for the
Applicant.
CORAM : AMIT BORKAR, J.
DATED : SEPTEMBER 18, 2026
P.C.:
1. The learned Advocate for the Applicant, on instructions,
states that the parties have amicably resolved their dispute. In
view thereof, the Applicant seeks permission to withdraw the
present Application.
2. Permission, as sought, is granted.
3. The Application, therefore, is dismissed as withdrawn.
(AMIT BORKAR, J.)
1
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