HIMANSHU SHEKHAR vs PRABHAT SHEKHAR

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 25.03.2026 Judgment pronounced on: 06.04.2026 + O.M.P. (T) (COMM.) 121/2025, I.A. 30696/2025 & I.A. 279/2026 HIMANSHU SHEKHAR .....Petitioner Through: Mr. Manish Vashisht, Sr. Adv with Mr. Rajeev Ahuja, Mr. Harshit Ahuja and Mr. Shikhar Bansal, Advs. versus PRABHAT SHEKHAR .....Respondent Through: Mr. Sandeep Sethi, Sr. Adv. with Mr. Ravi Prakash, Ms. Nupur Singh, Ms. Riya Kumar, Ms. Shreya Sethi &Mr. Krishna Gembheer, Advs. CORAM: HON'BLE MR. JUSTICE AVNEESH JHINGAN JUDGMENT 1. The petition is filed under Section 14 read with Section 12(5) of the Arbitration and Conciliation Act, 1996 (for short „the Act‟) for termination of the mandate and substitution of the arbitrator. 2. The relevant facts are that the petitioner and the respondent entered into an understanding on 04.10.2021 for resolving disputes pertaining to reconciliation, scrutiny and settlement of accounts of the parties by arbitration. The name of the sole arbitrator was mutually agreed by the parties. The parties to the lis are brothers engaged in a family jewellery business carried under the name of „Manohar Lal 2.1 The petitioner earlier filed a petiti