Religare Finvest Ltd v. Surya Pharmaceutical Ltd & Ors

Delhi High Court · 29 Nov 2013 · 2013:DHC:8385
Rajiv Shakdher
O.M.P. 968/2012; O.M.P. 972/2012
2013:DHC:8385
arbitration appeal_dismissed

AI Summary

The Delhi High Court directed that petitions concerning interim relief in arbitration disputes be treated as applications under Section 17 of the Arbitration and Conciliation Act, 1996 and referred to the appointed arbitrator, with existing interim orders to continue pending disposal.

Full Text
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HIGH COURT OF DELHI
O.M.'P. 968/2012, , , RELIGARE FINVEST ltd Petitioner
Through: Mr. Ajay Kohli, Advocate
• ,
VERSUS
SURYA PHARMACEUTICAI. LTD &ORS Respondents
Through: Ms. Panldiuri Jain, Advocate
O.M.P. 972/2012
RELIGARE FINVEST LTD
Through: Mr. Ajay Kohli, Advocate Petitioner
VERSUS
SURYA PHARMACEUTICAL LTD &ORS Respondents ' Through: Ms. Panldiuri Jain, Advocate
COI^M:
HON'BLE MR. JUSTICE RAJIV SHAKDHER O R D E R o/o 29.11.2013
JUDGMENT

1. The learned counsel for the parties submit that since Mr. S.M. Chopra, ADJ (Retd.) (Mobile No.9213230349) has been appointed as an arbitrator in respect of the disputes obtaining between the parties, the captioned petitions be also placed before the. learned arbitrator, who may treat the same as applications under Section 17 of the Arbitration and Conciliation Act, 1996 (in short the Act).

2. Parties are also agreed that pending the disposal ofthe petitions /.968/20.12 &972/2012 ". ^ O.M.I 2013:DHC:8385 ^plications, interim orders dated 16.10.2012. should continue to operate. It is ordered accordingly.

3. •The ai-bitrator, will treat the captioned petitions as applications under Section 17 ofthe Act. Pending the disposal ofthe petitions / applications, interim orders dated •16.10.2012, will continue to operate.

4. Needless to say, the learned arbitrator shall have the liberty to modify or vacate or affirm or even expand the scope of the mtenm orders, albeit"in accordance with the law.

5. The captioned petitions are accordingly disposed of. DM.] ^MBER 29, 2013 ' * 968/20,12 & 972/2012 llAJIV SHAKDHER, J page[2] of 2