L T FINANCE LTD vs AMIT KUMAR & ORS.

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