Bajaj Housing Finance Ltd. v. Rashmi Eknath Vishwasrao
Arbitration and Conciliation Act, 1996 – Section 9 – interlocutory protective reliefs
Case brief
What is this about?
Bajaj Housing Finance Ltd. v. Rashmi Eknath Vishwasrao & Anr., ARBITRATION PETITION NO.413 OF 2025, Bombay High Court (Ordinary Original Civil Jurisdiction), SOMASEKHAR SUNDARESAN, J., October 09, 2025. Section 9 Arbitration and Conciliation Act 1996 interim relief in respect of loan default under Loan Agreements dated May 24, 2019 and May 25, 2019 (arbitration clause Clause 16.2); claimed dues Rs.73,48,074/-; notice dated November 28, 2024; respondents ex parte despite service. Ad interim injunction restraining alienation of Flat No. 602 and Flat No. 612, Wing A, 6th Floor, Unimont Empire, Khopoli, Maharashtra-410203; disclosure of other unencumbered properties; production of income tax returns for last three financial years; reliefs pending Arbitral Tribunal's further interim relief; liberty to file Section 11 application within 30 days; listed November 20, 2025.
What did the court decide?
Ad interim reliefs in terms of prayer clauses (b), (c) and (d): (b) injunction restraining the Respondents from selling, transferring, disposing of, creating third party rights in, or parting with possession of Flat No. 602 and Flat No. 612, Wing A, 6th Floor, Unimont Empire, Plot No. 01, Cts No. 3530, Khopoli, Maharashtra-410203; (c) direction to the Respondents to disclose other unencumbered properties to the Petitioner; (d) direction to the Respondents to produce income tax returns for the last three financial years — such reliefs to apply pending consideration of further interim relief by the Arbitral Tribunal.