M/S VENUS INDIA ASSET-FINANCE PVT LTD v. AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED AND ANR
O.M.P.(I) (COMM.)/451/2024 · 2026-05-19
Harish Vaidyanathan Shankar
body2024
DailyLaw.ai
[ 2024 DAILYLAW 2874 (DEL) · dailylaw.ai ]
DailyLaw.ai
[ 2024 DAILYLAW 2874 (DEL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
$~12 to 14 * IN THE HIGH COURT OF DELHI AT NEW DELHI
O.M.P.(I) (COMM.) 434/2024, I.A. 49435/2024 (Stay), I.A. 281/2025 (U/O XXXIX Rule 4), I.A. 7659/2025 (Seeking discharge from representing R-2), I.A. 10847/2025 (Seeking vacation of the ad-interim order dt. 23.12.2024) & I.A. 11876/2026 (For substituting the applicant in place of ARKA Fincap Limited/petitioner Bank)
ARKA FINCAP LIMITED
.....Petitioner
Through:
versus
AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED & ANR.
.....Respondents Through: Mr. Malak Bhatt & Mr. Shreyansh Chopra, Advs. for Administrator of R-1. Mr. Pranjit Bhattacharya, Ms. Salonee Shukla & Ms. Shalini Singh, Advs. for R-2. Mr. Shikhar Kumar, Adv. in I.A. 11876/2026 13
O.M.P.(I) (COMM.) 437/2024, I.A. 49597/2024 (Ex.), I.A. 2/2025(Seeking attachment of Bank Account) & I.A. 7787/2025 (Seeking discharge from representing R-2)
M/S INCRED FINANCIAL SERVICES LTD .....Petitioner
Through: Mr. Puneet Bajaj, Adv.
versus
AVIOM INDIA HOUSING FINANCE PVT. LTD & ANR. .....Respondents Through: Mr. Malak Bhatt & Mr. Shreyansh Chopra, Advs. for Administrator of R-1. This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 22/05/2026 at 12:05:03
Mr. Pranjit Bhattacharya, Ms. Salonee Shukla & Ms. Shalini Singh, Advs. for R-2.
14 + O.M.P.(I) (COMM.) 451/2024, I.A. 254/2025 (U/O XXXIX Rule 4), I.A. 7783/2025 (Seeking discharge from representing R-2), I.A. 10868/2025 (Seeking vacation/ setting aside of the ad-interim order dt. 27.12.2024) & I.A. 14446/2025 (Dir.)
M/S VENUS INDIA ASSET-FINANCE PVT LTD .....Petitioner Through: Mr. Shilpinder Singh Sobti, Ms. Aishani Datta, Mr. Anshvendra Singh & Ms. Apoorva Agarwal, Advs.
versus
AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED AND ANR
.....Respondents Through: Mr. Malak Bhatt & Mr. Shreyansh Chopra, Advs. for Administrator of R-1. Mr. Pranjit Bhattacharya, Ms. Salonee Shukla & Ms. Shalini Singh, Advs. for R-2.
CORAM:
HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR
O R D E R %
19.05.2026
O.M.P.(I) (COMM.) 437/2024
1. The present Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeks certain interim reliefs.
2.
Learned counsel appearing for the Petitioner, on instructions, This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 22/05/2026 at 12:05:03
seeks the leave of this Court to withdraw the present Petition.
3. Leave, as sought for, is granted.
4. Accordingly, the present Petition, along with pending application(s), if any, stands dismissed as withdrawn.
O.M.P.(I) (COMM.) 451/2024
5. The present Petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeks certain interim reliefs.
6.
Learned counsel appearing for the Petitioner, on instructions, submits that a moratorium is presently operating as against the Respondent No. 1.
7. In view thereof, he seeks the leave of this Court to withdraw the present Petition with liberty to initiate such appropriate proceedings as may be permissible in law at the relevant point in time.
8. Leave and liberty, as sought for, are granted.
9. Accordingly, the present Petition, along with pending application(s), if any, stands dismissed as withdrawn.
O.M.P.(I) (COMM.) 434/2024
10. List on 20.05.2026.
HARISH VAIDYANATHAN SHANKAR, J. MAY 19, 2026/ v/va/m
This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 22/05/2026 at 12:05:03