NEENA MALHOTRA & ANR. vs SPLENDOR BUILDWELL PVT. LTD & ANR.

Judgment text excerpt

$-60 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 803/2025 Date of Decision: 19.11.2025 IN THE MATTER OF: 1. NEENA MALHOTRA W/O ABHIMANYOU MALHOTRA R/O HOUSE NO. 6/87, W.E.A. PADAM SINGH ROAD, KAROL BAGH NEW DELHI-110005 ........PETITIONER NO.1 2. ABHIMANYOU MALHOTRA S/O LATE ANAND PRAKASH MALHOTRA R/O HOUSE NO. 6/87, W.E.A. PADAM SINGH ROAD, KAROL BAGH NEW DELHI-110005 ........PETITIONER NO.2 Through: Mr.Siddhant Asthana and Mr.Siddhartha Negi, Advocates. Versus 1. SPLENDOR BUILDWELL PVT. LTD SPLENDOR FORUM, FIFTH FLOOR, PLOT N0.3, JASOLA DISTRICT CENTRE NEW DELHI-110025 .... RESPONDENT NO.1 2. ISHAYU BUILDERS AND DEVELOPERS PVT. LTD. 131, FIRST FLOOR, SPLENDOR FORUM, PLOT N0.3, JASOLA DISTRICT CENTRE NEW DELHI -110025. ...... RESPONDENT NO.2 Signature Not Verified Signature Not Verified Signed By:NEHA CHOPRA Signed Signing Date:28.11.2025 By:PURUSHAINDRA 16:25:54 1 KUMAR KAURAV Through: Mr.Sarthak Gupta, Advocate. HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) I.A. 28743/2025 (filed on behalf of the petitioners for corrections/modifications of the judgment dated 27.08.2025) 1. Since, the order dated 27.08.2025 has been recalled vide order dated 18.11.2025, the application has rendered infructuous. 2. The same is accordingly disposed of. ARB.P. 803/2025 1. The present petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 (the 1996 Act) by the petitioner, seeking appointment of an Arbitrator, to adjudicate upon the disputes that have arisen between the parties under the Memorandum of Understanding (MoU) dated 10.10.2016. 2. The facts of the case show that the petitioners, Mr. Abhimanyu Malhotra and another, were induced by the respondents to purchase a commercial IT/ITES unit admeasu