2026:BHC-OS:2073 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION (L.) NO. 36533 OF 2025 WITH COMMERCIAL ARBITRATION APPLICATION (L.) NO. 37280 OF 2025 ISON Builders LLP ….. PETITIONER/

APPLICANT : VERSUS :

Om Sai Ram Cooperative Housing Society (Proposed) & Ors. …. RESPONDENTS Mr. Karl Tamboly with Mr. Rohan Savant, Mr. Chirag Sarawagi and Mr. Yash Sinha i/by. Tushar Goradia, for the Petitioner-Applicant.

Mr. Prateek Seksaria, Senior Advocate with Mr. Rohit Agarwal, Mr. Nishant Chothani and Mr. Yash S. Jain, for Respondent Nos.3 to 22.

Ms. Pooja Yadav i/b. Ms. Komal Punjabi, for MCGM-Respondent No.2.

Mr. Santosh Nachnekar, AO, (I/C) Estate Present.

CORAM : SANDEEP V. MARNE, J.

JUDGMENT RESD. ON : 13 JANUARY 2026. JUDGMENT PRON. ON : 23 JANUARY 2026.

JUDGMENT:

1) Petitioner-Developer has filed Commercial Arbitration Petition (L) No. 36533 of 2025 seeking interim measures under Sections 9 of the Arbitration and Conciliation Act, 1996 (Arbitration Act) seeking stay on termination notice dated 25 October 2025 by which the First Respondent-

Society has terminated the Development Agreement executed by it in favour of the Petitioner. P