Dispute Resolution Through Consent
The parent company of LitiCap also has a real estate company, which invested ~USD 3m in a transaction with a landowner (“LO”), who breached the contract. The Real Estate company moved the Mumbai High Court and brought an injunction within one week even during the COVID-19 lockdown, and later initiated an arbitration for the financial claim. The process started in early June 2020 and the arbitration has commenced with the first hearing scheduled for August 26. The opponent has come forward to settle the matter through consent, even before commencement of arbitration.
Our team designed the complete litigation and recovery strategy:
The first hearing is scheduled for August 26 and settlement is expected through consent terms within next 60 days. This case is on track to be the fastest resolution of a dispute so far by LitiCap.