Securitrans India Private Limited vs Fis Payment Solutions And Services ...

ik-42282338 Bombay High Court 23 December 2025 • 95 min read

Judges (1)

Sandeep V. Marne Delivered

Counsel (12)

AZB & Partners Firm J. Sagar Associates Firm Ahsan Allana Counsel Petitioner Avantika Kadapatti Counsel Petitioner Chandini Sahni Counsel Respondent Hormuz Mehta Counsel Petitioner Raghav Seth Counsel Respondent Samridhi Lodha Counsel Petitioner Sharan Jagtiani Counsel Petitioner Soli Cooper Counsel Respondent Tushad Kakalia Counsel Petitioner Yohann Cooper Counsel Respondent

Parties (2)

FIS Payment Solutions And Services Private Limited Respondent Securitrans India Private Limited Petitioner

Case Significance

Securitrans India Private Limited vs Fis Payment Solutions And Services ... is a Bombay High Court decision dated December 23, 2025 (citation: ik-42282338). Securitrans India (SIPL), an ATM cash replenishment services company, challenged an arbitral award under Section 34 that awarded Rs.25.05 crore to SIPL but also Rs.23.26 crore to FIS for losses caused by employee fraud during cash-in-transit operations. The Court dismissed the petition, finding the Arbitral Tribunal's award was unexceptionable and SIPL was correctly held vicariously liable for its employees' fraudulent activities, though SIPL itself had no intention to commit fraud and was no The case was heard by Justice Sandeep V. Marne.

Summary

Securitrans India (SIPL), an ATM cash replenishment services company, challenged an arbitral award under Section 34 that awarded Rs.25.05 crore to SIPL but also Rs.23.26 crore to FIS for losses caused by employee fraud during cash-in-transit operations. The Court dismissed the petition, finding the Arbitral Tribunal's award was unexceptionable and SIPL was correctly held vicariously liable for its employees' fraudulent activities, though SIPL itself had no intention to commit fraud and was not a beneficiary. No costs were awarded given both parties succeeded on their respective claims.

What was the outcome of Securitrans India Private Limited vs Fis Payment Solutions And Services ...?

Securitrans India (SIPL), an ATM cash replenishment services company, challenged an arbitral award under Section 34 that awarded Rs.25.05 crore to SIPL but also Rs.23.26 crore to FIS for losses caused...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-42282338)