$~4 * IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO(OS) (COMM) 53/2026, CM APPL. 15323/2026, CM APPL. 15324/2026 and CM APPL. 15325/2026 NATASHA OBEROI .....Appellant Through: Mr. Dayan Krishnan, Sr. Adv. with Ms. Amita Gupta, Ms. Surabhi Khattar, Ms. Ambika Mathur , Ms. Neharika and Mr. Shivansh, Advs. versus RAJARAMAN SHANKAR & ORS. .....Respondents Through: Mr. Akhil Sibal, Sr. Adv. with Mr. Aseem Chaturvedi, Mr. Aakash Bajaj, Mr. Shivank Diddi, Ms. Prerona Banerjee, Mr. Krishnesh Bapat, Mr. Adityaraj Patodia, Advs. for R- 2 and R-3. Mr. Swapnil Gupta, Mr. Aadil Singh Boparai, Ms. Shivambika Sinha, Ms. Nimita Kaul, Mr. Tarun Mishra, Mr. Harshit Gupta, Mr. Anuj Panwar, Mr. Abhijeet Chaudhary, Mr. Ronit Bose, Advs. for R-4. Mr. Rajiv Nayar, Sr. Adv. with Mr. Aman Gupta, Ms. Divya Gupta, Mr. Anup Kashyap, and Mr. Divyam Kandhari, Advs. for R-5. CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MS. JUSTICE SHAIL JAIN O R D E R % 10.07.2026 1. The present Appeal has been filed by the Appellant under Section 37(1)(b) of the Arbitration and Conciliation Act, 1996 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 14/07/2026 at 11:29:16 [hereinafter referred to as the “A&C Act”] seeking to challenge the Judgment dated 15.01.2026 [hereinafter referred to as the “Impugned Judgment”] passed by the learned Single Judge whereby the petition filed by the Appellant under Section 9 of the A&C Act was dismissed. 2. We have heard the submissions of learned counsel representing the parties at some length and perused the record. During the course of hearing on 09.07.2026, this Court suggested a course for disposal of the present Appeal, to which learned counsel for the parties have agreed. Accordingly, with the consent of the parties and without expressing any opinion on the merits of their rival contentions, the present Appeal is disposed of with the following directions: i. The findings and observations made in the Impugned judgment have been made solely in the context of a Petition under Section 9 of the A&C Act and are necessarily of limited import with no bearing on the rights, contentions or remedies available to the Parties at any stage of ensuing arbitral proceedings, if any. The observations shall not be construed as a final expression on merits and maintainability of proceedings under A&C Act. ii. The Appellant shall be at liberty to file a Petition under Section 11 of the A&C Act before the Court of competent jurisdiction. In the event such a Petition is preferred, or an Arbitral Tribunal is appointed, the concerned Court or Arbitral Tribunal shall proceed to consider it on its own merits without being influenced by, and without reference to, any observations and findings recorded in the Impugned Judgment. iii. The parties shall have liberty to file application under Section 17 of the A&C Act for interim relief, which shall be 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 14/07/2026 at 11:29:16 decided independently and in accordance with law, uninfluenced by the observations made by the learned Single Judge in the Impugned Judgment. 3. It is clarified that this Court has not expressed any opinion on the existence, validity, scope or enforceability of the arbitration agreement contained in Article 30A of the Articles of Association, or on the merits of the underlying disputes between the parties. All rights and contentions of the parties are kept open. 4. The present Appeal is disposed of in aforesaid terms. ANIL KSHETARPAL, J. SHAIL JAIN, J. JULY 10, 2026/sp/ad 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 14/07/2026 at 11:29:16