The present arbitration petition, along with an accompanying application, was filed by the Petitioner seeking the disposal of the matter in view of a formal Settlement Agreement dated 08.06.2026. Learned counsel for both parties jointly informed the Court that they had amicably resolved all their underlying disputes, including matters concerning a partnership firm, subject properties, and associated bank liabilities. In accordance with the agreed terms—which outline respective rights in Shop No. 594 and 594-A alongside execution of necessary formalities—Justice Om Prakash Shukla disposed of both the application and the main arbitration petition in terms of the settlement agreement, while cancelling the subsequent hearing date.
- Filing of Settlement Application: An application was moved by the Petitioner to dispose of the arbitration petition based on a Settlement Agreement dated 08.06.2026.
- Amicable Resolution of Scope of Disputes: Both parties confirmed that they settled all disputes relating to the partnership firm, subject properties, and connected bank liabilities.
- Property Rights and Formalities: The settlement explicitly sets out respective rights in Shop No. 594 and 594-A, with both sides undertaking to complete all requisite formalities and documentation to give full effect to the agreement.
- Disposal of Proceedings: The High Court accepted the joint prayer and disposed of both the application and the main petition in terms of the settlement, also cancelling the upcoming hearing scheduled for 19.08.2026.



