Bombay High Court

L and T Finance LimitedversusTushar Satyavijay Heda

Decided: 10 September 2026
Disposal: DISPOSED OFF

Holding

The Court held that the earlier interim reliefs remain in force and the petitioner must constitute the arbitral tribunal within ninety days.

Summary

L&T Finance Limited filed an arbitration petition against Tushar Satyavijay Heda and another respondent. The respondents, despite being served, failed to appear before the Court. The petition sought interim reliefs, which had previously been granted in orders dated 5 May 2026 and 30 July 2026. The Court confirmed that those interim reliefs would continue to operate during the pendency of the arbitral proceedings. It directed the petitioner to constitute the arbitral tribunal within ninety days from the date of the order and disposed of the petition accordingly.

Issues considered

Whether the interim reliefs granted earlier should continue to operate pending the arbitral proceedings
Whether the petitioner must constitute the arbitral tribunal within a specified period

Subjects

Arbitration
Interim relief
Non-appearance
Arbitral tribunal constitution
High Court

Judgment

                                                                                 63-arbp360-2026.doc


                      AGK
                               IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                                   ORDINARY ORIGINAL CIVIL JURISDICTION

                                    ARBITRATION PETITION NO. 360 OF 2026

                      L & T Finance Limited                         … Petitioner
                                 V/s.
                      Tushar Satyavijay Heda & Anr.                 … Respondents
ATUL
GANESH
KULKARNI
Digitally signed by
ATUL GANESH
KULKARNI              Mr. Narayan Awate a/w Ms. Anjali Devi, for Petitioner.
Date: 2026.09.10
17:44:25 +0530



                                                   CORAM      : AMIT BORKAR, J.

                                                   DATED      : SEPTEMBER 10, 2026
                      P.C.:

                      1.      Despite service, the Respondents fail to appear.

                      2.      For the reasons stated in the orders dated 5 May 2026 and
                      30 July 2026, the ad-interim reliefs granted in terms of prayer
                      clauses (c), (e), and (i) stands confirmed. The said reliefs shall
                      continue to operate during the pendency of the arbitral
                      proceedings.

                      3.      The petitioner shall initiate steps to constitute Arbitral
                      Tribunal within period of 90 days from today.

                      4.      The arbitration petition stands disposed of in above terms.


                                                                     (AMIT BORKAR, J.)




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