Livfin India Pvt. Ltd. v. Ugro Capital Limited
Case brief
What is this about?
Section 9 Arbitration and Conciliation Act 1996 interim measures petition; conversion of Section 9 petition into Section 17 application before arbitrator; restraint on encashment of fixed deposits; ex-parte ad-interim order dated 06.09.2024; DIAC appointed as arbitral institution with consent of parties; disposal upon appointment of arbitrator; hearing within 4 weeks of entering reference; no opinion on merits; LIVFIN India Pvt Ltd v Ugro Capital Limited; O.M.P.(I)(COMM.) 302/2024; Justice Jasmeet Singh; Delhi High Court; order dated 17.03.2025.
What did the court decide?
Since the arbitrator was already being appointed, the Court directed that the present petition be treated as an application under Section 17 of the Arbitration and Conciliation Act, 1996, to be heard and disposed of by the learned Arbitrator within 4 weeks from entering the reference.