Saraf had moved the Delhi High Court in October 2020 after he was removed from the L&L partnership by Luthra.
Following a suggestion made by the Court, Senior Advocate Harish Salve had agreed to mediate between Luthra and Saraf. The same, however, failed to bear fruit. An earlier attempt to settle the matter through mediation had also failed.
After the matter returned to the High Court, a single-judge stayed the termination of Saraf from the L&L partnership.
Luthra then appealed against this verdict, arguing that the single-judge’s order was riddled with inconsistencies.
In the meanwhile, proceedings regarding the dispute were pending before the arbitral tribunal, which has now been terminated.