In an arbitration petition where parties reached an amicable settlement, the court granted permission to withdraw and dismissed the petition along with pending applications, terminating the arbitrators' mandate.
Permission to withdraw the petition; dismissal of the petition and pending applications; termination of arbitrator mandate.
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ASHISH MOHAN ..... Petitioner Through Mr.Ankit Jain, Adv.
versus
ANAND DIVINE DEVELOPERS PVT LTD ..... Respondent Through Mr.Kartik Nayar, Mr.Mohit Mahla and Mr.Sarthak Malhotra, Advs.
CORAM:
HON'BLE MR. JUSTICE NAVIN CHAWLA
O R D E R
% 24.09.2018
Learned counsels for the parties submit that the parties have arrived at an amicable settlement.
Learned counsel for the petitioner, in view of the settlement, seeks leave to withdraw the present petition.
Binding the parties to the terms of the settlement, the petition along with pending applications is dismissed as withdrawn.
Learned counsels for the parties further submit that the mandate of two Arbitrators shall also stand terminated. Counsels shall be at liberty to inform the Arbitrators regarding the settlement and the termination of the mandate of the Arbitrators.
NAVIN CHAWLA, J
SEPTEMBER 24, 2018/Arya
Ashish Mohan
Anand Divine Developers Pvt Ltd
Navin Chawla
As recorded by the court registry
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