M/S Paisalo Digital Limited Formerly Known As M/S. S.E. Investment Limited v. M/S Kakda Rolling Mills & ORS.

$~11 * IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO (COMM) 238/2023 & CM APPL. 59859/2023 M/S PAISALO DIGITAL LIMITED FORMERLY KNOWN AS M/S. S.E. INVESTMENT LIMITED ..... Appellant Through:

Mr. Harshal Kumar, Adv. (through VC).

versus M/S KAKDA ROLLING MILLS & ORS.

..... Respondents Through:

Mr. Nikhil Malhotra, Adv. (through VC).

CORAM:

HON'BLE MR. JUSTICE VIBHU BAKHRU HON'BLE MS. JUSTICE TARA VITASTA GANJU

O R D E R

% 05.02.2024 1.

The appellant has filed the present appeal impugning the order dated 08.06.2023 passed by the learned Commercial Court in OMP(COMM) No. 13/2019 captioned M/s Kakda Rolling Mills & Ors. Vs. M/s Paisalo Digital Limited. The respondent had filed the said petition under Section 34 of the Arbitration and Conciliation Act, 1996 for setting aside the Arbitral Award dated 20.10.2018.

2.

The learned Commercial Court had found that the Arbitral Tribunal rendered the award being unilaterally appointed by the appellant without express consent of the respondents.

3.

After some arguments, learned counsel appearing for the appellant submits that he shall take steps for constitution of a new Arbitral Tribunal to adjudicate the dispute that has arisen between the parties. FAO (COMM) 238/2023 The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 13/12/2024 at 15:00:27

4.

In view of the above, the present appeal is not pressed, the same is, accordingly, dismissed.

VIBHU BAKHRU, J TARA VITASTA GANJU, J FEBRUARY 5, 2024/SA Click here to check corrigendum, if any FAO (COMM) 238/2023 The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 13/12/2024 at 15:00:27