Sembcorp Industries (U96.SG) says Cascal N.V. (HOO) has withdrawn its request for a “temporary restraining” order from a US Court to stop the Singapore company from making a voluntary offer for the New York-listed wastewater company.

Sembcorp, in a filing to the Singapore Exchange, said that the US Court held a hearing on Cascal’s motion on May 12 and had decided to schedule an “evidentiary hearing” on May 19.

“In light of the Judge’s decision to conduct a hearing in one week, Cascal withdrew their request for a temporary restraining order,” Sembcorp said.

In April, Sembcorp announced an offer to buy all the shares of Cascal for US$206 million. The offer came after Cascal’s majority shareholder Biwater Investments Ltd. agreed to sell its 58.4% stake in the wastewater company to Sembcorp Utilities, a unit of Sembcorp Industries.

On its part, Cascal board rejected Sembcorp’s offer saying it was “unacceptable and coercive”. Cascal filed a lawsuit, claiming the Singapore-based company violated U.S. Securities laws and breached confidentiality agreements. The lawsuit sought injunctive relief and recovery of damages.

Sembcorp also said today that it, along with Biwater, have agreed that the voluntary takeover offer for Cascal wouldn’t be launched before May 21.

“The company (Sembcorp Industries) continues to be of the position that it is not in breach of any laws, regulations or contractual obligations in respect of the transaction and it remains committed to completing the transaction,” the statement said.