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IN THE HIGH COURT OF DELHI
C. Hari Shankar, J.
Sandeep Garg - Appellant
Versus
Renu Proptech Private Limited - Respondent
O.M.P. (E) (COMM.) 8 of 2021
Decided On : 23-09-2021
The court confirmed the obligation of a Resolution Professional under insolvency proceedings to participate in arbitration and present relevant records as mandated by Section 27 of the Arbitration and Conciliation Act.
Headnote:(A) Arbitration and Conciliation Act, 1996 - Section 27 - Petition filed for directing a Resolution Professional to attend arbitration proceedings regarding disputes between parties - Court ordered the Resolution Professional to appear with relevant records during specified dates. (Para 1)
Facts of the case:
The petition urges the appointment of Mr. Vikas Kumar Garg, the Resolution Professional in insolvency proceedings of M/s Inex Developers Private Limited, to be present for arbitration discussions.
Findings of Court:
The court directed the Resolution Professional to attend arbitration with the necessary documentation.
Issues: The central issue was the necessity of the Resolution Professional's involvement in ongoing arbitration proceedings.
Ratio Decidendi: The court affirmed the necessity for the Resolution Professional to present records pertinent to the arbitration, highlighting the process under Section 27 of the Arbitration and Conciliation Act.
Result: Petition disposed of accordingly.
| Table of Content |
|---|
| 1. direction for arbitration proceedings under the 1996 act. (Para 1) |
| 2. petition disposed of. (Para 2) |
ORDER (Oral)
(Video-Conferencing)
1. This is a petition under Section 27 of the Arbitration and Conciliation Act, 1996 ("the 1996 Act" in short), for a direction to Mr. Vikas Kumar Garg, Resolution Professional, appointed by the National Company Law Tribunal, in insolvency proceedings pending against M/s Inex Developers Private Limited, to appear in the proceedings for arbitration of disputes between the parties, along with the records of the relevant CIRP, between 15th October, 2021 and 16th October, 2021, at 4:30 p.m. Mr. Vikas Kumar Garg, is accordingly so directed.
2. The petition stands disposed of accordingly.
