Decathlon Sports India Pvt. Ltd. v. Hamir Real Estate Pvt. Ltd.

$~25 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ O.M.P.(I) (COMM.) 235/2017 DECATHLON SPORTS INDIA PVT. LTD.

..... Petitioner Through Mr.Rohit Sharma, Advocate versus HAMIR REAL ESTATE PVT. LTD.

..... Respondent Through Mr.Rajat Navet & Mr.Sumit Kumar, Advocates

CORAM:

HON'BLE MR. JUSTICE JAYANT NATH

O R D E R

% 25.08.2017 I.A.No.7144/2017(exemption) Allowed subject to all just exceptions.

O.M.P.(I) (COMM.) 235/2017 The learned counsel for the parties agree that the present petition filed by the petitioner seeking an order directing the respondent to secure the amount of Rs.3,30,62,563/- by furnishing a bank guarantee or other appropriate security may be dismissed as withdrawn with liberty to the petitioner to file the present petition before the learned arbitrator in terms of Section 17 of the Arbitration and Conciliation Act, 1996. Granting leave and liberty as prayed, the present petition is dismissed as withdrawn.

JAYANT NATH, J.

AUGUST 25, 2017/v