BAJAJ FINANCE LIMITED vs SEETHA KUMARI

* IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 27th FEBRUARY, 2025 IN THE MATTER OF: + O.M.P. (COMM) 170/2024 & I.A. 8480/2024 BAJAJ FINANCE LIMITED .....Petitioner Through: Ms. Surabhi Lal, Mr. Rachit Bansal, Advocates versus SEETHA KUMARI .....Respondent Through: Mr. Pawan Upadhyay, Mr. Rishab Khare, Mr. Varun Sharma, Advs. CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD JUDGMENT 1. The challenge in the present petition under Section 34 of the Arbitration & Conciliation Act, 1996 ("Arbitration Act") is to an Award dated 20.02.2024 (hereinafter referred to as the impugned award) passed in favour of the Respondent, whereby the Respondent was awarded a sum of Rs.28 crores along with interest of Rs.5,34,83,836/- and legal expenses of Rs.30,00,000/-. 2. The Petitioner, Bajaj Finance Ltd., is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). The Petitioner is engaged in the business of lending and financing, including offering Loan Against Securities (LAS) to individuals and entities. 3. The Respondent, Seetha Kumari, is an Indian citizen and stock trader who availed a loan facility from the Petitioner under a Loan Against Securities Agr