FLEXING IT SERVICES PRIVATE LIMITED & ANR. vs COLVYN JAMES HARRIS

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 19.03.2026 Judgment pronounced on: 06.04.2026 + O.M.P. (COMM) 111/2025, I.A. 5890/2025 (For Exemption) & I.A. 5891/2025 (For Stay) FLEXING IT SERVICES PRIVATE LIMITED & ANR. .....Petitioners Through: Mr. Essenese Obhan, Ms. Ashima Obhan and Ms. Anjuri Saxena, Advocates. versus COLVYN JAMES HARRIS .....Respondent Through: Mr. Tishampati Sen, Ms. Riddhi Sancheti and Mr. Anurag Anand, Advocates. + OMP (ENF.) (COMM.) 101/2025 & EX.APPL.(OS) 751/2025 (For Disclosure of assets by the JD No. 01 on affidavit) COLVYN JAMES HARRIS .....Decree Holder Through: Mr. Tishampati Sen, Ms. Riddhi Sancheti and Mr. Anurag Anand, Advocates. versus FLEXING IT SERVICES PRIVATE LIMITED & ANR. .....Judgement Debtors Through: Mr. Essenese Obhan, Ms. Ashima Obhan and Ms. Anjuri Saxena, Advocates. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR Signature Not Verified Digitally Signed By:NEERU O.M.P. (COMM) 111/2025 & OMP (ENF.) (COMM.) 101/2025 Signing Date:08.04.2026 Page 1 of 38 16:16:22 JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. The Objection Petition, being OMP. (COMM.) 111/20251, has been preferred under Section 34 of the Arbitration and Conciliation Act, 19962, by the Petitioners herein, assailing the Arbitral Award dated 18.12.20243 rendered by the learned three- member Arbitral Tribunal4, in the matter titled as Colvyn James Harris v. Flexing It Services Private Limited & Anr., to the limited extent of the findings contained in Paragraph Nos. 131(i) and 131(ii) thereof, whereby the claims of the Respondent have been held to be within limitation, and the Petitioners have been directed to convert the Respondent‟s Compulsorily Convertible Debentures5 into equity shares equivalent to 2% of the paid-up capital of Petit