Mangal Credit And Fincorp Limited v. Vaishali Transcarrier Private Limited

Megha 7_ia_1542_2026 in carap_147_2025_corrected

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INTERIM APPLICATION NO.1542 OF 2026 IN COMMERCIAL ARBITRATION APPLICATION NO.147 OF 2025 Mangal Credit and Fincorp Limited ...Applicant V/s.

Vaishali Transcarriers Private Limited and Ors.

...Respondents

________________ Mr. Pradeep Purohit with Ms. Merlin Sam i/b. Mr. Pankaj Jain for the Applicant.

________________ CORAM: SANDEEP V. MARNE, J.

DATED: 18 APRIL 2026.

P.C.:

1) The Interim Application is filed seeking restoration of Application filed under Section 11 of the Arbitration and Conciliation Act, 1996, which is disposed of on 17 April 2025. 2) It is submitted on behalf of the Applicant that Arbitration Application was withdrawn on account of settlement of loan Account. However, on disposal of the Arbitration Application, the Respondent has once against committed default in payment of loan. It appears that no liberty was granted while disposing of Arbitration Application vide order dated 17 April 2025.

Page No.

1 of 18 April 2026

Megha 7_ia_1542_2026 in carap_147_2025_corrected 3) The Respondent is served with private notice in the Interim Application but has failed to appear before the Court. For the limited purpose of grant of liberty for filing of fresh Section 11 Application, order dated 17 April 2025 is recalled and the Arbitration Application is restored.

4) Interim Application is disposed of.

[SANDEEP V. MARNE, J.] Note: This order is corrected vide order dated 8 June 2026. Signed by: Megha S. Parab Designation: PA To Honourable Judge Date: 09/06/2026 12:24:06 Page No.

2 of 18 April 2026