Dismissed¶12
Lorem Ipsum Software Private Limited v. Alok Singh Mahor and Others
Delhi HCARB.P./1663/2024
Case brief
AI extract
What is this about?
ARB.P. 1663/2024; High Court of Delhi; Jasmeet Singh, J.; arbitration petition dismissed as withdrawn on settlement; Settlement Agreement dated 02.09.2025 taken on record; respondent Alok Singh Mahor received Rs. 1,77,45,500 by Demand Draft plus Rs. 5 lakhs online transfer; petitioner Lorem Ipsum Software Private Limited represented by Keshav T and Rashi Gupta; petition not pressed; parties bound by settlement terms; order dated 03.09.2025.
What did the court decide?
Since the parties had settled the matter under the Settlement Agreement dated 02.09.2025 and counsel for the petitioner did not press the petition, the parties were bound to the terms of the Settlement and the petition was dismissed as withdrawn. ¶12