Lavesh Finance Ltd. v. Rahul Suri
Case brief
What is this about?
Withdrawal of Section 9 arbitration petition before Bombay High Court; petitioner Lavesh Finance Ltd. vs respondents Rahul Suri & Anr.; disposal as withdrawn after settlement of disputes; respondents' objection on hardship and allegedly fraudulent MOU; express preservation of respondents' rights to seek legal remedies for alleged fraud; Somasekhar Sundaresan, J.; decision dated February 6, 2025; corrected per Speaking to Minutes dated February 21, 2025.
What did the court decide?
Petition disposed of as withdrawn at the Petitioner's request, with an express reservation that the Respondents' rights to take legal action for the fraudulent conduct alleged against the Petitioner remain unaffected. ¶13