National Asset Reconstruction Company Limited vs. National Highway Authority of India & Anr.
Background
The petitioner had filed a petition seeking the appointment of an arbitrator to resolve a dispute with the National Highways Authority of India.
Decision Breakdown
At the hearing, counsel for the petitioner sought leave to withdraw the petition, with liberty to pursue whatever other legal remedy might be available. The Court granted this leave and dismissed the petition as withdrawn, without deciding any of the underlying issues.
Lesson Learnt
A party can withdraw a court petition at any stage before it is decided, preserving its right to bring the dispute again through another appropriate legal route.