Thdc India Ltd. v. Jai Prakash Associates Ltd.
Case brief
What is this about?
Arbitration petition withdrawn after the parties settled their disputes under the Vivad se Vishwaas-II (Contractual Disputes) scheme, with the petitioner granted liberty to pursue legal remedies if the settlement terms are not honoured.
What did the court decide?
Petition disposed of as withdrawn with liberty to invoke legal remedies if settlement is not honoured.