PNB Housing Finance Ltd. v. Savita Bhatia & Ors.
Case brief
What is this about?
The Delhi High Court, treating an interim application as a section 17 request under the Arbitration and Conciliation Act, 1996, ordered a stay on disposal, sale, or alienation of a specific property by the respondents until the arbitration record is placed before the arbitrator.
What did the court decide?
Restraint from disposing of, selling, alienating, transferring, or creating any encumbrance, charge, or third party interest in the specific property bearing No.47, B-3, Ground Floor, North Avenue Roa