Cico Technologies Limited v. Kotak Mahindra Bank Ltd And ANR

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IN THE HIGH COURT OF DELHI AT NEW DELHI

+ FAO (COMM) 215/2023 & CM APPL. 54513/2023 CICO TECHNOLOGIES LIMITED ..... Appellant Through:

Mr Utsav Trivedi and Mr Himanshu Sachdeva, Advocates.

versus KOTAK MAHINDRA BANK LTD AND ANR ..... Respondents Through:

Mr Sachin Lohia, Advocate for R-1.

Mr Anil Kumar Chunduru, Advocate for R-2.

CORAM:

HON'BLE MR. JUSTICE RAJIV SHAKDHER HON'BLE MR. JUSTICE AMIT BANSAL

O R D E R

% 26.02.2024 [Physical Hearing/Hybrid Hearing (as per request)] CM APPL. 54514/2023 1.

Allowed, subject to just exceptions.

FAO (COMM) 215/2023 2.

Counsel for the appellant says that he has instructions to withdraw the above-captioned appeal.

3.

It is stated that the appellant would like to agitate its rights in the pending suit, as per law.

4.

Mr Anil Kumar Chunduru, counsel for the respondent no.2, i.e., the FAO (COMM) 215/2023 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 02/03/2024 at 11:51:16

contesting respondent says that he has no objection to the prayers made as the trial court could now finally rule on the rights of the parties. 5.

A similar submission is made by counsel for the respondent no.1/Bank.

6.

Accordingly, the appeal is dismissed as withdrawn. 7.

The parties will be free to agitate their respective rights and contentions before the trial court, in accordance with the law. 8.

The pending application shall stand closed.

9.

The interim order dated 18.10.2023 shall stand vacated. RAJIV SHAKDHER, J AMIT BANSAL, J FEBRUARY 26, 2024 at Click here to check corrigendum, if any FAO (COMM) 215/2023 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 02/03/2024 at 11:51:16