Indiabulls Housing Finance Ltd. vs Ambience Projects And Infrastructure ...

ik-81367846 Delhi High Court 23 December 2024 • 74 min read

Judges (1)

C. Hari Shankar Delivered

Counsel (12)

Adith Nair Counsel Petitioner Anirudh Bakhru Counsel Petitioner Ankit Banati Counsel Petitioner Anush Raajan Counsel Respondent G.S. Sachdeva Counsel Respondent Karan Bharihoke Counsel Petitioner Madhusudan Counsel Respondent Mallika Kamal Counsel Petitioner Naman Gowda Counsel Petitioner Nikhil Rathi Counsel Petitioner Pradyumn Yadav Counsel Respondent Rajeeve Mehra Counsel Respondent

Parties (4)

Ambience Private Ltd. Respondent Indiabulls Commercial Credit Ltd. Petitioner Indiabulls Housing Finance Limited Petitioner Surabhi Gehlot Respondent

Case Significance

Indiabulls Housing Finance Ltd. vs Ambience Projects And Infrastructure ... is a Delhi High Court decision dated December 23, 2024 (citation: ik-81367846). Indiabulls filed connected Section 9 petitions under the Arbitration and Conciliation Act seeking interim measures against Ambience group entities and promoter Surabhi Gehlot in a major real estate lending dispute. The Court granted interim protection including asset preservation orders to secure Indiabulls' claims pending institution of substantive arbitral proceedings, noting that the observations were for interim purposes only and would not influence the arbitral proceedings. The case was heard by Justice C. Hari Shankar.

Summary

Indiabulls filed connected Section 9 petitions under the Arbitration and Conciliation Act seeking interim measures against Ambience group entities and promoter Surabhi Gehlot in a major real estate lending dispute. The Court granted interim protection including asset preservation orders to secure Indiabulls' claims pending institution of substantive arbitral proceedings, noting that the observations were for interim purposes only and would not influence the arbitral proceedings.

What was the outcome of Indiabulls Housing Finance Ltd. vs Ambience Projects And Infrastructure ...?

Indiabulls filed connected Section 9 petitions under the Arbitration and Conciliation Act seeking interim measures against Ambience group entities and promoter Surabhi Gehlot in a major real estate le...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-81367846)