M/S Paisalo Digital Limited (Formerly Known as M/S S. E. Investments Limited) v. M/S Sat Priya Mehamia Memorial Educational Trust (Regd.) & Ors.
Case brief
What is this about?
Arbitrator substitution; Section 15(2), Arbitration and Conciliation Act, 1996; O.M.P. (T) (COMM.) 21/2026 and O.M.P.(MISC.)(COMM.) 299/2026; M/s Paisalo Digital Limited (formerly M/s S. E. Investments Limited) v. M/s Sat Priya Mehamia Memorial Educational Trust (Regd.) & Ors.; prior appointment in ARB.P. 396/2024 (order dated 03.04.2024); previous arbitrator vacated office by e-mail dated 24.12.2025; Hon'ble Mr. Justice (Retd.) Kurian Joseph, Supreme Court of India, appointed/requested as Sole Arbitrator; proceedings from 03.11.2025 regularised; continuation from stage of predecessor's demitting office; 18-month conclusion timeline; extension of time for award; cancellation of hearing date 12.05.2026; petitions disposed of; Delhi High Court; Justice Harish Vaidyanathan Shankar; decision dated 06.04.2026.
What did the court decide?
Substitution of the Sole Arbitrator under Section 15(2) of the Arbitration and Conciliation Act, 1996: Hon'ble Mr. Justice (Retd.) Kurian Joseph, Supreme Court of India, requested to enter upon the reference as Sole Arbitrator; proceedings from 03.11.2025 till assumption of reference regularised; arbitrator to continue from the stage at which the previous arbitrator demitted office and endeavour to conclude within 18 months, with time for making the award extended accordingly; date fixed for 12.05.2026 cancelled; petitions and pending applications disposed of.