Orix Leasing and Financial Services India Ltd. v. Metal Cans Company & Ors.
Case brief
What is this about?
Orix Leasing and Financial Services India Ltd. v. Metal Cans Company & Ors., O.M.P.(I)(COMM.) 458/2025, Delhi High Court, Subramonium Prasad J., 04.11.2025. Section 9 interim-measures petition converted, on consent of both sides, into an application under Section 17 of the Arbitration & Conciliation Act, 1996; Justice Rekha Palli (retd.) appointed Sole Arbitrator; arbitration under DIAC aegis and fee schedule; disclosure under Section 12(2) within two weeks. Loan facility Rs. 6,23,63,000/- (Loan Facility Agreement dated 20.12.2024); loan recall notice dated 15.09.2025; claimed dues Rs. 61,15,45,203.19/- as on 17.10.2025; prayers for injunction against alienation of Noida property, attachment of Yes Bank/SBI/Axis Bank accounts and appointment of Court Receiver not adjudicated on merits; all rights and contentions kept open; petition disposed of.
What did the court decide?
Petition under Section 9 treated, with the consent of both sides, as an application under Section 17 of the Arbitration & Conciliation Act; Justice Rekha Palli, former Judge of the Delhi High Court, appointed Sole Arbitrator; arbitration to proceed under the aegis of DIAC with fees per its Schedule of Fees; disclosure under S.12(2) within two weeks of entering reference; all rights and contentions on claims/counter-claims kept open. The interim-relief prayers (injunction, attachment, Court Receiver) were not adjudicated on merits and stand disposed of with the petition.