First Paragraph: The arbitration request under relevant arbitration statutes was filed seeking initiation of proceedings based on an agreement dated 14/10/2022, supported by notices and acknowledgements. Essential facts involved a request for arbitration by petitioner against respondent. The court permitted withdrawal upon counsel's submission for compliance with statutory requirements. Second Paragraph: The sole issue was the counsel's request for permission to withdraw the petition. The court's reasoning allowed liberty to file fresh request post-compliance, upholding procedural propriety. Last Paragraph: The arbitration request is dismissed as withdrawn.