# THE VAISH COOPERATIVE ADARSH BANK LIMITED vs UNION BANK OF INDIA & ORS.

Court: Delhi High Court
Date: 2026-05-08
Citation: ARB.P.-392/2026 2026:DHC:4083
Petitioner: THE VAISH COOPERATIVE ADARSH BANK LIMITED
Respondent: UNION BANK OF INDIA & ORS.

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/68008052026AA3922026_201249.pdf)

## Judgment text (excerpt)

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 08.05.2026 ARB.P. 392/2026 & I.A. 5801/2026 (For Delay 02 days in re- filing the petition) THE VAISH COOPERATIVE ADARSH BANK LIMITED .....Petitioner Through: Mr. Ravi Data, Mr. Rajesh Sharma and Mr. Karan Mehta, Advocates. versus UNION BANK OF INDIA & ORS. .....Respondents Through: Mr. Samarendra Kumar, Mr. Madhurendra Kumar, Mr. Nitin, Ms. Nisha, Ms. Soumya and Ms. Kajal, Advocates for Respondent No. 1. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) 1. The present Petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 19961, read with Section 11 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest, 20022, seeking the appointment of a Sole Arbitrator to adjudicate the disputes that are stated to have arisen inter se the parties. 2. In view of the fact that two financial institutions namely the 1 A&C Act 2 SARFAESI Act 3. The learned counsel appearing for the parties, jointly and on instructions, submit that they are ad idem that the present dispute be referred to arbitration. 4. Material on record indicates that the valuati

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