Authority: High Court of Judicature at Bombay
Order Date: October 1, 2026
Case Overview
- Petitioner: Mahindra and Mahindra Financial Services Limited
- Respondent: Radhika Enterprises
- Petition: Arbitration Petition No. 48 of 2025 with Arbitration Application No. (L) No. 25071 of 2026 (NOB)
- Counsel for Petitioner: Mr. Zerick Dastur a/w Mr. Khushk Shah & Mr. Jennifer S. i/b Khushil Shah
- Counsel for Respondent: Mr. Arjun
- The Respondent filed an undertaking outlining a schedule of repayment; the Court accepted this undertaking.
- The Petitioner, on behalf of Mahindra & Mahindra Financial Services Ltd, agreed that no penal charges would be imposed on the Respondent in view of the undertaking.
- The Court noted that, given the acceptance of the repayment undertaking, there remained no matter for adjudication.
Final Outcome
- The arbitration petition is disposed of as infructuous.
- No penal charges shall be levied on Radhika Enterprises.
- The matter is closed with no further proceedings required.
Topics: Arbitration, Repayment Undertaking, Court Order