Rupal Mukundbhai Shah v. Kotak Mahindra Bank Limited

Neeta Sawant 2-ARBP-9-2024.docx

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 9 OF 2024 WITH INTERIM APPLICATION NO. 6416 OF 2025 Rupal Mukundbhai Shah .....Petitioner : Versus :

Kotak Mahindra Bank Limited ....Respondent Mr. Siddhesh Bhole with Ms. Anushree Koparkar i/b SSB Legal & Advisory, for the Petitioner.

Mr. Siddhant Choudhari i/b. Mr. Mandar N. Goswami, for the Respondent.

CORAM : SANDEEP V. MARNE, J.

DATED : 28 NOVEMBER 2025.

P.C :

1) Mr. Choudhari, learned counsel appearing for the Respondent, on instructions, submits that the Respondent-bank shall not execute the impugned Award. He also consents for setting aside the Award. Accordingly, the impugned arbitral Award dated 31 March 2022 is set aside. The Arbitration Petition is allowed to the above extent and disposed of. The Interim Application also stands disposed of. Digitally signed by NEETA SHAILESH SAWANT Date:

2025.11.28 15:13:46 +0530 NEETA SHAILESH SAWANT [SANDEEP V. MARNE, J.] _____________________________________________________________________________ PAGE NO.

1 of FRIDAY, 28 NOVEMBER 2025