AXIS FINANCE LIMITED v. VENKATA PARVATHISAM SANAPALA AND ORS

O.M.P.(I) (COMM.) 361/2026 Page 1 of 2

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* IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010397072026 + O.M.P.(I) (COMM.) 361/2026 , I.A. 23190/2026, I.A.

23191/2026 & I.A. 23192/2026

AXIS FINANCE LIMITED .....Petitioner Through: Mr. Puneet Singh Bindra, Mr.

Rishabh Gupta, Ms Charu

Mdoi, Mr. Chandra Raj Singh

Chouhan and Mr. Devang

Gupta, Advs.

versus

VENKATA PARVATHISAM SANAPALA AND ORS

.....Respondents

Through: None.

CORAM:

HON'BLE MR. JUSTICE OM PRAKASH SHUKLA

ORDER(ORAL)

% 09.10.2026

1. As per the affidavit of service, service is sufficient.

2. Learned Counsel appearing on behalf of the Petitioner submits that they have already invoked arbitration and they shall complete the procedure for appointment of an Arbitrator within the next 45 days.

3. The interim arrangement granted by this Court shall continue for the next 45 days.

4. It is made clear that, in any case appropriate arbitral tribunal is not constituted and Arbitrator is not appointed, the interim arrangement shall automatically stand vacated.

O.M.P.(I) (COMM.) 361/2026 Page 2 of 2

5. Upon the constitution of the Arbitral Tribunal, the present petition filed under Section 9 of the Arbitration and Conciliation Act, 19961 shall stand treated as an application under Section 17 of the Act.

6. It shall be open to the learned Arbitra l Tribunal, upon consideration of the matter on its own merits, to continue, modify, vary or vacate the aforesaid interim arrangement.

7. All the rights and contentions of the parties are left open and nothing contained in this order or previous orders shall be construed as an expression of opinion on the merits of the disputes.

8. The present petition is disposed of in the aforesaid terms.

Pending application(s), if any, also stand disposed of.

OM PRAKASH SHUKLA, J

OCTOBER 9, 2026/gunn

1 “Act” hereinafter