ALPHARD MARITIME LTD vs SAMSON MARITIME LIMITED

Judgment text excerpt

J-911-CARBPL-7499-2025 -FINAL.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION (L) NO.7499 OF 2025 Alphard Maritime Ltd. ...Petitioner Versus Samson Maritime Limited & Ors. ...Respondents Mr. Venkatesh Dhond a/w. Mr. Rohaan Cama, Jimisha Dalal, Sanchit Suri & Aryan Sharma i/b. Singularity Legal, Advocates for Petitioner. Mr. Sharan Jagtiani, Senior Advocate a/w. Joran Diwan i/b. Diwan Law Associates, Advocate for Respondent Nos.1 & 2. Mr. Janak Dwarkadas, Senior Advocate a/w. Mr. Nitesh Jain, Juhi Mathur, Atul Jain, Sonia Dasgupta, Prerna Shankar & Abhimanyu Chaturvedi i/b. Trilegal, Advocate for Respondent No.3 CORAM: SOMASEKHAR SUNDARESAN, J. RESERVED ON: MARCH 20, 2025 PRONOUNCED ON: APRIL 2, 2025 JUDGEMENT: 1. This is a Petition filed under Section 9 of the Arbitration and Conciliation Act, 1996 (“the Act”) seeking urgent interlocutory reliefs pending arbitration in connection with disputes and differences between the parties under a ‘Settlement Agreement’ dated September 16, 2024 (“ Settlement Digitally ASHWINI signed by ASHWINI JANARDAN Page 1 of 29 JANARDAN VALLAKATI VALLAKATI Date: 2025.04.03 April 2, 2025 11:29:54 +0530 J-911-CARBPL-7499-2025 -FINAL.doc Agreement”) executed between the Petitioner, Alphard Maritime Ltd. (“Alphard”), Respondent No. 1, Samson Maritime Ltd. (“ Samson”) and Respondent No. 2, Underwater Services Company Ltd. (“ Underwater”). 2. Respondent No. 3, J.M. Baxi Marine Services Private Limited (“ Baxi”) is an entity to which the entire shareholding in Underwater is sought to be transferred by Samson. Alphard contends that such transfer is violative of Samson’s commitments to Alphard under the Settlement Agreement, and therefore seeks temporary interdiction of such transfer pe