IDFC FOUNDATION vs BHARAT TELEMATICS PRIVATE LIMITED

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 17.03.2026 + O.M.P.(I) (COMM.) 100/2026 IDFC FOUNDATION .....Petitioner Through: Mr. Angad Kochhar and Mr. Aditya Sarin, Advocates. versus BHARAT TELEMATICS PRIVATE LIMITED .....Respondent Through: Mr. Rakesh Kumar, Ms. Preeti Kashyap, Mr. Ankit Sharma, Mr. Sahil Chawla and Mr. Pulkit Mehrotra, 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 an ad-interim order restraining the Respondent, its directors, officers, representatives, agents and/or any person acting on its behalf, from creating or purporting to create any third party right, title, interest, or encumbrance in respect of 73,045 equity shares, constituting 50% of the issued, subscribed and paid-up share capital of Delhi Integrated Multi-Modal Transit System Limited (DIMTS), of which the Petitioner is the legal and beneficial owner; and 1 Act 2. The present disputes are stated to have arisen out of a Share Purchase Agreement dated 01.06.20232, which contains a