Sunil Sponge Pvt. Ltd. v. National Agricultural Cooperative Marketing Federation of India Ltd.
Arbitration and Conciliation Act, 1996 – Section 34 – setting aside of arbitral award – petition disposed of as withdrawn
Case brief
What is this about?
O.M.P. (COMM) 333/2023, Delhi High Court, Jyoti Singh, J., decided 09.07.2025. Section 34 Arbitration and Conciliation Act 1996 petition by Sunil Sponge Pvt. Ltd. against National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) challenging arbitral award dated 26.09.2022 and order dated 19.10.2022 of the Sole Arbitrator; petition withdrawn on basis of settlement agreement dated 19.03.2025; disposed of as withdrawn with liberty to revive on non-compliance with settlement terms; pending applications (I.A. 15783/2023, I.A. 15784/2023, I.A. 15785/2023, I.A. 15786/2023) disposed of. Keywords: withdrawal of Section 34 petition, settlement agreement, liberty to revive, disposal of pending applications.
What did the court decide?
Permission to withdraw the Section 34 petition; petition disposed of as withdrawn in light of the Settlement Agreement dated 19.03.2025, with liberty to the Petitioner to revive the petition if the Respondent fails to comply with the settlement terms; pending applications disposed of.