Aditya Birla Housing Finance Limited vs Axis Bank Ltd

Judgment text excerpt

Neeta Sawant CARBP-104-2025 JUDGMENT.docx IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO. 104 OF 2025 Aditya Birla Housing Finance Ltd. …..PETITIONER : VERSUS : Axis Bank Limited & Ors. ….RESPONDENTS Digitally signed by NEETA NEETA SHAILESH Ms. Megha Gupta with Ms. Lavanita Chityala and Ms. Pranjali Khemnar SHAILESH SAWANT SAWANT Date: i/b. Hedgehog & Fox LLP,for the Petitioner. 2026.01.20 09:01:59 +0530 Mr. Cyrus Ardeshir, Senior Advocate with Mr. Rushil Mathur, Mr. Aadil Parsurampuria, Mr. Yash Pitroda, Ms. Amrita Natrajan and Mr. Smit Solanki i/b. Mr. Mayur Shetty c/o. Kocchar & Co., for Respondent No.1. Mr. Sarfaraz Shaikh i/b. Mr. Rishi Kapoor and Mr. Ankur G. for Respondent Nos.2 to 5. CORAM : SANDEEP V. MARNE, J. JUDGMENT RESD. ON : 6 JANUARY 2026. JUDGMENT PRON. ON : 19 JANUARY 2026. JUDGMENT : 1) This is a petition filed under Section 9 of the Arbitration and Conciliation Act, 1996 (Arbitration Act) seeking interim measures before commencement of arbitral proceedings. Petitioner seeks a direction against Respondent No.1-Axis Bank to handover title deeds of the subject property to it during pendency of hearing and final disposal of arbitral proceedings between the parties. 2) Petitioner is a private limited company engaged in the business of housing finance. Respondent No.1 is a banking company doing business under the Banking Regulation Act, 1949. Respondent Nos. 2 to 5 _____________________________________________________________________________ PAGE NO. 1 of 18 19 JANUARY 2026 Neeta Sawant CARBP-104-2025 JUDGMENT.docx are the borrowers, who had availed credit facilities in the form of cash credit (CC) and overdraft (OD) facility from Respondent No.1. The borrowers approached the Petitioner on