RADHEY LAL GUPTA & ORS. vs GALAXY HEALTHCARE & ORS.

Judgment text excerpt

$~35 & 36 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 09.03.2026 + O.M.P.(I) (COMM.) 155/2025 & I.A. 5590/2026 (recalling of orders) RADHEY LAL GUPTA & ORS. .....Petitioners Through: Mr. Shadan Farasat, Senior Advocate along with Mr. Kaustubh Chaturvedi, Mr. Arkaprava Dass, Mr. Harshit Anand and Mr. Parvez Alam Khan, Advocates. versus GALAXY HEALTHCARE & ORS. .....Respondents Through: Mr. Deepak Aggarwal, Mr. Aditya Raghav Bundela and Mr. Abhishek Chauhan, Advocates. 36 + O.M.P.(I) (COMM.) 156/2025 & I.A. 11207/2025 (Ex. From filing original and colour copies of the documents and pleading) RADHEY LAL GUPTA .....Petitioner Through: Mr. Shadan Farasat, Senior Advocate along with Mr. Kaustubh Chaturvedi, Mr. Arkaprava Dass, Mr. Harshit Anand and Mr. Parvez Alam Khan, Advocates. versus GALAXY HEALTHCARE & ORS. .....Respondents Through: Mr. Deepak Aggarwal, Mr. Aditya Raghav Bundela and Mr. Abhishek Chauhan, Advocates. Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA Signing Date:11.03.2026 O.M.P. (I) (COMM.) 155/2025 & connected matter Page 1 of 3 16:46:13 CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) HARISH VAIDYANATHAN SHANKAR, J. 1. The Petitions being O.M.P.(I) (COMM.) 155/2025 and O.M.P.(I) (COMM.) 156/2025 [“present Petitions”] have been filed under Section 9 of the Arbitration and Conciliation Act, 1996 [“Act”] read with Section 151 of the Code of Civil Procedure, 1908, seeking interim measures, inter alia, to deposit the the due amounts and directions to prevent alienation and preservation of movabale and immovable properties of the Respondents, before the invocation of Arbitration proceedings. 2. Learned counsel for Petitioner draws the attention of this Court to the Loan Agreement dated 14.12.2017 in O.M.