Fullerton India Credit Co. Ltd. v. Mukund Horizones Pvt. Ltd. And 3 Others

arbp 1040 of 2016 (920).sxw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.1040 OF 2016 Fullerton India Credit Co. Ltd.

...

Petitioner and Mukund Horizones Pvt. Ltd. and Ors. ...

Respondents Ms. Disha Karambar-Mulgaonkar with Ms. Priya Rita, Ms. Pooja Surashe i/by M/s. Disha Karambar and Associates, for Petitioner. None for Respondents.

CORAM: S.J. KATHAWALLA, J.

DATE: 23 rd SEPTEMBER, 2016 P.C.:

1.

Admittedly, the Arbitration Proceedings have commenced. In view thereof, the Petitioner shall be at liberty to move the learned Arbitrator under Section 17 of the Arbitration and Conciliation Act, 1996 seeking ad-interim/interim reliefs. The learned Arbitrator shall decide the Application under Section 17 of the Act filed by the Petitioner within a period of 8 weeks from today. Pending the hearing of the Petition by the learned Arbitrator, the Respondents shall not sell, alienate, encumber, part with possession and/or create third party rights in respect of the mortgaged property. In view thereof, the above Arbitration Petition is disposed of. ( S.J.KATHAWALLA, J. ) ssp 1/1