arbp1495-11.sxw 1 spb IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION (L.)NO. 1495 OF 2011 VKE Valves Industries Pvt. Ltd., ... Petitioner. V/s. 1. M/s. Pipavav Shipyard Ltd., & Anr. ... Respondents. --- Mr. Vinay Bhate for the Petitioner. Mr. Sandeep Kawale, Director of Petitioner Company is present- in-person. Mr. Ajit Dhabholkar, Company Secretary of Respondent No.1 present -in- person. --- CORAM: G.S. GODBOLE, J. (Vacation Court) DATED : 27TH DECEMBER, 2011. P.C. : 1 After passing of an ad-interim order dated 26th December, 2011, the Respondent No.1 has withdrawn its request for invocation of the Bank Guarantees on account of extension of the validity of the Bank Guarantees till 31st March, 2012. Mr. Ajit Dhabholkar, Company Secretary of the Respondent No.1 is also present in the Court and he states that the entire dispute between the Petitioner and the Respondent No.1 is settled out of court. 2 In view of this Mr. Bhate, learned Advocate for the Petitioner on arbp1495-11.sxw 2 instructions of Mr. Sandeep Kawale, Director of the Petitioner states that the Petitioner does not wish to prosecute the Petition and desires to withdraw the same. 3 Accordingly, the Arbitration Petition is disposed off as withdrawn. Copy of the letter dated 26th December, 2011 written by the Respondent No. 1 to Respondent No.2 is taken on record and marked “X” for identification. [G. S. GODBOLE, J.]