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High Court of DelhiO.M.P.(I) (COMM.)/437/2024

M/S Incred Financial Services Ltd v. Aviom India Housing Finance Pvt. Ltd & ANR.

2026-05-19Hon'Ble Mr. Justice Harish Vaidyanathan Shankar3 pages

$~12 to 14 * IN THE HIGH COURT OF DELHI AT NEW DELHI O.M.P.(I) (COMM.) 434/2024, I.A. 49435/2024 (Stay), I.A. 281/2025 (U/O XXXIX Rule 4), I.A. 7659/2025 (Seeking discharge from representing R-2), I.A. 10847/2025 (Seeking vacation of the ad-interim order dt. 23.12.2024) & I.A. 11876/2026 (For substituting the applicant in place of ARKA Fincap Limited/petitioner Bank) ARKA FINCAP LIMITED .....Petitioner Through:

versus AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED & ANR.

.....Respondents Through:

Mr.

Malak Bhatt & Mr.

Shreyansh Chopra, Advs. for Administrator of R-1.

Mr. Pranjit Bhattacharya, Ms.

Salonee Shukla & Ms. Shalini Singh, Advs. for R-2.

Mr. Shikhar Kumar, Adv. in I.A. 11876/2026 + O.M.P.(I) (COMM.) 437/2024, I.A. 49597/2024 (Ex.), I.A. 2/2025(Seeking attachment of Bank Account) & I.A. 7787/2025 (Seeking discharge from representing R-2) M/S INCRED FINANCIAL SERVICES LTD .....Petitioner Through:

Mr. Puneet Bajaj, Adv.

versus AVIOM INDIA HOUSING FINANCE PVT. LTD & ANR.

.....Respondents Through:

Mr.

Malak Bhatt & Mr.

Shreyansh Chopra, Advs. for Administrator of R-1.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

Mr. Pranjit Bhattacharya, Ms.

Salonee Shukla & Ms. Shalini Singh, Advs. for R-2.

O.M.P.(I) (COMM.) 451/2024, I.A. 254/2025 (U/O XXXIX Rule 4), I.A. 7783/2025 (Seeking discharge from representing R-2), I.A. 10868/2025 (Seeking vacation/ setting aside of the ad-interim order dt. 27.12.2024) & I.A. 14446/2025 (Dir.) M/S VENUS INDIA ASSET-FINANCE PVT LTD .....Petitioner Through:

Mr. Shilpinder Singh Sobti, Ms.

Aishani Datta, Mr. Anshvendra Singh & Ms. Apoorva Agarwal, Advs.

versus AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED AND ANR .....Respondents Through:

Mr.

Malak Bhatt & Mr.

Shreyansh Chopra, Advs. for Administrator of R-1.

Mr. Pranjit Bhattacharya, Ms.

Salonee Shukla & Ms. Shalini Singh, Advs. for R-2.

CORAM:

HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR

O R D E R

% 19.05.2026 O.M.P.(I) (COMM.) 437/2024 1.

The present Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeks certain interim reliefs. 2.

Learned counsel appearing for the Petitioner, on instructions, The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

seeks the leave of this Court to withdraw the present Petition. 3.

Leave, as sought for, is granted.

4.

Accordingly, the present Petition, along with pending application(s), if any, stands dismissed as withdrawn. O.M.P.(I) (COMM.) 451/2024 5.

The present Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeks certain interim reliefs. 6.

Learned counsel appearing for the Petitioner, on instructions, submits that a moratorium is presently operating as against the Respondent No. 1.

7.

In view thereof, he seeks the leave of this Court to withdraw the present Petition with liberty to initiate such appropriate proceedings as may be permissible in law at the relevant point in time. 8.

Leave and liberty, as sought for, are granted. 9.

Accordingly, the present Petition, along with pending application(s), if any, stands dismissed as withdrawn. O.M.P.(I) (COMM.) 434/2024 10.

List on 20.05.2026.

HARISH VAIDYANATHAN SHANKAR, J.

MAY 19, 2026/ v/va/m The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.