Bienance Information Tecfinoly Private Limited v. Pinnacle Capital Solutions Pvt. Ltd.

Delhi High Court · 31 Jan 2022 · 2022:DHC:6033
Sanjeev Narula
ARB.P.1062/2021
2022:DHC:6033
arbitration appeal_dismissed

AI Summary

The Delhi High Court allowed withdrawal of Section 11 arbitration petitions with liberty to revive if settlement talks fail.

Full Text
Translation output
$-3 &4 HIGH COURT OF DELHI
ARB.P.1062/2021
BIENANCEINFORMATION TECFINOLOGY PRIVATE LIMITED Petitioner
Through; Mr. Abhishek Garg and Mr. Ayush Beotra,Advocates.
VERSUS
PINNACLE CAPITAL SOLUTIONSPVT.LTD Respondent
Through: Mr.Murari Kumar,Advocate.
.y^\RB.V.1063/2021 AJAYA SOLUTIONSPRIVATE LIMITED Petitioner
Through: Mr. Abhishek Garg and Mr. Ayush Beotra, Advocates.
VERSUS
PINNACLE CAPITAL SOLUTIONSPVT.LTD Respondent
Through: Mr.Murari Kumar,Advocate.
CORAM:
HON'BLE MR.JUSTICE SANJEEV NARULA
ORDER o/„ 31.01.2022
[VIA VIDEO CONFERENCING]
JUDGMENT

1. Mr. Ayush Beotra, counsel for the Petitioners, states that his client would like to approach the Respondentfor a settlement outofthe court. He further states that he has instructions to withdrawn the instant Section 11 petitions, with liberty to approach the Court at a later stage, if settlement Signature Not^Verified Dlgitally"Si^ed) By:AKANSl^SINGH Signing DateiO[1].02.2022 1 1:52:58 2022:DHC:6033 talks fail.

2. Accordingly, the present petitions are dismissed as withdrawn, with liberty as aforesaid,in accordance with law.