Bombay High Court
IIFL FINANCE LTDversusS M ENTERPRISES
- Decided
- Disposal
- Disposed off as Withdrawn
Holding
The court held that the petition may be withdrawn upon the petitioner's request and dismissed as withdrawn.
Summary
The petitioner, IIFL Finance Ltd, filed an arbitration petition against S M Enterprises & Anr. The parties subsequently reached an amicable settlement of their dispute. The petitioner, through counsel, applied to the High Court for permission to withdraw the petition. The court considered whether such a withdrawal could be permitted after settlement. It granted the petitioner's request, allowing the petition to be withdrawn. Consequently, the petition was dismissed as withdrawn.
Issues considered
- Whether the petitioner may be allowed to withdraw the arbitration petition after an amicable settlement
Subjects
- Arbitration
- Petition Withdrawal
- Commercial Division
- High Court
- Amicable Settlement
Judgment
3-CARBP-289-2026.doc
Vivekanand
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
Digitally
signed by
ORDINARY ORIGINAL CIVIL JURISDICTION
VIVEKANAND
VIVEKANAND RAJENDRA
RAJENDRA BONDE
IN ITS COMMERCIAL DIVISION
BONDE Date:
2026.09.23
17:10:40
+0530
COMM ARBITRATION PETITION NO. 289 OF 2026
IIFL Finance Ltd … Petitioner
V/s.
S M Enterprises & Anr. … Respondents
Mr. Jitesh Mundhwa a/w Ms. Shital Londhe, Ms.
Varsha Singh, for the Petitioner.
CORAM : AMIT BORKAR, J.
DATED : SEPTEMBER 23, 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 Therefore, the Petition is dismissed as withdrawn.
(AMIT BORKAR, J.)
1
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