Sanjeev Malhotra vs Sbi Global Factors Ltd

ik-74976489 Bombay High Court 23 December 2025 • 54 min read

Judges (1)

Counsel (12)

Ashish Mehta Counsel Respondent Cherag Balsara Counsel Respondent Dhananjay Nagarkar Counsel Petitioner Haresh Jagtiani Counsel Petitioner Harshad Shingnapurkar Counsel Petitioner Jovita Pareira Counsel Respondent Mahesh Ayar Counsel Respondent Pranay Kamdar Counsel Petitioner Pushpvijay Kanoji Counsel Petitioner Raj Kakde Counsel Respondent Ritwik Kulkarni Counsel Petitioner V.N. Shingnapurkar Counsel Petitioner

Parties (2)

SBI Global Factors Ltd. Respondent Sanjeev Malhotra Petitioner

Case Significance

Sanjeev Malhotra vs Sbi Global Factors Ltd is a Bombay High Court decision dated December 23, 2025 (citation: ik-74976489). Sanjeev Malhotra challenged an arbitral award under Section 34 of the Arbitration Act that directed him to pay Rs 28.16 crore on domestic factoring facility and Rs 15.29 crore on reverse factoring facility to SBI Global Factors, both with 18% interest from April 2011. The Court found all four grounds of challenge (including non-decision of applications and jurisdictional objections) baseless, characterizing the petition as another attempt to avoid liability. The petition was dismissed without The case was heard by Justice Sandeep V. Marne.

Summary

Sanjeev Malhotra challenged an arbitral award under Section 34 of the Arbitration Act that directed him to pay Rs 28.16 crore on domestic factoring facility and Rs 15.29 crore on reverse factoring facility to SBI Global Factors, both with 18% interest from April 2011. The Court found all four grounds of challenge (including non-decision of applications and jurisdictional objections) baseless, characterizing the petition as another attempt to avoid liability. The petition was dismissed without further costs.

What was the outcome of Sanjeev Malhotra vs Sbi Global Factors Ltd?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-74976489)