M/S RCC INFRAVENTURES LTD. & ORS. vs M/S. DMI FINANCE PVT. LTD. & ORS.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 29.01.2026 Judgment pronounced on: 12.02.2026 + ARB.P. 1379/2025 M/S RCC INFRAVENTURES LTD. & ORS. .....Petitioners Through: Ms. Amrita Panda, Mr. Ruchir Joshi and Mr. Shivang Berry, Advocates. versus M/S. DMI FINANCE PVT. LTD. & ORS. .....Respondents Through: Ms. Geeta Luthra, Senior Advocate with Mr. Nitin Saluja, Mr. Manas Agrawal, Ms. Kamakshi Gupta, Ms. Janvi Desai, Ms. Prashansika Thakur, Ms. Pranya Madan and Ms. Ishita Soni, Advocates for Respondent No. 1. Mr. Siddharth Khattar, Mr. Divij Andley and Mr. Gaurav Raj Sharma, Advocates for Respondent Nos. 2 & 3. + O.M.P. (T) (COMM.) 98/2025 RCC INFRAVENTURES LIMITED & ORS. .....Petitioners Through: Ms. Amrita Panda, Mr. Ruchir Joshi and Mr. Shivang Berry, Advocates. versus Signature Not Verified Digitally Signed By:HARVINDER KAUR ARB.P. 1379/2025 & connected matter Page 1 of 11 BHATIA Signing Date:16.02.2026 16:46:30 M/S. DMI FINANCE PVT. LTD. & ORS. .....Respondents Through: Ms. Geeta Luthra, Senior Advocate with Mr. Nitin Saluja, Mr. Manas Agrawal, Ms. Kamakshi Gupta, Ms. Janvi Desai, Ms. Prashansika Thakur, Ms. Pranya Madan and Ms. Ishita Soni, Advocates for Respondent No. 1. Mr. Siddharth Khattar, Mr. Divij Andley and Mr. Gaurav Raj Sharma, Advocates for Respondent Nos. 2 & 3. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. The Petition being O.M.P.(T)(COMM.) 98/20251 has been filed under Section 15 of the Arbitration and Conciliation Act, 19962, seeking the appointment of a substitute Sole Arbitrator. 2. The other Petition, being ARB.P. 1379/20253, filed under Section 11 of the Act, was instituted prior to the filing of the Section 15 Petition and seeks the appointment of an Arbitrator. 3. The