Delhi High Court
O.M.P.(I) (COMM.)/348/2026 of AXIS FINANCE LIMITED Vs AMIT SINGH DHAKA & ORS. on 5 November 2026
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IN THE HIGH COURT OF DELHI AT NEW DELHI
CNR No. DLHC010384192026
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O.M.P.(I) (COMM.) 348/2026
AXIS FINANCE LIMITED
.....Petitioner
Through:
Mr. Aditya Sharan, Ms. Palak
Tyagi, Mr. Ashish K. Singh,
Advs.
versus
AMIT SINGH DHAKA & ORS.
.....Respondents
Through:
CORAM:
HON'BLE MR. JUSTICE OM PRAKASH SHUKLA
ORDER(ORAL)
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05.11.2026
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1. This court feels it is appropriate that the present petition be disposed of with the direction that the Petitioner shall take appropriate steps for initiation of appropriate arbitral proceedings within a period of 60 days from today.
2. The interim arrangement granted by this Court shall continue for a period of 60 days from today. 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.
3. 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.
Signed By:ANUBHAV TRIPATHI Signing Date:05.11.2026 17:06:39 Signature Not Verified
4. 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.
5. The learned Arbitral Tribunal shall be at liberty to continue, modify, vary or vacate the interim arrangement granted by this Court.
6. 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.
7. Nothing observed herein shall be construed as an expression of opinion on the merits of the dispute.
8. The petition, along with pending application(s), if any, stands disposed of in the aforesaid terms.
OM PRAKASH SHUKLA, J NOVEMBER 5, 2026/at
Signed By:ANUBHAV TRIPATHI Signing Date:05.11.2026 17:06:39 Signature Not Verified