CARS24 SERVICES PRIVATE LTD vs DREAMS CAR

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 09.03.2026 + O.M.P.(I) (COMM.) 490/2025 & I.A. 2071/2026 (For appointment of a Court Receiver/LC) CARS24 SERVICES PRIVATE LTD .....Petitioner Through: Mr. Gauhar Mirza, Mr. Kaveesh Nair and Ms. Karshana Agarwal, Advocates. versus DREAMS CAR .....Respondent Through: Ms. Harneet Kaur, Advocate. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) HARISH VAIDYANATHAN SHANKAR, J. O.M.P.(I) (COMM.) 490/2025 1. The present Petition has been filed under Section 9 of the Arbitration and Conciliation Act, 19961 seeking the following reliefs: “….. a. Pass an ad-interim and interim order restraining the Respondent, their directors, servants, officers, agents, or anyone acting on their behalf, from selling, alienating, encumbering, or creating any third- party interest in the inventory detailed in Document 3. b. Pass an ad-interim and interim mandatory injunction directing the Respondent, their agents, employees, or anyone acting on their behalf, to forthwith deliver the physical possession of the said 1 The Act 2. Learned counsel for the parties, on instructions, submit that they are ad idem that the matter may be