JIOSTAR INDIA PVT. LTD. vs MS ABSOLUTE LEGENDS SPORTS PRIVATE LIMITED & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 08.05.2026 + O.M.P.(I) (COMM.) 88/2026, I.A. 6052/2026 (For ad-interim relief) & I.A. 6053/2026 (For Exemption.) JIOSTAR INDIA PVT. LTD. .....Petitioner Through: Ms. Aanchal Tandon, Ms. Niti Jain and Mr. Nitai Agarwal, Advocates. versus MS ABSOLUTE LEGENDS SPORTS PRIVATE LIMITED & ANR. .....Respondents Through: Mr. Arjun Syal and Mr. Jimut Baran Mohapatra, Advocates for R-1. Mr. Neeraj J Vasu and Ms. Pakhi, Advocates for R-2. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGMENT (ORAL) HARISH VAIDYANATHAN SHANKAR, J. 1. The present Petition has been instituted under Section 9 of the Arbitration and Conciliation Act, 19961 seeking the following reliefs: “a) Pass an order directing Respondent No. 1 to deposit a sum of Rs. 3,59,14,775/- before this Hon’ble court, or furnish security of equivalent value, pending arbitration. b) Pass an order directing Respondent No 1 and Respondent No 2 to deposit before this Hon’ble Court, in a escrow account 1 Act 2. The present disputes are stated to arise out of the Media Rights Agreement dated 16.09.2024, read conjointly with the Airtime Sale Agreement dated 18.09.2024, both of