JUDGMENT

1. Present petition has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the `Act.) seeking directions to restrain the Respondent and/or any person claiming through and/or under it, from selling/transferring/alienating and/or encumbering and/or creating any third party rights in respect of the shares of Petitioner Nos. 1 to 5, pledged in favour of the Respondent as security for a loan taken by Petitioner No. 1.

2. Case as set out by the Petitioners is that Petitioner No. 1 is a Limited Liability Partnership Firm engaged inter alia in the business of investment including advisory services in wealth management. Petitioner Nos. 2 to 4 have resigned from the Partnership Firm on 31.01.2020 and currently Petitioner Nos. 5 & 6 are partners of Petitioner No. 1. Respondent is a duly incorporated and registered Non-Banking Finance Company.

3. Vide a Sanction Letter dated 28.08.2019, Respondent sanctioned a LAS Facility for an additional amount of Rs.100,00,00,000/- in favour of Petitioners. Petitioner No. 1 already had a sanctioned loan in its favour to the tune of Rs.250,00,00,000/- and, therefore, as on 28.08.2019 the total