Gsba Builders Pvt Ltd v. Delhi Development Authority & Anr

O R D E R %

18.08.2026

¶1The present petition under Section 9 of the Arbitration & Conciliation Act, 1996 (hereinafter "the A&C Act") has been filed by the petitioner seeking that the respondents be restrained from encashing/invoking the four Bank Guarantees submitted by the petitioner to the respondent no. 1.

¶2After some hearing, it is agreed that if the Bank Guarantees submitted by the petitioner vide order dated 08.07.2026 are sought to be invoked by the respondent no. 1, at least 5 working days notice shall be given by the respondents to the petitioner.

¶3It is noticed that an Arbitral Tribunal has already been constituted to adjudicate the dispute between the parties in ARB.P. 1452/2026. In the event of an application under Section 17 of the A&C Act being filed before This is a digitally signed order. the learned Sole Arbitrator, the same shall be decided without being influenced by the ad-interim orders passed in these proceedings.

¶4Needless to say, the same shall be subject to the legal rights and remedies of the parties; all rights and contentions of the petitioner are reserved.

¶5The present petition stands disposed of in the above terms.

SACHIN DATTA, J AUGUST 18, 2026/at/nb

This is a digitally signed order.

* IN THE HIGH COURT OF DELHI AT NEW DELHI # CNR No. DLHC010282742026 + O.M.P.(I) (COMM.) 262/2026 GSBA BUILDERS PVT LTD .....Petitioner Through: Mr. J. Sai Deepak, Sr. Adv. alongwith Mr. Ravi Kapoor, Mr. Rishav and Ms. Aditi Singhal, Advocates. versus DELHI DEVELOPMENT AUTHORITY & ANR. .....Respondents Through: Mr. Ramesh Singh, Sr. Adv. alongwith Ms. Prabhsahay Kuar, SC for DDA alongwith Mr. Aditya Verma, Mr. Siddhant M, Advocates And Mr. Durga Prasad (AE, DDA) CORAM: HON'BLE MR. JUSTICE SACHIN DATTA