India Infrastructure Fund v. Essar Power Ltd

Delhi High Court · 07 May 2015 · 2015:DHC:11100
S. Muralidhar
O.M.P. 1506/2014
2015:DHC:11100
arbitration petition_dismissed

AI Summary

The Delhi High Court held that interim orders shall continue during arbitration proceedings unless modified by the arbitral tribunal under Section 17 of the Arbitration and Conciliation Act, 1996.

Full Text
Translation output
$-32 HIGH COURT OF DELHI
O.M.P. 1506/2014
INDIA INFRASTRUCTURE FUND Petitioner
Through: Mr. Rajiv Nayar, Sr. Advocate with Mr. Sanjeev Kapoor, Mr. Rajat Jariwal and Mr. Aakash Bajaj, Advocates
VERSUS
ESSAR POWER LTD Respondent
Through: Mr. Rishi Aggarwal, Advocate
CORAM: JUSTICE S. MURALIDHAR
07,05.2015
ORDER

1. It is informed that both the parties have nominated their respective Arbitrators whowill be meeting shortly for deciding onthe nameof the third Arbitrator.

2. The interim order dated 2"*^ December, 2014 and 4^ December, 2014 as further modified by the order dated 2E' January 2015 passed by this Court will continue during the pendency of the arbitral proceedings subject to modification or clarification by the learned Arbitral Tribunal in an applicationthat may be filed by either party under Section 17 ofthe OMP1506/2014 Page I of[2] 2015:DHC:11100 ••y \ Arbitration and Conciliation Act, 1996.

3. The petition is disposed ofin the above terms. may 07,2015 rs OMP1506/2014 s. muralidhar, j Page 2 of[2]