Authority: High Court of Judicature at Bombay
Order Date: September 18, 2026
Case Overview
- Applicant: Searce Cosourcing Services Private, represented by Ms Diwyata Burbure and counsel Ms Keertana Nair (GNP Legal).
- Respondents: Velex Logistics Private Limited and another party.
- The applicant sought to withdraw its arbitration application (Arbitration Application No. 244 of 2026) on the ground that the respondent had been admitted to the Corporate Insolvency Resolution Process (CIRP).
- The matter was heard by Justice Amit Borkar.
Final Outcome
- The Court permitted the applicant to withdraw the arbitration application, disposing of it as withdrawn.
- The applicant was granted liberty to file a fresh application if a cause of action arises later.
Topics: Arbitration, Insolvency