Hdb Financial Services Ltd. v. Faisal Sultan Aarai S/O Sultan Aarai and Anr.
Case brief
What is this about?
Unilateral appointment of sole arbitrator; execution-stage setting aside of arbitral award as void-ab-initio and non-est; HDB Financial Services Ltd. v. Faisal Sultan Aarai; reliance on L & T Finance Ltd. v. Sangeeta Bhansali (Comm. Execution Appln. (L) No. 5277 of 2022) and Bhadra International (India) Pvt. Ltd. v. Airport Authority of India (SC, Civil Appeal No. 37-38 of 2026, decided 05-01-2026); execution application dismissed; fresh arbitration permitted; limitation exclusion from invocation till order date; Bombay High Court OOCJ; Rajesh S. Patil, J.; 03.02.2026.
What did the court decide?
Execution Application and the Notice dismissed; interim applications, if any, disposed of; arbitral award dated 12.12.2019 declared non-est in law, non-executable and void-ab-initio; parties left free to initiate fresh arbitration proceedings in accordance with law, with the period from invocation of arbitration till the date of the order excluded for limitation.