Case Details

  • Case name: Ambience Projects and Infrastructure Private Limited vs Sammaan Capital Limited (Special Leave to Appeal (C) No. 18347‑18348/2026; also SLP(C) No. 18350‑18351/2026 (XIV)).
  • Court/Authority: Supreme Court of India.
  • Judges: Hon'ble Mr. Justice Aravind Kumar, Hon'ble Mr. Justice Prasanna B. Varale.
  • Hearing date: 21‑05‑2026.
  • Related arbitration: ARB.P No. 1501/2024, DIAC No. 10367/2/2025; final judgment and order dated 12‑02‑2025.
  • Interim Applications (IA): IA No. 115594/2026, IA No. 115595/2026 (condonation of delay & exemption from filing C/C of impugned judgment); IA No. 115641/2026, IA No. 115643/2026 (similar relief).

Parties Involved

  • Petitioner: Ambience Projects and Infrastructure Private Limited.
  • Respondent: Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited).
  • Petitioner’s counsel: Sr. Adv. Kapil Sibal, P. K. Agrawal, Malak Manish Bhatt (AOR), Abhik Chimni, Akshay Chitkara, Samridhi, Sanjoli Gupta, Darpan Jain, Prithviraj Dey.
  • Respondent’s counsel: Sr. Adv. Rakesh Dwivedi, Dr. A. M. Singhvi (Sr. Adv.), Sr. Adv. Nalin Kohli, Sr. Adv. Dama S. Seshadri, Sr. Adv. Mahesh Agarwal, among others.

Issues / Allegations / Violations

  • The petition challenges the final judgment and order dated 12‑02‑2025 passed by the Delhi International Arbitration Centre (DIAC) in arbitration proceeding ARB.P No. 1501/2024 / DIAC No. 10367/2/2025.
  • Specific grounds of challenge, alleged breaches, or violations are not detailed in the order excerpt.

Findings & Observations

  • The Court, after hearing counsel, issued procedural directions; no substantive findings on the merits of the arbitration award are recorded in this order.

Penalties / Settlements / Directions

  • The matter is listed for further hearing on 20‑07‑2026.
  • Both parties are at liberty to make a joint request before the learned mediator for accommodation to postpone the pronouncement of the final award.
  • The arbitral tribunal is empowered to hear arguments if it deems fit, at its discretion.

Corrective Actions & Future Obligations

  • Parties may jointly approach the mediator to seek postponement of the award pronouncement.
  • Any further arguments may be presented before the arbitral tribunal as per its discretion.

Final Ruling & Enforcement

  • No final decision on the merits of the dispute was rendered; the Court issued only procedural orders as outlined above.