Bajaj Finance Limited v. Ravi Badrinarain Goyal

Delhi HC16 Sept 2025O.M.P.(I) (COMM.)/92/2025

Case brief

AI extract

What is this about?

Section 9 interim relief Arbitration and Conciliation Act 1996; conversion of Section 9 petition to Section 17 application upon arbitrator appointment (ARB.P. 1488/2025, consensual); interim restraint on movable and immovable assets Rs. 12.74 crores reduced to Rs. 1.89 crores; interim protection to continue until disposal of Section 17 application by Arbitrator; Bajaj Finance Limited v. Ravi Badrinarain Goyal; O.M.P.(I) (COMM.) 92/2025; Delhi High Court; Justice Jasmeet Singh; 16.09.2025.

What did the court decide?

Petition treated as a Section 17 application to be adjudicated by the learned Arbitrator (appointed in ARB.P. 1488/2025) uninfluenced by the orders dated 21.03.2025 and 27.05.2025; interim order to continue till disposal of the Section 17 application. ¶¶18

Bajaj Finance Limited Vs Ravi Badrinarain Goyal — Arbitration | Delhi HC (2025)

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$~83

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- O.M.P.(I) (COMM.) 92/2025 & I.A. 9769/2025, I.A. 10854/2025 I.A. 12542/2025

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BAJAJ FINANCE LIMITED

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.....Petitioner Through: Mr. Karan Luthra, Adv and Mr. Rohan Dua, Adv

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versus

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RAVI BADRINARAIN GOYAL

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.....Respondent Through: Mr. Raghav Mittal, Adv.

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CORAM: HON'BLE MR. JUSTICE JASMEET SINGH O R D E R % 16.09.2025

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This is a petition filed under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim orders against the respondent.

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On 21.03.2025, this Court was pleased to restrain the respondent from selling, transferring, alienating, encumbering or creating any third-party interest in respect of their movable and immovable assets to the tune of Rs. 12.74 crores.

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Vide order dated 27.05.2025, the said amount was reduced to the tune of Rs. 1.89 crores and the interim order is still continuing in favour of the petitioner and against the respondent.

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Mr. Mittal, learned counsel for the respondent, states that the amount of Rs. 1.89 crores has further been reduced, to my mind, which shall be decided by the learned Arbitrator.

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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 24/09/2025 at 12:58:25

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Since in ARB.P. 1488/2025, an Arbitrator has already been appointed, with consent of the parties, it is directed that the present petition shall be treated as a section 17 application and the same shall be adjudicated by the learned Arbitrator uninfluenced by any observations made in the orders dated 21.03.2025 and 27.05.2025.

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Interim order to continue till the disposal of the section 17 application by the learned Arbitrator.

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The petition is disposed of in the aforesaid terms.

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JASMEET SINGH, J

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SEPTEMBER 16, 2025 / (MS)

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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 24/09/2025 at 12:58:25

Bajaj Finance Limited v. Ravi Badrinarain Goyal

Case brief

What is this about?

What did the court decide?

Bajaj Finance Limited v. Ravi Badrinarain Goyal

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

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