University of Petroleum and Enrgy Studies v. M/S Collegedunia Web Private Limited
Case brief
What is this about?
Settlement-based disposal of commercial arbitration petition O.M.P. (COMM) 246/2025, High Court of Delhi, decided 16.02.2026 by Harish Vaidyanathan Shankar, J. Petitioner: University of Petroleum and Energy Studies (represented by Aakash Bajaj, Prerona Banerjee; AR Jatin Rawal). Respondent: M/s Collegedunia Web Private Limited (represented by Aditya Ganju, Sahil Safdar; AR Ankit Dubey). Disposed in terms of Settlement Agreement and Service Agreement both dated 16.02.2026; pending applications disposed; parties bound by undertakings. Related earlier steps: Order dated 11.07.2025 directing deposit of principal with up-to-date interest and liberty to Respondent to withdraw against security; Order dated 04.11.2025 (Joint Registrar Judicial) noting Respondent's FDR No. 50301229797076 for Rs. 3,92,58,000 drawn on HDFC Bank, proposed to be released to the Respondent post-settlement. No statutes or precedents cited; no contested issues adjudicated.