L T FINANCE LTD vs AMIT KUMAR & ORS.

Judgment text excerpt

$~16 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 19.05.2026 + O.M.P.(I) (COMM.) 83/2026 & I.A. 5688/2026 L T FINANCE LTD .....Petitioner Through: Mr. Nitin Dahiya, Mr. Ravinder Choudhary and Mr. Muzammil, Advocates versus AMIT KUMAR & ORS. ....Respondents Through: Mr. Santosh Kumar and Mr. Pinku Singh, Advocates for R-1 CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) 1. The present Petition under Section 9 of the Arbitration and Conciliation Act, 1996 [“Act”], read with Section 151 of the Civil Procedural Code, 1908, seeks the following reliefs: “a. Direct the Respondents to deposit a sum of Rs. 2,03,41,003.55/( Rupees Two Crores Three Lakhs Forty One Thousand Three and Fifty Five Paise Only) alongwith interest@ 11.65% p.a. has become due and payable as of 04.02.2026 with further overdue charges from 04.02.2026 with the Petitioner or in this Hon'ble Court to secure the Petitioner's claim And; b. Appoint Court Receiver, High Court, Delhi be appointed as a Receiver under Order XL Rule 1 of C.P.C. in respect of mortgaged property bearing 28/3, Onda Raja Lane Kolkata, Tangka, Kolkata, West Bengal-700015 with a direction to take Possession of the said Assets without giving notice of their visit to the Respondents and for that purpose, this Hon'ble Court be pleased to direct the Signature Not Verified Digitally Signed O.M.P.(I) (COMM.) 83/2026 Page 1 of 6 By:HARVINDER KAUR BHATIA Signing Date:20.05.2026 19:34:11 Concerned Police Station to render Police Assistance for the purpose of taking possession of the said Assets and hand it over to the Petitioner and Petitioner be allowed to sale the same by private treaty the said Assets And; c. Restrain the Respondents and its respective servants and agents be restrained by an order and injun