M/s Bhanu Associates vs. The Chairman & Ors.
Background
M/s Bhanu Associates filed an arbitration petition (ARB.P. 432/2026) against the Chairman and other respondents, with several respondents appearing through counsel including a senior advocate. The order records the petition and its interim applications but does not set out the underlying dispute.
Decision Breakdown
At the start of the hearing on 5 October 2026, the petitioner's counsel sought leave to withdraw the petition with liberty to pursue alternative remedies available under the parties' agreement. The Court granted that leave and liberty, and dismissed the petition as withdrawn. The order does not record any finding on the merits of the arbitration dispute.
Lesson Learnt
If a party withdraws an arbitration petition with the court's permission, it can still use the remedies available under the contract. A withdrawal order does not decide the underlying dispute.