Delhi High Court
O.M.P.(I) (COMM.)/465/2026 of AXIS FINANCE LIMITED Vs PT TEJRAM CHERITABLE TRUST & ORS. on 3 November 2026
$~59
*
IN THE HIGH COURT OF DELHI AT NEW DELHI
CNR No. DLHC010480292026
+
O.M.P.(I) (COMM.) 465/2026
AXIS FINANCE LIMITED
.....Petitioner
Through:
Mr. Vivek Sinha, Advocate.
versus
PT TEJRAM CHERITABLE TRUST & ORS. .....Respondents Through:
Mr. Ravi Kant, Mr. Mayank
Manish
and
Mr.
Vineet
Upadhyay, Advocates. (M.No.
– 9717108851)
CORAM:
HON'BLE MR. JUSTICE OM PRAKASH SHUKLA
ORDER(ORAL)
%
03.11.2026
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. Mr. Ravi Kant has put in appearance on behalf of the Respondents.
2. Learned Counsel for the Petitioner submits that he has already invoked arbitration.
3. Thus, in these circumstances, the present petition is disposed of with the direction that the Petitioner shall conclude the process for appointment of Arbitrator within the next 45 days.
4. Upon constitution of the Arbitral Tribunal, the present petition under Section 9 shall be treated as an application under Section 17.
5. The interim arrangement granted by this Court shall continue for a period of 45 days from today.
Signed By:GUNN Signing Date:03.11.2026 20:00:23 Signature Not Verified
6. In the event the Petitioner commences arbitral proceedings within the aforesaid period, the interim arrangement shall continue until the learned Arbitral Tribunal considers and passes appropriate orders under Section 17 of the Act.
7. It is clarified that in the event the Petitioner fails to commence arbitral proceedings within the aforesaid period, the interim protection shall stand vacated automatically, without any further reference to this Court.
8. Upon constitution of the Arbitral Tribunal, the present petition under Section 9 shall be placed before the learned Arbitral Tribunal for consideration as an application under Section 17 of the Act, in accordance with law.
9. The learned Arbitral Tribunal shall be at liberty to continue, modify, vary or vacate the interim arrangement granted by this Court.
10. Needless to state, all rights and contentions of the parties, including those relating to maintainability, jurisdiction and entitlement to interim relief, are expressly left open.
11. Nothing observed herein shall be construed as an expression of opinion on the merits of the dispute.
12. The petition, along with pending application(s), if any, stands disposed of in the aforesaid terms.
OM PRAKASH SHUKLA, J NOVEMBER 3, 2026/pa Signed By:GUNN Signing Date:03.11.2026 20:00:23 Signature Not Verified