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1. The matter has been received on transfer.

2. The present petition has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter, referred to as the 'A&C Act').

3. Petitioner No.1 claims itself to be a company incorporated having its headquarter in Singapore while petitioner No.2 is an associate company based in Hong Kong. The petitioners are engaged in the business of developing and implementing software based solution by using its proprietary intellectual property for facilitating trading on financial trading market such as National Stock Exchange. Various trading algorithms have been developed by the petitioner through decades of experience using sophisticated mathematical models. The petitioners are responsible for running its algorithms in a responsible manner on its clients' servers. Petitioners claim that in the aforesaid business, the primary and most valuable assets is the software source codes containing the special 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 29/09/2023 at 21:12:19 mathematical formulae. It is further claimed that the functioning of these softwares is controlled by optimized configurations which alongwith the source code run the algorithms.

The respondent is directed to cooperate in the execution of the commission and for which purpose shall provide the passwords as may be needed to login to the computers.

9. The respondent is also restrained from directly or indirectly distributing, copying, transferring or dealing with the petitioners' proprietary information including source code, software, algorithms, data that may be in his possession in any manner whatsoever.