Reliance Nippon Life Insurance Company Limited v. Tranzlease Holdings (India) Private Limited

907-ARBP-242-2022+.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO. 242 OF 2022 WITH INTERIM APPLICATION NO. 5877 OF 2025 IN ARBITRATION PETITION NO. 242 OF 2022 Reliance Nippon Life Insurance Company Limited

...Petitioner

Versus

Atul Tandon Resolution Professional Of Tranzlease Holdings (India) Private Limited & Ors

...Respondents

Mr. Jamsheed Master, a/w Shruti Maniar, Jyotika Raichandani, Bhavesh Wadhwani, i/b M/s. Solomon & Co. for the Petitioner. Mr. Mily Ghoshal, for Respondent No.1.

Ms. Bijal Gogri, i/b GNP Legal, for Respondent No.2. Mr. Vishal Tambat, a/w Rochelle Fernandes, for Respondent No.5.

CORAM

: SOMASEKHAR SUNDARESAN, J.

DATE : OCTOBER 10, 2025 ORDER :

1.

Learned Counsel for the Petitioner fairly states that other than Respondent Nos.1 and 4 none of the other Respondents need to be proceeded against in view of the settlement arrived at. He clarifies that no prayers would be sought against them and they may be discharged Digitally signed by ASHWINI JANARDAN VALLAKATI Date:

2025.10.18 16:18:40 +0530 from these proceedings.

ASHWINI JANARDAN VALLAKATI October 10, 2025 Ashwini Vallakati

907-ARBP-242-2022+.doc 2.

Issue notice to Respondent No.4 to present its say in the matter. In any case, there is no moratorium against Respondent No.4 and it would be appropriate to hear Respondent No.4's say before taking a view on any solution to the problem that the Petitioner find itself in. 3.

Stand over to November 17, 2025.

4.

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.] October 10, 2025 Ashwini Vallakati