Bombay High Court
IA/5792/2026 of IndusInd Securities Limited Formerly known as Reliance Securities Limited Vs Vedprakash Mishra on 15 October 2026
HIGH COURT OF JUDICATURE AT BOMBAY ORIDINARY
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORIDINARY ORIGINAL CIVIL JURISDICTION
INTERIM APPLICATION NO.5792 OF 2026
IN
ARBITRATION PETITION NO.32 OF 2024
IndusInd Securities Limited
Formerly known as Reliance Securities Limited Applicant/Petitioner
Versus
Vedprakash Mishra
Respondent
_______
Adv. Aditi Mahajan i/by Aagam Doshi for the Applicant.
Adv. Anil Singh i/by Shubham Tripathi for the Respondent.
_______
CORAM:
AARTI SATHE, J.
DATE:
15th October 2026.
P.C.
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
1. The Interim Application has been filed for the following reliefs:
(a) Permit the Applicant to amend the cause title of Arbitration Petition No.32 of 2024 (and of Interim Application (L) No.25383 of 2022 therein) by substituting the name "IndusInd Securities Limited (formerly Reliance Securities Limited)", CIN: U65990MH2005PLC154052, in place of "Reliance Securities Limited", wherever it appears, consequent upon change of name of the Petitioner pursuant to Certificate of Incorporation dated 1 September 2025; (b) Modify/clarify the Order dated 6 February 2026 passed in Arbitration Petition No.32 of 2024, to the extent that the directions contained in paragraphs (iii) and (iv) thereof, namely, refund of the amount deposited in this Court along with accrued interest, and release of the amount withheld by NSE under the Award along with accrued interest be given effect to and made payable in the present name of the Petitioner, i.e. IndusInd Securities Limited;
(c) Direct the Prothonotary and Senior Master of this Hon'ble Court to refund the amount lying deposited in this Court in the present proceedings, together with accrued interest, to the Applicant, IndusInd Securities Limited; (d) Pending hearing and final disposal of this Application, grant ad-interim relief in terms of prayer clauses (a) to (c) above; (e) For costs of this Application; and (f) For such other and further reliefs as the nature and circumstances of the case may require.
Priyanka 13-IA-5792-2026.DOC
2. Learned counsel on behalf of the Applicant/Petitioner submits that the present Arbitration Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as ‘the Act’) challenges the Award dated 18th June 2022 passed by the Appellate Arbitral Tribunal of National Stock Exchange of India Limited (hereinafter referred to as ‘NSE’), which came to be allowed and disposed of by a Co-ordinate Bench of this Court by an Order dated 6th February 2026.
3. By the aforesaid Order, it was inter alia directed that the amount deposited in this Court be refunded to the Applicant/Petitioner along with accrued interest and that the NSE to release the amount withheld under the Award along with accrued interest to the Applicant/Petitioner.
4. Learned counsel on behalf of the Applicant/Petitioner has submitted that post passing of the Order dated 6th February 2026, there has been a change in the name of the Petitioner, inasmuchas, the earlier Petitioner Reliance Securities Limited has had a name change and it is now known as ‘IndusInd Securities Limited’. The Certificate of incorporation pursuant to change of name dated 1st September 2025 issued by Registrar of Companies, Central Processing Center, Ministry of Corporate Affairs under Rule 29 of the Companies (Incorporation)Rule, 2014 has also been annexed to the aforesaid Interim Application.
5. Learned counsel on behalf of the Applicant/Petitioner submits that on account of the aforesaid change of name, no bank account in the erstwhile name of Reliance Securities Limited subsists or can be operated, therefore, the compliance
Priyanka
13-IA-5792-2026.DOC of the Order dated 6th February 2026 cannot be made and the Applicant/Petitioner, who is now known as ‘IndusInd Securities Limited’ is unable to withdraw the amount as awarded by the aforesaid Order.
6. Learned counsel on behalf of the Respondent has no objection to the aforesaid reliefs being granted.
7. Considering the reliefs as prayed for, this Court is of the view that the aforesaid Interim Application be allowed in terms of prayer clauses (a), (b) and (c). Necessary amendment to the cause title of the Petition shall be carried out within a period of two weeks from today.
8. Post the aforesaid amendment, the Registry to refund the amount lying deposited in this Court together with accrued interest to IndusInd Securities Limited on account of the name change of the erstwhile Petitioner i.e. Reliance Securities Limited.
9. Interim Application is disposed of in the aforesaid terms. No costs.
(AARTI SATHE, J.)
Priyanka