Pranav Ansal and Son HUF vs. MS Supercity Developers Private Limited
Background
The decree holder had filed a petition seeking enforcement of an arbitral award against the judgment debtor, a real estate developer.
Decision Breakdown
Counsel for the decree holder sought leave to withdraw the enforcement petition, with liberty to file it again if the situation required. The Court granted the leave and dismissed the petition as withdrawn.
Lesson Learnt
Withdrawing an enforcement proceeding with liberty to re-file keeps a decree holder's options open: it is not the same as giving up the underlying right to recover the awarded amount.