Pme Power Solutions (India) Ltd. vs Export Import Bank Of India & Ors on 16 December, 2016

1. The present petition has been filed by the petitioner praying inter alia
for issuing directions to the respondent No.1/Exim Bank to restrain it from
disbursing any further amount to the respondent No.4, an entity situated in
Lusaka, Zambia in respect of a project that was being executed by the
petitioner in Zambia.
2. After addressing arguments at some length on the maintainability of
the present petition, learned counsel for the petitioner states that he may be
permitted to withdraw the present petition, while reserving the right of the
petitioner to seek its remedies against the respondents No.1 and 4, as may be
available to it in accordance with law.
3. Leave, as prayed for, is granted. The petition is dismissed as
withdrawn alongwith the pending applications.

Source: Indian Kanoon

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