T.A. REALTECH PVT. LTD. vs AMIT AGRAWAL & ORS.

Judgment text excerpt

$~44 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 06.04.2026 + O.M.P.(I) (COMM.) 147/2026 & I.A. 9159/2026 (For Exemption) T.A. REALTECH PVT. LTD. .....Petitioner Through: Mr. Rakesh K. Khanna, Senior Advocate along with Mr. Rahul Sharma, Ms. Alka Agrawal, Mr. Yuvraj Sharma, Ms. Shruti Agrawal and Ms. Arushi Jindal, Advocates. versus AMIT AGRAWAL & ORS. .....Respondents Through: Mr. Nalin Kohli, Senior Advocate along with Mr. Vinit Trehan, Ms. Urvi Syal, Mr. Yash Srivastava, Ms. Bhumi Agarwal and Mr. Ayuushman Aroraa, 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 Respondent No. 1, Respondent Nos. 2 and 3, their 1 Act Signature Not Verified Digitally Signed By:NEERU O.M.P. (I) (COMM) 147/2026 Signing Date:08.04.2026 Page 1 of 5 18:24:30 directors, agents, assigns or any person claiming through or under them, from selling, transferring, alienating, encumbering, parting with possession of, or creating any third-party rights in respect of the land bearing Khasra No. 1251 (ka) and 1252 (ka), Tehsil Mohan Lal Ganj, Lucknow, save and except strictly in accordance with the procedure b) and mechanism prescribed under Clause 2.3.2 of the Memorandum of Understanding dated 07.01.2025, pending commencement and conclusion of arbitral proceedings; and/or c) Direct the Respondents to maintain status quo with respect to title, possession, nature and character of the subject land during the pendency of arbitral proceedings; d) Grant ad-interim ex parte relief in terms of prayers (a) and (b) above in view of the imminent threat of further alienation; e) Pas