Bombay High Court
Tata Motors LimitedversusGeosphere Industries Pvt Ltd
- Decided
- Disposal
- DISPOSED OFF
Holding
The petition is disposed of, with the provision that it may be revived if the respondents fail to pay the agreed installments.
Summary
Tata Capital Limited filed a commercial arbitration petition alleging that Geosphere Industries Pvt Ltd and another respondent failed to pay the last two installments as per their agreement. The petitioner sought relief for the default. The court, after noting the petitioner's claim, disposed of the petition but stipulated that if the respondents continue to default, the petitioner may seek revival of the petition. No substantive hearing on the merits was conducted. The order effectively dismisses the petition pending any further default by the respondents.
Issues considered
- Whether the arbitration petition can be dismissed on the ground of respondents' non‑payment of agreed installments
Subjects
- Arbitration
- Installment payment
- Petition disposal
- Commercial division
- Non‑payment
Judgment
41-carbp-123-2025.doc
Vivekanand
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
Digitally
signed by
ORDINARY ORIGINAL CIVIL JURISDICTION
VIVEKANAND
VIVEKANAND RAJENDRA
RAJENDRA BONDE
IN ITS COMMERCIAL DIVISION
BONDE Date:
2026.09.23
17:10:39
+0530
COMM ARBITRATION PETITION NO. 123 OF 2025
Tata Capital Limited … Petitioner
V/s.
Geosphere Industries Pvt Ltd & Anr. … Respondents
Adv. Anosh Sequeira a/w Adv. Iraa Dube Patil i/b Jay &
Co., for the Petitioner.
Adv. Isha Porje i/b Adv. Akash Menon, for the
Respondents.
CORAM : AMIT BORKAR, J.
DATED : SEPTEMBER 23, 2026
P.C.:
1. The learned Advocate for the Petitioner states that the
Respondents have not paid last two installments as agreed by
them.
2. In that view of the above statement, the present Petition is
disposed of.
3. However, in the event the Respondents fail to pay the agreed
installments, it shall be open for Petitioner to seeks revival of the
present Petition.
4. The Petition stands disposed of accordingly.
(AMIT BORKAR, J.)
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