Indo Spirits vs Pernod Ricard India Pvt Ltd And Ors

ik-185453588 Delhi High Court 18 February 2026 • 40 min read

Judges (1)

Harish Vaidyanathan Shankar Delivered

Counsel (15)

Aseem Atwal Counsel Respondent Harneet Singh Counsel Respondent Himanshu Chaubey Counsel Appellant Karan Khanuja Counsel Respondent Kunal Khanuja Counsel Respondent Lihzu Shiney Konyak Counsel Appellant Manish Kumar Sharma Counsel Respondent Nitesh Rana Counsel Respondent Raj Kamal Counsel Respondent Raksha Tripathy Counsel Respondent Siddharth Garg Counsel Appellant Srajan Yadav Counsel Appellant Srijan Sinha Counsel Appellant Suhail Dutt Counsel Respondent Trisha Garimala Counsel Appellant

Parties (3)

Indo Spirits Appellant Pernod Ricard India Pvt Ltd Respondent Sameer Mahandru Appellant

Case Significance

Indo Spirits vs Pernod Ricard India Pvt Ltd And Ors is a Delhi High Court decision dated February 18, 2026 (citation: ik-185453588). Connected arbitration appeals were filed by Indo Spirits and Sameer Mahandru under Section 37(2)(b) of the Arbitration Act challenging an arbitrator's order restraining them from alienating or encumbering their assets during the pendency of arbitral proceedings with Pernod Ricard India. The court held that the blanket asset freeze order could not be sustained in law and set it aside, finding it lacked the specificity and justification required for such interim measures. However, the court uph The case was heard by Justice Harish Vaidyanathan Shankar.

Summary

Connected arbitration appeals were filed by Indo Spirits and Sameer Mahandru under Section 37(2)(b) of the Arbitration Act challenging an arbitrator's order restraining them from alienating or encumbering their assets during the pendency of arbitral proceedings with Pernod Ricard India. The court held that the blanket asset freeze order could not be sustained in law and set it aside, finding it lacked the specificity and justification required for such interim measures. However, the court upheld the direction requiring the appellants to furnish a list of their assets and liabilities, but in a sealed cover before the arbitrator.

What was the outcome of Indo Spirits vs Pernod Ricard India Pvt Ltd And Ors?

Connected arbitration appeals were filed by Indo Spirits and Sameer Mahandru under Section 37(2)(b) of the Arbitration Act challenging an arbitrator's order restraining them from alienating or encumbe...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-185453588)