Dismissed¶19

M/S Third Wave Services Pvt. Ltd. v. M/S Selene Constructions Limited & Anr.

Delhi HC15 Jan 2026OMP (ENF.) (COMM.)/203/2024

Case brief

AI extract

What is this about?

Enforcement petition withdrawal; settlement agreement dated 12.12.2025; OMP (ENF.) (COMM.) 203/2024; EX.APPL.(OS) 64/2026; Order XXIII Rule 3; Section 151 CPC; Section 34 Arbitration and Conciliation Act 1996; OMP (COMM) 244/2024 disposed 17.12.2025; Third Wave Services Pvt. Ltd.; Selene Constructions Limited; liberty to revive enforcement petition; hearing date 27.03.2026 cancelled; Delhi High Court; Harish Vaidyanathan Shankar; 15.01.2026.

What did the court decide?

Withdrawal application EX.APPL.(OS) 64/2026 allowed; Enforcement Petition OMP (ENF.) (COMM.) 203/2024 dismissed as withdrawn in terms of the Settlement Agreement dated 12.12.2025; liberty reserved to the Decree Holder to revive the petition if the stipulated amounts are not paid; date fixed (27.03.2026) cancelled. ¶19

M/S Third Wave Services Pvt. Ltd. Vs M/S Selene Constructions… — Arbitration | Delhi HC (2026)

¶1

$~50

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- OMP (ENF.) (COMM.) 203/2024

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M/S THIRD WAVE SERVICES PVT. LTD. .....Decree Holder Through: Ms. Kanchan Semwal, Advocate.

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versus

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M/S SELENE CONSTRUCTIONS LIMITED & ANR.

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.....Judgement Debtors Through: Mr. Dhruv Mohan and Ms. Tarana Khan, Advocates.

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CORAM:

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HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR

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O R D E R % 15.01.2026

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EX.APPL.(OS) 64/2026 (Seeking withdrawal of the enforcement petition)

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The present Application, under Order XXIII Rule 3 read with Section 151 of the Civil Procedure Code, 1908, has been filed seeking withdrawal of the Enforcement Petition on the ground that the parties herein have amicably settled their disputes by virtue of a Settlement Agreement dated 12.12.2025 [“ Settlement Agreement ”].

¶13

It is further submitted that the Petition under Section 34 of the Arbitration and Conciliation Act, 1996 [ “Act ”], bearing OMP (COMM) No. 244/2024, filed by the Judgement Debtors has also been disposed in terms of the Settlement Agreement vide Order dated 17.12.2025.

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Accordingly, for the reasons stated in the Application and in view of the Settlement Agreement, the present Application is allowed

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 19/01/2026 at 12:38:53

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and disposed of accordingly.

¶18

OMP (ENF.) (COMM.) 203/2024

¶19

In view of the order passed in EX.APPL.(OS) 64/2026, the present Petition is dismissed as withdrawn in terms of the Settlement Agreement.

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In the event that the amounts stipulated in the Settlement Agreement are not paid, liberty is granted to the Decree Holder to revive the present Petition in accordance with law.

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The date already fixed, i.e., 27.03.2026, stands cancelled.

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HARISH VAIDYANATHAN SHANKAR, J. JANUARY 15, 2026/nd/va/dj

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 19/01/2026 at 12:38:53

M/S Third Wave Services Pvt. Ltd. v. M/S Selene Constructions Limited & Anr.

Case brief

What is this about?

What did the court decide?

M/S Third Wave Services Pvt. Ltd. v. M/S Selene Constructions Limited & Anr.

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

Procedural history

Parties & counsel

Coram

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