Vijay Jain & Ors vs Laxmi Foils Pvt Ltd

ik-165922552 Delhi High Court 17 February 2026 • 16 min read

Judges (1)

Counsel (8)

Akhil Ranganathan Counsel Petitioner Ashish Verma Counsel Petitioner Jayant Mehta Counsel Petitioner Lisa Sankrit Counsel Respondent Malvika Trivedi Counsel Respondent Pallav Arora Counsel Petitioner Saksham Thareja Counsel Petitioner Sanyam Khetarpal Counsel Respondent

Parties (2)

Laxmi Foils Pvt. Ltd. Respondent Vijay Jain Petitioner

Case Significance

Vijay Jain & Ors vs Laxmi Foils Pvt Ltd is a Delhi High Court decision dated February 17, 2026 (citation: ik-165922552). The petitioners, former shareholders of Laxmi Foils Pvt Ltd engaged in aluminium manufacturing, sought appointment of a sole arbitrator under Section 11(6) of the Arbitration Act for disputes arising from a Facilities Agreement dated 21.02.2022 regarding credit facilities and unsecured loans. The court appointed a sole arbitrator to adjudicate the disputes, subject to furnishing disclosures under Section 12(2). The arbitrator's fees were to be in accordance with the Fourth Schedule of the Act The case was heard by Justice Harish Vaidyanathan Shankar.

Summary

The petitioners, former shareholders of Laxmi Foils Pvt Ltd engaged in aluminium manufacturing, sought appointment of a sole arbitrator under Section 11(6) of the Arbitration Act for disputes arising from a Facilities Agreement dated 21.02.2022 regarding credit facilities and unsecured loans. The court appointed a sole arbitrator to adjudicate the disputes, subject to furnishing disclosures under Section 12(2). The arbitrator's fees were to be in accordance with the Fourth Schedule of the Act, with costs shared equally between the parties.

What was the outcome of Vijay Jain & Ors vs Laxmi Foils Pvt Ltd?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-165922552)