Pnb Housing Finance Limited v. Amul Gabrani & ORS.

$~11 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(I) (COMM.) 335/2017 PNB HOUSING FINANCE LIMITED ..... Petitioner Through Mr. Ajay Uppal with Mr. Nishant Mai Dasani Advocates versus AMUL GABRANI & ORS.

..... Respondents Through Ms. Madhuri Dhingra, Advocate

CORAM:

HON'BLE MR. JUSTICE NAVIN CHAWLA

O R D E R

% 01.12.2017 Counsel for respondents enters appearance.

It is brought to my notice by the counsel for the petitioner that Arbitral Tribunal has already been constituted for adjudication of the disputes that have arisen between the parties. The Arbitrator has already entered reference. Let the information regarding Arbitrator be also supplied to the counsel for the respondents. As the Arbitral Tribunal has already been constituted, I deem it appropriate to direct that the present petition would be considered as an application under section 17 of the Arbitration and Conciliation Act, 1996 by the Arbitrator and shall be considered on its own merits. It will be open to the respondent to raise all contentions in opposition thereto before the Arbitrator.

The interim order granted in favour of the petitioner vide order dated 05.09.2017 is extended for a period of four weeks from today. It shall be open to the Arbitral Tribunal to extend/modify/vacate the

same in accordance with the law.

I may only record that the parties are also stated to be trying for reaching an amicable settlement. The petition is disposed of in the above terms.

NAVIN CHAWLA, J DECEMBER 01, 2017/cd/MS