BLUEFIRE INFOTAX CONSULTANCY PVT LTD & ORS. vs ANS INFRATECH PVT LTD

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on : 23.01.2025 Pronounced on : 10.03.2025 + ARB. A. (COMM.) 67/2024, IA 48911/2024 BLUEFIRE INFOTAX CONSULTANCY PVT LTD & ORS. .....Petitioners Through: Mr. Praveen Kumar, Mr. Sarthak Gupta, Mr. Amolak Singh, Ms. Chahat Gupta and Mr. Nishil Kaushik, Advocates(M:9999099325) versus ANS INFRATECH PVT LTD .....Respondent Through: Mr. Sandeep Agarwal, Senior Advocate with Mr. Sushil Aggarwal, Mr. Siddhant Jain and Ms. Tanya Chanda, Advocates. CORAM: HON'BLE MR. JUSTICE MANOJ KUMAR OHRI JUDGMENT 1. The present appeal filed under Section 37(2)(b) of the Arbitration & Conciliation Act, 1996 (hereafter, “A&C Act”), read with Section 13 of the Commercial Courts Act, 2015, impugns order dated 14.11.2024 passed by the Arbitral Tribunal (hereafter, “AT”) allowing application filed under Section 17 of the A&C Act by the Respondent/Claimant. 2. Appellant No 1 is a Company of which Appellant Nos. 2 and 3 are shareholders, holding 99 % and 1% equity shares therein, respectively. 3. Apparently, the disputes pertain to a Share Purchase Agreement dated 16.04.2024 (hereafter, „SPA‟) executed by the Appellants and Respondent, whereby Appellant Nos. 2