IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH F.A.O.No.4058 of 2008 Date of Decision : 11.09.2009 Siri Kant ...Appellant Versus M/s Mahindra & Mahindra Financial ...Respondents Services Ltd. and another CORAM:HON'BLE MR. JUSTICE HEMANT GUPTA Present: Mr. Gorakh Nath, Advocate, for the appellant. Mr. D.K.Singal, Advocate, with Mr. Anurag Sharma, for the respondents. HEMANT GUPTA, J. (ORAL) Learned counsel for the respondents states that on payment of Rs.10,000/- only within six months from today, the account of the appellant shall be deemed to be settled and all documents of hypothecation shall be released to the appellant and that the respondents shall withdraw its petition under Section 9 of the Arbitration and Conciliation Act, 1996. Learned counsel for the appellant accepts the said proposal in the statement. In view of the said consent, the order passed by the learned trial Court appointing Receiver is set aside. The petition filed by the respondents under Section 9 of the Arbitration and Conciliation Act, 1996, is dismissed as withdrawn. The appeal stands disposed of accordingly. 11.09.2009 (HEMANT GUPTA) Vimal JUDGE