Orbit Highcity Pvt. Ltd. v. Il And Fs Trust Company Ltd. And 3 ORS.

1/2 906.CARBP-128-2016

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL DIVISION COMMERCIAL ARBITRATION PETITION NO.128 OF 2016 Orbit Highcity Pvt. Ltd.

....Petitioners V/s.

IL and FS Trust Company Ltd. & Ors.

....Respondents ---- Mr. Janak Dwarkadas, senior advocate a/w. Mr. Sharan Jagtiani, Mr. Anoshak Daver and Ms. Rita Yadav i/b. Reeti Law Associates for the petitioners.

Mr. Gaurav Joshi, senior advocate a/w. Mr. Jatin Pore and Mr. Purvi Joshi i/b. DSK Legal for the respondent nos.1 to 3. ---- CORAM : K.R.SHRIRAM,J DATE : 26th October, 2016 P.C.:- Both the counsel were heard for sometime at the end of which Mr. Joshi, senior counsel for the respondent nos.1 to 3 made a statement that if the petitioners are withdrawing this arbitration petition, the directors appointed by the respondents will not do anything that would amount to subverting the arbitration proceedings.

In view of this statement made by Mr. Joshi, Mr. Dwarkadas, senior counsel for the petitioners, on instructions Gauri Gaekwad

2/2 906.CARBP-128-2016 seeks leave to withdraw the petition.

The statement made by Mr. Joshi is accepted. The petition is dismissed as withdrawn.

(K.R.SHRIRAM,J) Gauri Gaekwad