M/S. PARAMOUNT BEARING AND INDUSTRIAL PRODUCTS & ORS. vs AB SKF & ORS.

IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO(OS) (COMM) 181/2025, CM APPLs. 70032/2025, 70033/2025 & 70034/2025 M/S. PARAMOUNT BEARING AND INDUSTRIAL PRODUCTS & ORS. .....Appellants Through: Mr. Uttam Datt, Sr. Adv. with Mr. Abhishek Mishra, Ms. Sonakshi Singh and Mr. Kumar Bhaskar, Advs. versus AB SKF & ORS. .....Respondents Through: Mr. Saif Khan, Adv. CORAM: HON'BLE MR. JUSTICE C. HARI SHANKAR HON'BLE MR. JUSTICE OM PRAKASH SHUKLA ORDER (ORAL) % 11.11.2025 C. HARI SHANKAR, J. 1. Mr. Uttam Datt, learned Senior Counsel appearing for the appellants restricted his challenge in this appeal to the orders dated 10 September 2025, 10 October 2025 and 16 October 2025 passed by the learned Single Judge to the extent they have directed freezing of his bank accounts. 2. He submits that the direction for freezing of bank accounts is in the nature of an order under Order XXXVIII Rule 5 of the CPC which is not supported with the requisite reasoning. 3. Having heard learned Counsel for both sides, with consent of parties, we dispose of this appeal by setting aside the impugned orders dated 10 September 2025, 10 October 2025 and 16 October 2025 to the extent they direct freezing of the appellan