JUDGMENT

Manmeet Pritam Singh Arora, J. (Oral)

CM(M) 1637/2023 and CM APPL. 51693/2023 (stay)

1. This petition filed under Article 227 of Constitution of India impugns the order dated 27.09.2023 passed by the District Judge, Commercial Court-05, Central District, Tis Hazari Courts, Delhi (`Executing Court') in Execution (COMM) No. 206/2023, titled as "Mr. Rahul Bansal v. Scholar Alley Pvt. Ltd.", whereby arrest warrants were issued against the directors of the Petitioner.

2. The learned counsel for the Petitioner states that in terms of the statement made before this Court on 05.10.2023, the Petitioner herein has deposited the composite amount of Rs.1.43 crores comprising of the principal and interest, before the Executing Court.

2.1. He states that in this petition, the Petitioner is seeking a limited relief to the effect that the release of the said amount by the Executing Court to the Respondent be stayed until the interim application filed by the Petitioner before the concerned Commercial Court District Judge (Commercial Court-01)/SE/Saket/ND hearing the objection petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 is decided. He states that the matter is l