Blue Coast Infrastructure Development Pvt. Ltd. vs Blue Coast Hotels Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

DELHI HIGH COURT
JYOTI SINGH
Blue Coast Infrastructure Development Pvt. Ltd. – Appellant
Versus
Blue Coast Hotels Ltd. – Respondent

Table of Content
1. petitioner's claims based on financial agreements and obligations. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13)
2. arguments regarding obligations and assurances. (Para 14 , 15 , 16 , 17 , 18 , 19 , 21 , 22 , 23)
3. court's analysis on jurisdiction and applicability under section 9. (Para 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36)
4. the petition is dismissed. (Para 37)

JUDGMENT

1. Present petition has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the `Act') seeking interim directions for securing the money lying with Respondent No. 2 from the sale proceeds of the auction of the hotel in Goa, earlier owned by Respondent No. 1, in favour of the Petitioner. The prayers in the petition are as under:

"a. Direct the Respondent No. 2 to deposit the amount as stated in its letter dated 06.02.2019 along with interest accrued thereon as on date with the Registry of this Hon'ble Court and not disburse any part thereof to the Respondent No. 1;

b. Alternatively, direct the Respondent No. 2 not to release the amounts lying with it into the account of the Respondent No. 1 or otherwise, wi

Click Here to Read the rest of this document

DELHI HIGH COURTJYOTI SINGHBlue Coast Infrastructure Development Pvt. Ltd. – AppellantVersusBlue Coast Hotels Ltd. – Respondent

DELHI HIGH COURT
JYOTI SINGH
Blue Coast Infrastructure Development Pvt. Ltd. – Appellant
Versus
Blue Coast Hotels Ltd. – Respondent