M/S Salasar Realtech Pvt. Ltd. v. Xerica Widening Horizons LLP & Ors.
Case brief
What is this about?
Short disposal order of the Delhi High Court dated 22.05.2025 by Jasmeet Singh, J. in arbitration petitions ARB.P. 1795/2024 and ARB.P. 1796/2024 filed by M/s Salasar Realtech Pvt. Ltd. against Xerica Widening Horizons LLP & Ors. After settlement before the Delhi High Court Mediation and Conciliation Centre, counsel for the petitioner sought withdrawal; parties were bound to the settlement terms and both petitions were dismissed as withdrawn. No statute, precedent, dissent, or monetary quantum appears in the order.
What did the court decide?
Withdrawal of both petitions (ARB.P. 1795/2024 and ARB.P. 1796/2024) permitted; parties bound to the terms of the settlement. ¶10