LALIT TEKCHANDANI +1 moreVsPOONAWALLA HOUSING FINANCE LIMITED

Order Details: COPY OF ORDER
Pdf Text: 37
OMP (COMM.) 88/25
LALIT TEKCHANDANI Vs. POONAWALLA HOUSING
FINANCE LIMITED
18.02.2026
Present: Sh. M.Z. Khan, Ld.proxy counsel for the petitioner.
Sh. Mukul Bhimani, Ld. counsel for respondent
through VC
Reply to the petition is not filed despite directions
contained in order dated 19.11.2025. It is submitted by Ld.
Counsel for the respondent that he has already filed it but the
same has not been received in the court till date.
Let the same be filed today itself during the course
of the day.
Ld. Counsel for the petitioner is directed to collect
copy of the same from the court.
Be put up for arguments on the petition on
29.07.2026.
(Sanjay Khanagwal)
District Judge (Commercial Court)-02
Patiala House Courts / 18.02.2026
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Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: 11 OMP (COMM.) 88/25
Lalit Tekchandani Vs. Poonawalla Housing Finance Limited
19.11.2025
Present: Ms. Aanchal, Ld. Counsel for petitioner
Mr. Mukul Bhimani, Counsel for the respondent
no.1 through VC
Mr. R.K.Dhawan, respondent no.2/Ld. Arbitrator
through VC
Respondent no.2 submits that he has already
submitted the entire arbitral record in the Court. At this stage,
respondent no.2 further submits that his name may be deleted
from the array of respondents because he was appointed as
Arbitrator by the Hon’ble High Court, and after concluding
proceedings, he has already passed the award which has been
challenged, to which Ld. Counsel for petitioner has strongly
opposed. However, it would be considered on NDOH.
Ld. counsel for respondent no.1 seeks some time to file
reply. Let the same be filed within 30 days, with advance copy to
petitioner.
List the matter for arguments, on 18.02.2026.
(Bhupesh Kumar)
District Judge (Commercial Court)-02
Patiala House Courts, New Delhi/19.11.2025
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Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: 8
OMP (COMM.) 88/25
Lalit Tekchandani Vs. Poonawalla Housing Finance Limited
10.09.2025
Present: Sh. Imran Ali, Counsel for the petitioner.
Respondent no. 1 is served on 20.08.2025.
Sh. Mukul Bhimani, Counsel for the respondent
no. 1 has appeared through VC. He submits that he will file the
Vakalanama and reply within stipulated time.
The respondent no. 2 is served on 02.09.2025. He
has made a report “already deposited in the Court”. It appears
that the notice was issued to the respondent no. 2 to produce the
complete arbitral record, while respondent no. 2 has been made a
party by the petitioner against the impugned award. Further, even
no arbitral record has been deposited with this Court.
Let fresh notice of the petition be issued to the
respondent no. 2 on filing PF through all permissible modes,
returnable for 19.11.2025.
(Balwant Rai Bansal)
District Judge (Commercial Court)-02
Patiala House Courts, New Delhi.
10.09.2025
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Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: OMP (COMM) 88/25
Lalit Tekchandani & Anr. vs. Poonawala Housing Finance Ltd. &
Anr.
02.07.2025
Fresh petition under Section 34 of the Arbitration &
Conciliation Act, 1996 received on random allocation. It be
checked and registered.
Present: Ms. Aanchal, Counsel for the petitioners through
VC.
Petition is admitted subject to just exceptions.
Issue notice of the petition to the respondents by all
permissible modes including e-mode on taking requisite steps, as
also subject to filing of soft copy of complete paper book in PDF
format by the petitioners, returnable for next date. Steps be taken
within a week.
Affidavit of service be filed on the next date.
Further, arbitral record be also requisitioned on
taking steps by the petitioners, for next date.
Put up for awaiting arbitral record and service of
respondents on 10.09.2025.
(Balwant Rai Bansal)
District Judge (Commercial Court)-02
Patiala House Courts, New Delhi.
02.07.2025
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Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: 22
OMP (COMM.)/88/2025
DLND010046602025
LALIT TEKCHANDANI Vs.
POONAWALLA HOUSING FINANCE LIMITED
29.07.2026
Present: Sh. Imran Ali, Ms. Pragya Mishra and Sh. M.Z Khan,
Ld. Counsel for the Petitioner.
Part arguments heard.
Be put up for further arguments on 15.09.2026.
Sanjay Khanagwal
District Judge (Commercial Court)-02
Patiala House Court, New Delhi
29.07.2026
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Order Details: COPY OF ORDER
Pdf Text: 37
OMP (COMM.) 88/25
LALIT TEKCHANDANI Vs. POONAWALLA HOUSING
FINANCE LIMITED
18.02.2026
Present: Sh. M.Z. Khan, Ld.proxy counsel for the petitioner.
Sh. Mukul Bhimani, Ld. counsel for respondent
through VC
Reply to the petition is not filed despite directions
contained in order dated 19.11.2025. It is submitted by Ld.
Counsel for the respondent that he has already filed it but the
same has not been received in the court till date.
Let the same be filed today itself during the course
of the day.
Ld. Counsel for the petitioner is directed to collect
copy of the same from the court.
Be put up for arguments on the petition on
29.07.2026.
(Sanjay Khanagwal)
District Judge (Commercial Court)-02
Patiala House Courts / 18.02.2026
-- 1 of 1 --

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: 11 OMP (COMM.) 88/25
Lalit Tekchandani Vs. Poonawalla Housing Finance Limited
19.11.2025
Present: Ms. Aanchal, Ld. Counsel for petitioner
Mr. Mukul Bhimani, Counsel for the respondent
no.1 through VC
Mr. R.K.Dhawan, respondent no.2/Ld. Arbitrator
through VC
Respondent no.2 submits that he has already
submitted the entire arbitral record in the Court. At this stage,
respondent no.2 further submits that his name may be deleted
from the array of respondents because he was appointed as
Arbitrator by the Hon’ble High Court, and after concluding
proceedings, he has already passed the award which has been
challenged, to which Ld. Counsel for petitioner has strongly
opposed. However, it would be considered on NDOH.
Ld. counsel for respondent no.1 seeks some time to file
reply. Let the same be filed within 30 days, with advance copy to
petitioner.
List the matter for arguments, on 18.02.2026.
(Bhupesh Kumar)
District Judge (Commercial Court)-02
Patiala House Courts, New Delhi/19.11.2025
-- 1 of 1 --

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: 8
OMP (COMM.) 88/25
Lalit Tekchandani Vs. Poonawalla Housing Finance Limited
10.09.2025
Present: Sh. Imran Ali, Counsel for the petitioner.
Respondent no. 1 is served on 20.08.2025.
Sh. Mukul Bhimani, Counsel for the respondent
no. 1 has appeared through VC. He submits that he will file the
Vakalanama and reply within stipulated time.
The respondent no. 2 is served on 02.09.2025. He
has made a report “already deposited in the Court”. It appears
that the notice was issued to the respondent no. 2 to produce the
complete arbitral record, while respondent no. 2 has been made a
party by the petitioner against the impugned award. Further, even
no arbitral record has been deposited with this Court.
Let fresh notice of the petition be issued to the
respondent no. 2 on filing PF through all permissible modes,
returnable for 19.11.2025.
(Balwant Rai Bansal)
District Judge (Commercial Court)-02
Patiala House Courts, New Delhi.
10.09.2025
-- 1 of 1 --

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: OMP (COMM) 88/25
Lalit Tekchandani & Anr. vs. Poonawala Housing Finance Ltd. &
Anr.
02.07.2025
Fresh petition under Section 34 of the Arbitration &
Conciliation Act, 1996 received on random allocation. It be
checked and registered.
Present: Ms. Aanchal, Counsel for the petitioners through
VC.
Petition is admitted subject to just exceptions.
Issue notice of the petition to the respondents by all
permissible modes including e-mode on taking requisite steps, as
also subject to filing of soft copy of complete paper book in PDF
format by the petitioners, returnable for next date. Steps be taken
within a week.
Affidavit of service be filed on the next date.
Further, arbitral record be also requisitioned on
taking steps by the petitioners, for next date.
Put up for awaiting arbitral record and service of
respondents on 10.09.2025.
(Balwant Rai Bansal)
District Judge (Commercial Court)-02
Patiala House Courts, New Delhi.
02.07.2025
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