1 mpt IN THE HIGH COURT OF JUDICATURE OF BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 397 of 2007 M/s.Elite Industries .. Petitioner versus Kerala Small Industries Development Corporation Ltd & Anr. .. Respondent ... Mr.M.A.Shah for the petitioner. Mr.S.C. Naidu, S.R. Ingale and S.D.Kulkarni i/b C.R.Naidu & Co. for respondent no.1. CORAM : D.G.KARNIK, J DATED : 19th June 2008 P.C.: 1. Head learned counsel for the petitioner and respondent no.1. None present for respondent no.2. 2. Learned counsel for the petitioner states that the petitioner does not wish to proceed with the petition and prays for leave to withdraw the money 2 with accrued interest which was deposited in the court in pursuance of an interim order. Respondent no.1 who is the beneficiary of the bank guarantee states that respondent no.1 has no objection for permitting the petitioner to withdraw the money. 3. In view of the submission of the parties, petitioner is permitted to withdraw the petition. Petition is disposed of as withdrawn. Petitioner is permitted to withdraw the money with accrued interest deposited in the court as respondent no.1 has no objection for permitting him to withdraw the money. (D.G. KARNIK, J)