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Bombay High Court

Icici Bank Limited vs I-Pay Clearing Services Private ... on 1 November, 2018

Author: S.C. Gupte

Bench: S.C. Gupte

                                                                                                                                    nmcd550-16.doc

                    sg     
  
                            IN THE HIGH COURT OF JUDICATURE AT BOMBAY    

                            ORDINARY ORIGINAL CIVIL JURISDICTION

                     NOTICE OF MOTION NO.550 OF 2018
                                    IN
               COMMERCIAL ARBITRATION PETITION NO.190 OF 2018

               ICICI Bank Limited                         ...Applicant/Petitioner
                                    vs
               I-Pay Clearing Services Private Limited    ...Respondent
                                           WITH
                       NOTICE OF MOTION (L) NO.2456 OF 2018
                                             IN
                      COMMERCIAL ARBITRATION PETITION NO.190 OF 2018

               I-Pay Clearing Services Private Limited                                                     ...Applicant/ 
                                                                                                        Org. Respondent
               IN THE MATTER BETWEEN

               ICICI Bank Limited                               ...Petitioner
                                    vs
               I-Pay Clearing Services Private Limited          ...Respondent
                                                   .....
               Mr. Janak  Dwarkadas,  Senior   Counsel,  a/w. Mr.  Cyrus Bharucha,  Ms.
               Sanaya Dadachanji and Mr. S.J. Kakadia, i/b. Manilal Kher Ambalal &
               Co, for the Petitioner.

               Mr.   Gaurav   Joshi,   Senior   Advocate,   a/w.   Mr.   Sagar   Ghogre,   i/b.   Mr.
               Sagar Kasar, for the Respondent.
                                                      ......
                                             CORAM :  S.C. GUPTE, J.

DATED: 1 NOVEMBER, 2018 P.C. :

. After learned Counsel for the parties are heard at some length, this Court is of the view that the notice of motion taken out by Pg 1 of 2 ::: Uploaded on - 02/11/2018 ::: Downloaded on - 03/11/2018 01:42:28 ::: nmcd550-16.doc the Respondent under Section 34(4) of the Arbitration and Conciliation Act, 1996 is so intricately connected with the ground of challenge in the arbitration petition that it will require a fuller and longer hearing. Since the Court is pressed for time, today being the second last day of the term, the petition, along with the Respondent's motion, may come up on 4 December 2018 at 3.00 p.m. ( S.C. GUPTE, J. ) Pg 2 of 2 ::: Uploaded on - 02/11/2018 ::: Downloaded on - 03/11/2018 01:42:28 :::