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

Judgment text excerpt

$~10 * 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 Signature Not Verified Digitally Signed By:HARVINDER KAUR O.M.P.(I) (COMM.) 88/2026 Page 1 of 6 BHATIA Signing Date:11.05.2026 20:24:43 under the supervision of this Hon’ble Court, all amounts received or receivable by them from the commercial exploitation of the League, including any consideration paid or payable under the impugned arrangement between Respondent No. 1 and Respondent No. 2, pending arbitration. c) Pass an order in the nature of an ex-parte ad-interim/interim nature restraining the Respondent No. 1 and/or Respondent No. 2 (or any of their directors/ officers/ employees/ representatives as well as any third party(ies) acting through Respondent no. I and/or 2, from creating any third-party rights, transferring, assigning or otherwise deali