DAY1 ADVISORS PRIVATE LIMITED AND ORS vs CATALYST TRUSTEESHIP LIMITED AND ORS

Judgment text excerpt

$~90 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 30th OCTOBER, 2025 IN THE MATTER OF: + O.M.P.(I) (COMM.) 446/2025 DAY1 ADVISORS PRIVATE LIMITED AND ORS .....Petitioner Through: Mr. J Sai Deepak, Mr. Debarshi Dutta, Mr. Trinath Tadakammla, Mr. Rajat Pradhan, Mr. Arjun Mookerjee, Mr. Shivam Tiwari, Ms. Mahima Tayal, Advocates versus CATALYST TRUSTEESHIP LIMITED AND ORS .....Respondents Through: Mr. Rajiv Nayyar, Senior Advocate Mr. Vivek Shetty, Dr. Abhimanyu Chopra, Ms. Harsha Uppal, Mr. Dhaval Vora, Mr. Kushagra Jain, Advocates for R-1 Mr. Saurabh Seth, Ms. Sumeera Seth, Ms. Neelampreet Kaur, Mr. Abhiroop Rathore, Mr. Kabir Dev, Mr. Sukhvir, Advocates for R-2 Mr. Rajat Malhotra, Mr. Abhishek Swaroop, Mr. Aditya V Singh, Ms. Shreya Chandhoke, Mr. Prathameah Agarwal, Ms. Mashu Singh, Advocates for R-4 CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD Signature Not Verified Digitally Signed By:HARIOM SINGH KIRMOLIYA O.M.P.(I) (COMM.) 446/2025 Page 1 of 15 Signing Date:31.10.2025 20:02:02 JUDGMENT (ORAL) SUBRAMONIUM PRASAD, J. I.A. 26522/2025 (Exemption) Allowed, subject to all just exceptions. O.M.P.(I) (COMM.) 446/2025 1. The present petition has filed seeking urgent interim reliefs under Section 9 of the Arbitration and Conciliation Act, 1996 to preserve and protect movable properties in the form of dematerialized share in a Public Limited Company, i.e., B9 Beverages Limited/Respondent No. 4, held by the Petitioners. 2. The said shares were pledged by the Petitioners to the Respondent No. 2 in terms of the Amended and Restated Debenture Trust Deed dated 11.08.2025 and the Amended and Restated Deed of Pledge dated 11.08.2025. 3. Shorn of unnecessary details, the facts of the case are that a Debenture Trust Agreement and a Debenture Trust Deed was executed bet