GLOBALBEES BRANDS PRIVATE LIMITED vs ASHUTOSH GARG AND ORS

Judgment text excerpt

$~29 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 16.04.2026 + O.M.P.(I) (COMM.) 435/2025, I.A. 29057/2025 (Delay of 11 days in filing the reply by R-1 to R-3), I.A. 10405/2026 (For Leave to filed and bring on record addl. Documents) & I.A. 10406/2026 (For Exemption from filing a signed and notarized affidavit) GLOBALBEES BRANDS PRIVATE LIMITED .....Petitioner Through: Mr. Jayant Mehta, Senior Advocate with Mr. Mayank Mishra, Mr. Kunwar Surya Pratap and Ms. Mansvini Jain, Advocates versus ASHUTOSH GARG AND ORS ....Respondents Through: Mr. Samudra Sarangi, Ms.Shruti Raina, Ms. Riya Kalra, Mr. Paritosh Tengshe and Ms. Yoshita Sood, Advocates CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) HARISH VAIDYANATHAN SHANKAR, J. 1. The present Petition has been filed under Section 9 of the Arbitration and Conciliation Act, 19961, seeking the following reliefs: “a) Restrain the Respondent Nos. 1 to 3, jointly and severally, from selling, transferring, pledging, assigning or otherwise encumbering any shares or creating any third-party interest in their 8054 equity shares (26% of the paid-up and subscribed capital) in Respondent 1 Act Signature Not Verified Digitally Signed O.M.P.(I) (COMM.) 435/2025 Page 1 of 5 By:VARNIKA Signing Date:17.04.2026 16:27:03 No. 4 company, either pursuant to the impugned “Default Drag Along Rights” notice dated 26.09.2025 or otherwise pending final resolution of the disputes by arbitration, and direct the Respondents to maintain status quo of the capital structure of Respondent No. 4; b) Direct the Respondent Nos. 1 to 3 to deposit a sum of INR 23,10,00,000 (Rupees Twenty-Three Crores and Ten Lakhs only) with this Hon’ble Court or furnish adequate security to the satisfaction of this Hon’ble Court, as a measure