Disposed

Hero Fincorp Limited v. M/S Future Corporate Resources Private Limited & Ors.

Delhi HC7 May 2024O.M.P.(I) (COMM.)/142/2024

Case brief

AI extract

What is this about?

The Delhi High Court, in an arbitration fee dispute, directed parties to deposit outstanding levies and listed the matter adjourned to 09.10.2024 for verification of filings.

What did the court decide?

Directed Petitioner to place proof of fee deposit on record. Directed Respondent to deposit fee and costs within one week with proof before next date.

Hero Fincorp Limited Vs M/S Future Corporate Resources Private… — Arbitration | Delhi HC (2024)

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$~41

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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O.M.P.(I) (COMM.) 142/2024 HERO FINCORP LIMITED .....Petitioner Through: Mr. Sanjeev Singh, Ms. Taniya Bansal, Ms. Sandipua Bhattarcharya and Mr. Anoop Sharma, Advs. versus

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M/S FUTURE CORPORATE RESOURCES PRIVATE LIMITED & ORS. .....Respondents Through: Mr. Raghav Mittal, Adv. Dr. Amit George, Ms. Rupam Jha, Mr. Dushyan Kaul, Mr. Adhishwar Suri, Ms. Suparna Jain, Ms. Ibansara Syiemlieh and Mr. Arkaneil Bhaumik, Advs. for DIAC.

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CORAM:

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HON'BLE MR. JUSTICE SACHIN DATTA

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O R D E R % 03.10.2024

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This matter has been listed upon office note put up by a coordinator, DIAC on the basis that the parties have not deposited their share of the arbitrator’s fees and administrative charges. It has been brought out in the office note that both the parties were directed to deposit the following

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amounts:

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*Party*	*Amount payable*	*Amount*	*Deficient*
	*(20%* of *the*	*deposited*	*amount*
	*arbitrator’s fees)*
Claimant	7,24,856/-	Nil	7,24,856/-
Respondent(s)	7,24,856/-	Nil	7,24,856/-

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This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 07/10/2024 at 15:54:57

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During the course of hearing, learned counsel for the petitioner submits that the petitioner has deposited its share of arbitrator’s fee amounting to Rs.7,24,856/- on 30.09.2024, and also its share of the administrative cost.

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Let the proof of the said deposit be placed on record before the next date of hearing.

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Learned counsel for the respondent submits that the respondent shall also be depositing its share of the arbitrator’s fee, along with pending administrative costs, if any, within a period of one week from today.Let proof of the said deposit be also placed on record before the next date of hearing.

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List on 09.10.2024.

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SACHIN DATTA, J

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OCTOBER 3, 2024/ cl

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 07/10/2024 at 15:54:57

Hero Fincorp Limited v. M/S Future Corporate Resources Private Limited & Ors.

Case brief

What is this about?

What did the court decide?

Hero Fincorp Limited v. M/S Future Corporate Resources Private Limited & Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

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