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2022 Supreme(Del) 2192

YASHWANT VARMA
Fermina Developers Private Limited – Appellant
Versus
Indiabulls Housing Finance Limited – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Mr. Sandeep Sethi and Mr. Ashish Dholakia, Sr. Advs. with Ms. Padmaja Kaul, Mr. Yugank Goel, Ms. Tanya Manglik, Mr. Arpit Kumar, Mr. Kushagra Shah and Mr. Vansh Bhutani, Advs.
For the Respondent: Mr. Rajiv Nayar and Mr. Jayant Mehta, Sr. Advs. with Mr. Rishi Agrawala, Mr. Ankit Banati and Mr. Shravan Niranjan, Advs.

Table of Content
1. petitions filed under section 9 of the arbitration act. (Para 1)
2. common facts in the petitions used for brevity. (Para 2)
3. loan history and securities documented in loan agreements. (Para 3)
4. ots terms and payments made before recalls claimed. (Para 4 , 5)
5. notices issued is a significant procedural step. (Para 6)
6. arguments on maintainability and default determinations. (Para 7 , 8 , 9)
7. court's analysis of jurisdiction under rdb and sarfaesi. (Para 10 , 11 , 12 , 13 , 14)
8. examination of statutory provisions affecting civil court jurisdiction. (Para 15 , 16 , 17 , 18 , 19 , 20)
9. non-arbitrability principles restated by supreme court. (Para 21 , 22 , 23 , 24 , 25 , 26)
10. supreme court’s recognition of civil court roles in debt challenges. (Para 27 , 29 , 30 , 31)
11. comparison between rdb and sarfaesi provisions. (Para 32 , 33 , 34 , 35 , 36)
12. judicial interpretations on jurisdictional overlaps. (Para 37 , 38 , 39 , 40)
13. limitations of civil court jurisdiction over secured debts. (Para 41 , 42 , 43)
14. petitioner’s obligations versus respondent's actions examined. (Para 44 , 45 , 46)
15. legal assessment of issues raised by petitioners. (Para 47 , 4

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