Order allowing withdrawal of appeal where parties settled regarding encashment of bank guarantees, noting no prejudice to rights in arbitration proceedings.
Discretion allowed subject to all just exceptions
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versus
ABBOTT HEALTHCARE PVT LIMITED & ANR ..... Respondents Through Mr Pranaya Goyal with Mr Shubham Kulshreshtha, Advocates for respondent No.1.
CORAM:
HON'BLE MR. JUSTICE BADAR DURREZ AHMED HON'BLE MR. JUSTICE SANJEEV SACHDEVA O R D E R % 19.02.2016
CM No.6044/2016 (exemption)
Exemption is allowed subject to all just exceptions.
FAO(OS) 52/2016
The learned counsel for the appellant as also the learned counsel for the respondents state that the parties have settled amongst themselves insofar as the dispute pertaining to the encashment of the bank guarantees is concerned. It is in these circumstances that the learned counsel for the appellant seeks withdrawal of the appeal.
The appeal is dismissed as withdrawn.
This withdrawal shall not prejudice the rights and contentions of the parties in the arbitration proceedings.
BADAR DURREZ AHMED, J
SANJEEV SACHDEVA, J
FEBRUARY 19, 2016/st
M/S FUTECH PROJECTS (INDIA) PVT LIMITED
ABBOTT HEALTHCARE PVT LIMITED
BADAR DURREZ AHMED
SANJEEV SACHDEVA
As recorded by the court registry
An appeal to a Division Bench against an order made by a single judge on the original side of the High Court.
Judgements on the same questions, provisions and authorities, from every court
