Disposed

Shri Radhey Buildprop Pvt. Ltd. & Ors. v. Adel Landmarks Limited

Delhi HC15 Apr 2024O.M.P. (E) (COMM.)/32/2023

Case brief

AI extract

What is this about?

Petition filed under Section 27 of the Arbitration and Conciliation Act withdrawn with liberty to file afresh after reconstitution of the Arbitral Tribunal due to the sole arbitrator's recusal and the respondent's status in Corporate Insolvency Resolution Process.

What did the court decide?

Petition withdrawn with liberty to file afresh for the same purpose if and when the Arbitral Tribunal is re-constituted.

Shri Radhey Buildprop Pvt. Ltd. & Ors. Vs Adel Landmarks Limited — Arbitration | Delhi HC (2024)

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$~19

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P. (E) (COMM.) 32/2023

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SHRI RADHEY BUILDPROP PVT LTD & ORS. ..... Petitioners Through: Ms. Vibha Mahajan Seth, Advocate.

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versus

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ADEL LANDMARKS LIMITED ..... Respondent

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Through: Ms. Apoorva, Advocate for the Resolution Professional.

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CORAM:

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HON'BLE MR. JUSTICE ANUP JAIRAM BHAMBHANI O R D E R % 15.04.2024

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Ms. Vibha Mahajan Seth, learned counsel appearing for the petitioner submits that during the pendency of the present petition filed under section 27 of the Arbitration & Conciliation Act 1996, the learned Sole Arbitrator who is seized of the matter has recused from the proceedings. Counsel submits that no steps have been taken by the respondent/claimant for appointment of a substitute arbitrator.

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In the circumstances, Ms. Seth seeks leave to withdraw the present petition, with liberty to file afresh for the same purpose, if and when the Arbitral Tribunal is re-constituted.

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Ms. Apoorva, learned counsel is present on behalf of the Resolution Professional appointed for the respondent company and submits that the company is undergoing Corporate Insolvency Resolution Process and is likely to be taken-over by a new management, which may then decide to take appropriate steps in respect of the arbitral proceedings.

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Page 1 of 2

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O.M.P. (E) (COMM.) 32/2023

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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 03/07/2025 at 03:36:19

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The submission is noted.

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Subject to the above, the petition is disposed-of as withdrawn, with liberty as prayed-for.

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Pending applications, if any, also stand disposed-of.

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ANUP JAIRAM BHAMBHANI, J

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APRIL 15, 2024 ak

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Page 2 of 2

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O.M.P. (E) (COMM.) 32/2023

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Shri Radhey Buildprop Pvt. Ltd. & Ors. v. Adel Landmarks Limited

Case brief

What is this about?

What did the court decide?

Shri Radhey Buildprop Pvt. Ltd. & Ors. v. Adel Landmarks Limited

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Statutes considered

Parties & counsel

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