HERO FINCORP LIMITED vs BEST HAWK INFOSYSTEMS PRIVATE LTD & ORS.

Judgment text excerpt

$~37 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 09.03.2026 + O.M.P.(I) (COMM.) 406/2025 & I.A. 27734/2025 (For Early Hearing) HERO FINCORP LIMITED .....Petitioner Through: Mr. Harsh Sinha and Ms. Anushka Verma, Advocates versus BEST HAWK INFOSYSTEMS PRIVATE LTD & ORS. .....Respondents Through: Mr. Sandeep Sharma, Senior Advocate with Ms. Ridhima Goyal, Mr. Saif Uddin Khan and Ms. Kavya, 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) Pass appropriate orders directing the attachment of the bank accounts and the credit balance lying therein in respect of the bank accounts of Respondent No. 1/ BEST HA WK INFOSYSTEMS PRIVATE LTD., having PAN numnber AAECB3642C: 1 The Act Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA Signing Date:11.03.2026 O.M.P. (I) (COMM.) 406/2025 Page 1 of 9 16:55:59 S. Account Bank Account IFSC Code No. Number Name type 1. 92403003 AXIS Current UTIB00007 2263079 Bank 92 2. 49909283 HSBC Current HSBC0110 1001 Bank 007 (b) Permit the Petitioner to appropriate the credit balance in the bank accounts mentioned in clause (a) and adjust the credit balance against the dues in the Loan Account No. HFCNOIXCF00000222101; (c) Direct the Respondents to furnish alternate security in the form of FDR/ immoveable property/ etc. in the sum of 3,74,32,640.33, as on 15.09.2025 in the name of the Petitioner or deposit such security with this Hon'ble Court; (d) Pass ex-parte ad-interim orders in terms of prayers (a) to (c); and/ or (e) Pass such other or further order(s) as this Hon'ble Court may deem fit and proper in the facts an