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Religare Housing Development Finance Corporation vs. La Residentia Developers Private Limited & Ors. and connected matters

Original Miscellaneous Petition (Interim, Commercial) · 2026:DHC:8819Decided 6 Oct 2026New Delhi Bench
O.M.P.(I) (COMM.) 108/2026, O.M.P.(I) (COMM.) 109/2026CNR: DLHC010105402026
Justice Om Prakash Shukla

Background

Religare Housing Development Finance Corporation had sought interim relief under the Arbitration Act against a real-estate developer and others. Before the matter could be argued, counsel for both sides informed the Court that a conciliation agreement had been reached.

Decision Breakdown

Since the parties jointly confirmed a settlement was on record and asked for disposal on those terms, the Court dismissed the petition as withdrawn, directed that both sides abide by the settlement (specifically Clause 9 of the conciliation agreement), and ordered that the interim relief already in place would continue as provided in that clause.

Lesson Learnt

Parties can end a court-pending arbitration-related dispute at any stage by reaching a conciliation agreement, and the Court will simply record and give effect to that settlement rather than deciding the dispute on merits.

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