The case arose from the construction contract for the Hayatabad Medical Complex in Peshawar, which was awarded on December 16, 1993. According to the judgment, the company later accepted a final payment of Rs88.555 million and signed a No Demand Certificate, expressly relinquishing any further financial claims arising out of the contract. Despite the settlement, the company subsequently approached the court seeking arbitration for additional claims. Both the trial court and the PHC dismissed the request, and the Supreme Court upheld those decisions by refusing leave to appeal. The judgment emphasised that the right to seek arbitration ceases once a final settlement has been reached, and that agreements entered into voluntarily remain binding and enforceable.