Arb Appln No. 154 of 2026 __________ Page1 of 2 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 02-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU Arb Appln No. 154 of 2026 Fujitec India Private Limited Rep.by Mr.V.Muralidhar, Director-Finance Plot No. P-52, 1st Cross Road, 8th Avenue Mahindra World City, Chengalpattu, Kancheepuram 603 004. ..Petitioner(s) Vs Nivasti Developers LLP D-4/5/6, 1st Floor, Bldg Splash, Above Bank of Baroda, Sector 17, Vashi Navi Mumbai, Maharashtra 400 703. ..Respondent(s) Judges Summons filed under Order 14 Rule 8 of Original Side Rules read with Section 9(1)(ii)(b) & (e) of the Arbitration and Conciliation Act, 1996, praying to direct Respondent to furnish security for a sum of Rs.1,07,82,232.27/- (Rupees One Crore Seven Lakhs Eighty Two Thousand Two Hundred and Thirty Two and Twenty Seven Paise Only) towards principal amount due plus interest of Rs. 22,10,046 /- (Rupees Twenty Two Lakhs Ten Thousand and Forty Six Only) calculated at the rate of 18% p.a. under the Contract failing which the schedule mentioned property including the land and building situate thereon in such form as this Hon’ble Court. For Petitioner(s): Mr.Eshwar Sabapathy For Respondent(s): Mr.Rasbin.R https://www.mhc.tn.gov.in/judis Arb Appln No. 154 of 2026 __________ Page2 of 2 K.KUMARESH BABU, J. ORDER When the matter is taken up for hearing, the learned counsel for the applicant would seek permission of this Court to withdraw this Arbitration Application. He has also made an endorsement to that effect. 2. Recording the submissions and endorsement made by the learned counsel for the applicant, this Arbitration Application stands dismissed as withdrawn. However, there shall be no order as to costs. 02-07-2026 (1/2) Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No kak Arb.Appln.No.154 of 2026 https://www.mhc.tn.gov.in/judis