Delhi High Court

AXIS FINANCE LIMITED v. AMIT SINGH DHAKA & ORS.

Court: Delhi High Court
Case number: O.M.P.(I) (COMM.) - 348/2026
Date of judgment: 5 November 2026
Petitioner / Appellant: AXIS FINANCE LIMITED
Respondent: AMIT SINGH DHAKA & ORS.
CNR: DLHC010384192026

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O.M.P.(I) (COMM.) 348/2026 Page 1 of 2

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* IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010384192026 + 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)

% 05.11.2026

1. This court feels it is appropriate that the present petition be disposed of with the direction that the Petitioner shall take approp riate 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 proceedin gs 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.

O.M.P.(I) (COMM.) 348/2026 Page 2 of 2

4. Upon constitution of the Arbitral Tribunal, the present petition under Section 9 shall be placed before the learne d 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