Mahindra And Mahindra Financial Services Ltd v. Tool Craft Industries

k 1/1 30 arbap 144.25 os.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION APPLICATION NO.144 OF 2025 Mahindra and Mahindra Financial Services Ltd. ....Applicant V/S Tool Craft Industries & Ors.

....Respondents WITH ARBITRATION PETITION NO.396 OF 2025 Mahindra and Mahindra Financial Services Ltd. ....Petitioner V/S Tool Craft Industries & Ors.

....Respondents _________ Mr. Nilesh Mandavkar i/b Ms. Anjana K. Mishra for the Applicant/Petitioner.

__________ CORAM : SANDEEP V. MARNE, J.

DATE : 12 JANUARY 2026.

P.C.:

1.

The learned counsel appearing for the Applicant/Petitioner, on instructions, submits that the Respondent-Borrower has now started paying EMIs regularly. In that view of the matter, he prays for leave of the Court to withdraw both the Application and Petition with liberty to file fresh Application and Petition if there is a further default on the part of the Respondent-Borrower. Leave and liberty as prayed for is granted.

2.

Both Arbitration Application and Arbitration Petition are permitted to be withdrawn and disposed of.

Digitally signed by SUDARSHAN RAJALINGAM KATKAM Date:

2026.01.13 15:08:06 +0530 SUDARSHAN RAJALINGAM KATKAM (SANDEEP V. MARNE, J.) katkam Page No.

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