DAY1 ADVISORS PRIVATE LIMITED AND ORS vs CATALYST TRUSTEESHIP LIMITED AND ORS

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2025 Supreme(Online)(Del) 7331

IN THE HIGH COURT OF DELHI AT NEW DELHI
SUBRAMONIUM PRASAD, J
DAY1 ADVISORS PRIVATE LIMITED AND ORS – Appellant
Versus
CATALYST TRUSTEESHIP LIMITED AND ORS – Respondent

Advocates:
For the Appellants/Petitioners: Mr. J Sai Deepak, Mr. Debarshi Dutta, Mr. Trinath Tadakammla, Mr. Rajat Pradhan, Mr. Arjun Mookerjee, Mr. Shivam Tiwari, Ms. Mahima Tayal
For the Respondents:Mr. Rajiv Nayyar, Senior Advocate, Mr. Vivek Shetty, Dr. Abhimanyu Chopra, Ms. Harsha Uppal, Mr. Dhaval Vora, Mr. Kushagra Jain, Mr. Saurabh Seth, Ms. Sumeera Seth, Ms. Neelampreet Kaur, Mr. Abhiroop Rathore, Mr. Kabir Dev, Mr. Sukhvir, Mr. Rajat Malhotra, Mr. Abhishek Swaroop, Mr. Aditya V Singh, Ms. Shreya Chandhoke, Mr. Prathameah Agarwal, Ms. Mashu Singh

Table of Content
1. urgent petition for preservation of shares (Para 1 , 2)
2. alleged events of default and notice (Para 3 , 10 , 11)
3. court's considerations on financial conditions (Para 20 , 25)
4. final ruling to dispose the petition and appoint arbitrator (Para 26 , 30)

SUBRAMONIUM PRASAD, J.

I.A. 26522/2025 (Exemption)

Allowed, subject to all just exceptions.

O.M.P.(I) (COMM.) 446/2025

1. The present petition has filed seeking urgent interim reliefs under Section 9 of the Arbitration and Conciliation Act, 1996 to preserve and protect movable properties in the form of dematerialized share in a Public Limited Company, i.e., B9 Beverages Limited/Respondent No. 4, held by the Petitioners.

2. The said shares were pledged by the Petitioners to the Respondent No. 2 in terms of the Amended and Restated Debenture Trust Deed dated 11.08.2025 and the Amended and Restated Deed of Pledge dated 11.08.2025.

3. Shorn of unnecessary details, the facts of the case are that a Debenture Trust Agreement and a Debenture Trust Deed was executed between the Petitioner and Respondent No.1 with respect to 12,500 secured, unrated, unlisted, and non-convertible debentures, each varying a face value of Rs. 1,00

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2025 Supreme(Online)(Del) 7331

IN THE HIGH COURT OF DELHI AT NEW DELHISUBRAMONIUM PRASAD, JDAY1 ADVISORS PRIVATE LIMITED AND ORS – AppellantVersusCATALYST TRUSTEESHIP LIMITED AND ORS – Respondent

IN THE HIGH COURT OF DELHI AT NEW DELHI
SUBRAMONIUM PRASAD, J
DAY1 ADVISORS PRIVATE LIMITED AND ORS – Appellant
Versus
CATALYST TRUSTEESHIP LIMITED AND ORS – Respondent