Whalesbook
The founders of Biome Life Sciences India Pvt. Ltd., Shantanu Jain and Sania Arora Jain, have withdrawn their petition from the Delhi High Court against parent company Fabindia Ltd. The founders were seeking approximately ₹196.16 crore for their shares based on an exit clause. The withdrawal comes as a three-member arbitral tribunal has been constituted to hear the dispute regarding the enforcement of a put option and pre-agreed share valuation.