Securitrans India Private Limited v. Fis Payment Solutions And Services Private Limited

501-IA-3887-2024.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION INTERIM APPLICATION NO. 3887 OF 2024 IN COMMERCIAL ARBITRATION PETITION NO. 750 OF 2024 Securitrans India Private Limited ...Applicant

Versus

Fis Payment Solutions & Services Private Limited

...Respondent

Mr. Tushad Kakalia, a/w Hormuz Mehta, Ahsan Allana & Avantika Kadapatti, i/b J. Sagar Associates, for the Applicant. Mr. Raghav Seth, a/w Vasudha Jain, i/b AZB & Partners, for Respondent.

CORAM

: SOMASEKHAR SUNDARESAN, J.

DATE : JULY 15, 2025 ORDER :

1.

This is a Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 ("the Act").

2.

Heard Learned Counsel for the parties for an overview of the matter. Based on the nature of the issues involved and bearing in mind the scope of jurisdiction under Section 34 of the Act, Learned Counsel have graciously agreed that the Petitioner shall take not more than one Digitally signed by ASHWINI JANARDAN VALLAKATI Date:

2025.07.18 18:18:05 +0530 ASHWINI JANARDAN VALLAKATI July 15, 2025 Ashwini Vallakati

501-IA-3887-2024.doc hour and the Respondent shall take no longer than one hour for verbal arguments in the matter.

3.

Towards this end, the parties shall file a short Note on Submissions, not exceeding five pages, along with page and case law references, setting out the manner in which the points canvassed by them ought to be accepted by this Court.

4.

It is made clear that the time commitments made above shall bind the parties, and such time shall be utilized at the discretion of the Counsel for verbalizing the pivotal submissions, resting assured that the rest of their contentions from their Note on Submissions, would be dealt with by the Court.

5.

With the aforesaid commitments, stand over to August 21, 2025, for "Final Hearing- Section 34".

6.

All actions required to be taken pursuant to this order shall be taken upon receipt of a downloaded copy as available on this Court's website.

[ SOMASEKHAR SUNDARESAN, J.] July 15, 2025 Ashwini Vallakati