OBEROI REALTY LIMITED vs ATUL PROJECTS INDIA PRIVATE LIMITED

Judgment text excerpt

CARBP-35274-2024=IA=F.docx IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMMERCIAL ARBITRATION PETITION (L) NO. 35274 OF 2024 Digitally signed by SHRADDHA SHRADDHA KAMLESH KAMLESH TALEKAR Atul Projects India Pvt. Ltd. …Petitioner TALEKAR Date: 2025.07.23 Versus 15:52:20 +0530 1. Nima Developers Private Limited 2. India Farmers Private Limited … Respondents WITH INTERIM APPLICATION (L) NO. 1461 OF 2025 [FOR INTERVENTION] IN COMMERCIAL ARBITRATION PETITION (L) NO. 35274 OF 2024 Oberoi Realty Limited ... Applicant / Intervenor In the matter between : Atul Projects India Private Limited ... Petitioner Versus Nima Developers Private Limited & Anr. ... Respondents Mr. P. Chidambaram, Senior Advocate a/w Dinyar Madon, Senior Advocate, Cyrus Ardeshir, Senior Advocate, Kausar Banatwala, Ziyad Madon, Manini Roy, Neuty N. Thakkar, Vaishali Dedhia, Nisha Waghmare, Dipsy Sequiera, i/b Tushar Goradia, for Petitioner. Mr. Aspi Chinoy, Senior Advocate a/w, Mr. Rohaan Cama a/w Pheroze Mehta, Krishna Balaji Moorthy, Bhakti Mehta, Letishiya Chaturvedi, i/b Wadia Gandhi & Co., for Applicant. Mr. Darius Khambata, Senior Advocate, a/w Karl Tamboly, Karan Rukhana, Deeksha Jani, Niket Jani, i/b Jani & Parikh, for Respondents. CORAM : SOMASEKHAR SUNDARESAN, J. Reserved on : March 17, 2025 Pronounced on : July 23, 2025 Page 1 of 70 July 23, 2025 Shraddha CARBP-35274-2024=IA=F.docx JUDGEMENT : Context and Factual Background: 1. This Petition is an appeal filed under Section 37 of the Arbitration and Conciliation Act, 1996 (“the Act”) impugning an Order dated October 24, 2024 (“Impugned Order”) passed by the Learned Arbitral Tribunal refusing to grant interlocutory relief to the Petitioner. 2. The Petitioner, Atul Projects India Pvt. Ltd