One Mobikwik Systems Limited v. Dam Capital Advisors Limited & Ors

O R D E R %

21.11.2025

¶1The present petition has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 (hereinafter 'Act') seeking the following urgent reliefs: i. Pass an order of mandatory injunction directing the Respondent No. 1 and 2 to provide written instructions to the Respondent No. 3 to the release of Rs. 40,35,10,909/- in favour of the Petitioner, being the undisputed IPO expenses and IPO proceeds; and/or in the alternative; ii. Direct Respondent Nos. 3 to release from the Public Issue Account an amount of Rs. 41,84,38,860/- in favour of the Petitioner, being the undisputed IPO expenses and IPO proceeds

¶2The matter was listed before the Court on 14th August, 2025 when counsel appearing on behalf of the respondent no.1 took time to take This is a digitally signed order. O.M.P.(I) (COMM.) 321/2025

instructions.

¶3In the order passed on 26th August, 2025, it was recorded that a sum of Rs. 40,30,81,771/- has been released to the petitioner and for the remaining sum of Rs. 1,53,57,093/-, the parties were referred for mediation.

¶4Counsel for the parties submit that mediation proceedings have not been successful.

¶5In view of the above, no further orders are required to be passed in the present petition.

¶6It will be open for the parties to take steps, as may be permissible in law, for resolving the remaining disputes.

¶7The petition stands disposed of.

¶8All pending applications stand disposed of.

AMIT BANSAL, J NOVEMBER 21, 2025 at

This is a digitally signed order.

O.M.P.(I) (COMM.) 321/2025 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(I) (COMM.) 321/2025 with I.A. 19782/2025 ONE MOBIKWIK SYSTEMS LIMITED .....Petitioner Through: Mr. Sidharth Mahajan, Advocate. versus DAM CAPITAL ADVISORS LIMITED & ORS. .....Respondents Through: Mr. Subir Kumar, Senior Advocate with Mr. Varun Aggarwal, Ms. Vaishnavi Pawar, Ms. Ashita Aggarwal, Advocates for R-2. CORAM: HON'BLE MR. JUSTICE AMIT BANSAL