IIFL Finance Withdraws Petition Against Sumukha Traders

Authority: High Court of Judicature at Bombay, Commercial Division

Order Date: 16 October 2026

Case Overview

• Petition No. 1041 of 2026 filed by IIFL Finance Limited (Petitioner) against Sumukha Traders (Respondent).
• The petition was an arbitration petition pending in the Commercial Division of the Bombay High Court.
• Counsel for the petitioner, Ms. Priya Nigwekar on behalf of Pallavi Chari, sought permission to withdraw the petition.
• The matter was heard by Justice Amit Borkar.

Final Outcome

• The Court granted permission to withdraw the petition.
• The petition was dismissed as withdrawn, terminating the proceedings between the parties.

Topics: Legal Withdrawal, Arbitration Petition