Parsvnath Developers Limited & Ors vs Asset Reconstruction Company India ...

ik-97755348 Delhi High Court 19 February 2026 • 47 min read

Judges (1)

Jasmeet Singh Delivered

Counsel (12)

Arpit Dwivedi Counsel Petitioner Dayan Krishnan Counsel Respondent Karan Luthra Counsel Respondent Karan Rajpurohit Counsel Petitioner Manoranjan Sharma Counsel Petitioner Meghna Mishra Counsel Respondent Rajat Joneja Counsel Petitioner Rajiv Nayar Counsel Respondent Sakshi Kapoor Counsel Petitioner Shubham Madaan Counsel Respondent Siddharth Joshi Counsel Respondent Ujjwala Gupta Counsel Respondent

Parties (3)

Asset Reconstruction Company India Limited Respondent Noida Marketing Private Limited Petitioner Parsvnath Developers Limited Petitioner

Case Significance

Parsvnath Developers Limited & Ors vs Asset Reconstruction Company India ... is a Delhi High Court decision dated February 19, 2026 (citation: ik-97755348). Parsvnath Developers sought interim measures under Section 9 of the Arbitration Act, including an anti-suit injunction to restrain ARCIL from pursuing SARFAESI proceedings, claiming the existence of an arbitration agreement. The court dismissed the petitions, finding that Parsvnath failed to establish even a prima facie case for the existence of an arbitration agreement with ARCIL, and vacated the interim order previously granted. The case was heard by Justice Jasmeet Singh.

Summary

Parsvnath Developers sought interim measures under Section 9 of the Arbitration Act, including an anti-suit injunction to restrain ARCIL from pursuing SARFAESI proceedings, claiming the existence of an arbitration agreement. The court dismissed the petitions, finding that Parsvnath failed to establish even a prima facie case for the existence of an arbitration agreement with ARCIL, and vacated the interim order previously granted.

What was the outcome of Parsvnath Developers Limited & Ors vs Asset Reconstruction Company India ...?

Parsvnath Developers sought interim measures under Section 9 of the Arbitration Act, including an anti-suit injunction to restrain ARCIL from pursuing SARFAESI proceedings, claiming the existence of a...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-97755348)