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

ik-57110539 Bombay High Court 23 December 2025 • 95 min read

Judges (1)

Sandeep V. Marne Delivered

Counsel (9)

AZB & Partners Firm J. Sagar Associates Firm 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-57110539). Section 34 arbitration petition challenging an award where the sole arbitrator awarded Rs.25.06 crore to SIPL (petitioner) and Rs.23.26 crore to FIS (respondent) arising from ATM cash replenishment services. SIPL sought to invalidate the Rs.23.26 crore award in favour of FIS, which was based on vicarious liability for employee fraud in cash handling. The Court found no patent illegality in the arbitrator's reasoning on vicarious liability and dismissed the petition, noting SIPL was not found The case was heard by Justice Sandeep V. Marne.

Summary

Section 34 arbitration petition challenging an award where the sole arbitrator awarded Rs.25.06 crore to SIPL (petitioner) and Rs.23.26 crore to FIS (respondent) arising from ATM cash replenishment services. SIPL sought to invalidate the Rs.23.26 crore award in favour of FIS, which was based on vicarious liability for employee fraud in cash handling. The Court found no patent illegality in the arbitrator's reasoning on vicarious liability and dismissed the petition, noting SIPL was not found to be the beneficiary of the fraud. No costs awarded.

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

Section 34 arbitration petition challenging an award where the sole arbitrator awarded Rs.25.06 crore to SIPL (petitioner) and Rs.23.26 crore to FIS (respondent) arising from ATM cash replenishment se...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-57110539)