Arbitration petition withdrawn after counsel informed the court that the respondent company has undergone liquidation under the Insolvency and Bankruptcy Code, 2016. The petition was disposed of as withdrawn without expressing any opinion on the merits.
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AMBIENCE COMMERCIAL DEVELOPERS PVT. LTD.
..... Petitioner Through: Mr. Akshay Chitkara and Rishabh Tomar, Advocates via videoconferencing.
versus
MSH SAREES PVT. LTD. ..... Respondent
Through:
CORAM: HON'BLE MR. JUSTICE ANUP JAIRAM BHAMBHANI
O R D E R % 18.01.2024
Mr. Akshay Chitkara, learned counsel appearing for the petitioner seeks leave to withdraw the present arbitration petition, submitting that the respondent/M/s. MSH Sarees Pvt. Ltd. has undergone liquidation in proceedings under the Insolvency and Bankruptcy Code, 2016.
The petition is accordingly disposed-of as withdrawn, without expressing any opinion on the merits of the matter.
Pending applications, if any, also stand disposed-of.
ANUP JAIRAM BHAMBHANI, J
JANUARY 18, 2024/ uj
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Ambience Commercial Developers Pvt. Ltd.
MSH Sarees Pvt. Ltd.
Anup Jairam Bhambhani
As recorded by the court registry
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