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2026 Supreme(SC) 593

SANJAY KUMAR, K. VINOD CHANDRAN
Bhupesh Bhayana – Appellant
Versus
Kunal Seth – Respondent


Advocates appeared:
For the Petitioner(s) Mr. Tanmaya Mehta, Adv. Mr. Sandeep Singh, AOR
For the Respondent(s):Respondent-in-person

JUDGMENT :

SANJAY KUMAR, J.

1. Leave granted.

2. Arbitration proceedings dating back to September, 2012, culminated in cross appeals by both parties under Section 37 of the Arbitration and Conciliation Act, 1996.1 [hereinafter ‘the Arbitration Act’] The common judgment dated 27.09.2023 passed in the said appeals by a Division Bench of the Delhi High Court is presently under challenge by one of the parties.

3. By order dated 10.07.2024, this Court directed the appellants to deposit Rs.50,00,000/- before the High Court without prejudice to their rights and contentions. Disbursal of that amount to the respondents was made subject to the final outcome of these cases. On 05.12.2025, this Court stayed further proceedings in OMP (ENF)(COMM) No. 54 of 2024, the execution petition filed by the respondents before the Delhi High Court in relation to the arbitral award in question.

4. The genesis of this litigation is the agreement dated 09.04.2010 entered into by the father of appellant No. 1, late Sudershan Kumar Bhayana, and his mother, Kiran Bhayana, appellant No. 2, with late Vinod Seth, the father of respondent No. 1 and husband of respondent No. 2. This agreement entailed reconstruction of t

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