PNP 1 ARBAP49-10=1.10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. ARBITRATION APPLICATION NO.49 OF 2010 Kasliwal Trading Co. Pvt. Ltd. ..Applicant. Vs. Tata Teleservices Maharashtra) Ltd. and others ..Respondents. .... Mr. A.S. Murthy for the Applicant. Mr. L.S. Deshmukh i/b Mr. Pramod N. Patil for Respondents 1 and 2. .... CORAM : DR.D.Y.CHANDRACHUD, J. 1 October 2010. P.C. : The application under Section 11(6) was disposed of by an order dated 3 September 2010 by the appointment of a sole arbitrator. However, the Court recorded that counsel for the parties have stated that they would endeavour to arrive at an amicable settlement within two weeks and in the event that a settlement was arrived at, parties were directed to inform the Court. Liberty was given to the parties to apply. The Application has now been placed PNP 2 ARBAP49-10=1.10 on the Board on the joint request of the learned counsel. Consent Terms have been arrived at between the parties in terms whereof the claim of the Applicant is settled upon the terms contained therein. The Consent Terms are taken on record and marked as ‘X’. In view of the settlement which has been arrived at between the parties, the Court is informed that it is no longer necessary for the parties to proceed to arbitration. The order dated 3 September 2010 referring the parties to arbitration shall accordingly stand substituted by a direction to the effect that the Consent Terms between the parties are taken on the record. The Arbitration Application is accordingly, on the request of the learned counsel, dismissed as withdrawn. (Dr. D.Y.Chandrachud, J.)