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IN THE HIGH COURT OF DELHI
C. Hari Shankar, J.
Indiabulls Distribution Services Limited - Appellant
Versus
B.G.A Realtors - Respondent
Arb.P. 153 of 2021, I.A.s 1280 of 2021 &1281 of 2021 and Arb.P. 154 of 2021, I.A.s 1282 of 2021 & 1283 of 2021
Decided On : 28-01-2021
| Table of Content |
|---|
| 1. settlement of disputes (Para 1) |
| 2. acknowledgment of settlement (Para 2) |
| 3. disposal of petitions (Para 3) |
(Video-Conferencing)
1. Learned counsel for the petitioner seeks leave to withdraw these petitions, stating that the disputes between the parties stand settled vide settlement agreement dated 7th November, 2020.
2. The statement is taken on record.
3. The petitions are disposed of.
The court affirmed that parties can withdraw legal petitions upon reaching a settlement, reinforcing party autonomy in dispute resolution.
The right to withdraw a petition with leave to approach the arbitral tribunal is affirmed, emphasizing procedural flexibility in arbitration matters.
The court allows withdrawal of writ petitions under Article 226 where parties settle their disputes out of court.
The court recognized that once parties resolve their disputes amicably, the associated petitions can be withdrawn, rendering further adjudication unnecessary.
The court dismissed the writ petition at the petitioner's request, affirming the authority to withdraw the case.
A petitioner can withdraw a writ petition if a settlement is reached before the Trial Court.
The court permits the withdrawal of civil petitions when the parties have settled the matter out of court, emphasizing justice and equity.
The court recognizes that disputes resolved amicably warrant the withdrawal of petitions, supporting judicial endorsement of agreed settlements.
A petition can be withdrawn without further orders if the parties have settled their matter amicably.
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