U-Turn Promoters Private Limited v. Indian Institute of Hardware Technology Limited
Case brief
What is this about?
Delhi High Court arbitration petition ARB.P. 1598/2025, U-Turn Promoters Pvt Ltd v. Indian Institute of Hardware Technology Ltd, Justice Mini Pushkarna, decided 10.03.2026. Settlement recorded: respondent to pay Rs. 3 lakh (Rs. 3,00,000/-) as full and final settlement in two Rs. 1.5 lakh installments due 30th March, 2026 and 30th April, 2026; respondent bound by court statement; petitioner may revive petition on default; petition disposed of. No statutory provisions or case law discussed.
What did the court decide?
Settlement on record: respondent to pay petitioner Rs. 3 Lacs as full and final settlement in two installments of Rs. 1.5 Lacs each (on or before 30th March, 2026 and 30th April, 2026); respondent held bound by its statement; petitioner permitted to revive the petition upon default. ¶21