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If you filed the case, you can ask that it be dismissed. Depending on the circumstances, the judge may dismiss it with prejudice, meaning you can't file it again. Or without prejudice, meaning you can refile it when you are ready.
If a decision or action is made without prejudice to a right or claim, it is made without having an effect on that right or claim: My client accepts the formal apology without prejudice to any further legal action she may decide to take.
Dismissed-no cost means the petition has been dismissed to the favour of the respondent, but the petitioner need not pay any litigation expenses to the respondent.
For example, an employer might admit in a without prejudice communication that it had failed to carry out certain procedures which might otherwise render a dismissal unfair, but the employee would normally not be able to show that admission to an Employment Tribunal to try and prove their claim.
In general, a party's admission to something can be used against them in court. The without prejudice (WP) rule means that statements which are made in a genuine attempt to settle a dispute cannot be used in court as evidence of admissions against the party that made them.