PNB Housing Finance Limited v. Taran Jeet Singh & Ors.

Delhi High Court · 14 Mar 2018 · 2018:DHC:9358
Navin Chawla
2018:DHC:9358
civil appeal_dismissed

AI Summary

The Delhi High Court vacated interim reliefs granted under Section 9 of the Arbitration and Conciliation Act, 1996 due to the petitioner's failure to initiate arbitration within the mandatory ninety-day period.

Full Text
Translation output
$-14,17, 18,19,21 &23 HIGH COURT OF DELHI O.M.P.(I)
(COMM.)276/2017 PNB HOUSING FINANCE LIMITED ..... Petitioner
Through: Mr.Nishant Maidasani,Adv.
VERSUS
TARAN JEET SINGH&ANR. Respondents
Through: Ms.Rhea Verma proxy counsel
O.M.P.(I)(COMM.)515/2017
PNB HOUSING FINANCE LIMITED Petitioner
VERSUS
KULIN KISHORDANANI& ORS. Respondents
Through: Mr.Raghvendra Pratap Singh,Adv.
O.M.P.(I)(COMM.)516/2017
VERSUS
PRAKASH S & ANR. Respondents (COMM.)517/2017
VERSUS
SIDDHARTH RAJESH NAHAR& ORS. Respondents
Through: Ms.Kaveeta Wadia & Mr.Shashank Tripathi,Advs.For R-1,3&4
2018:DHC:9358 (COMM.)519/2017 PNB HOUSING FINANCELIMITED Petitioner
VERSUS
RAGHUNATHAN NAGARAJ&ANR. Respondents (COMM.)521/2017
PNB HOUSING FINANCE LIMITED ..... Petitioner
VERSUS
RAM NARAIN SINGH& ANR.. Respondents
Through: Mr.Kunal Kapur, Mr.Ankur Aggarwal& Mr.Nitin Sharma,Advs.
CORAM:
HON'BLE MR.JUSTICE NAVIN CHAWLA
14.03.2018 Counsel for the petitioner fairly concedes that the arbitration proceedings have not been initiated by the petitioner in spite ofthe expiry of ninety days as mentioned in section 9(2)ofthe Arbitration and Conciliation
Act, 1996.
In view ofthe above,the interim order is vacated,leaving it open to the parties to take recourse in accordance with law.
The petition is disposed of.
^ MARCH 14,2018/rv NAVIN CHAWLA,J 2018:DHC:9358
JUDGMENT