O.M.P.(I) (COMM.) 326/2026 p. 1 $~66 * IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010365962026 + O.M.P.(I) (COMM.) 326/2026 AXIS FINANCE LTD .....Petitioner Through: Mr. Ashish K. Singh, Mr. Aditya Sharan and Mr. Samrudhi Darakh, Advs. versus TANPREET SINGH & ORS. .....Respondents Through: Mr. Tarunjeet Singh Jolly, Mr. Vikas Duggal, Mr. Manpreet Singh Jolly, Mr. Devinder Singh and Ms. Poonam Kumari, Advs. CORAM: HON'BLE MR. JUSTICE OM PRAKASH SHUKLA ORDER(ORAL) % 13.10.2026 1. Service is sufficient. Mr. Tarunjeet Singh Jolly, learned Counsel has put in appearance on behalf of the Respondents. 2. Learned Counsel appearing on behalf of the Petitioner submits that they have already invoked arbitration and undertakes to complete the procedure for appointment of Arbitrator within the next 45 days. 3. The interim arrangement granted by this Court shall continue for the next 45 days. It is made clear that in case appropriate arbitral proceedings are not completed, the interim arrangement shall automatically stand vacated. O.M.P.(I) (COMM.) 326/2026 p. 2 4. Upon the constitution of the Arbitral Tribunal, the present petition filed under Section 9 of the Arbitration and Conciliation Act, 19961 shall stand treated as an application under Section 17 of the Act. 5. The present petition stands disposed of in the aforesaid terms. Pending application(s), if any, also stand disposed of. OM PRAKASH SHUKLA, J OCTOBER 13, 2026/gunn 1 “Act” hereinafter