Authority: Supreme Court of India
Order Date: 04-08-2026
Case Overview
- Parties: ITI Limited (petitioner) vs HCL Infosystems Limited (respondent).
- Origin: Appeals arising from impugned final judgment and order dated 28‑04‑2026 in WP No. 11872/2026 and WP No. 11865/2026 of the High Court of Karnataka, Bengaluru.
- Proceedings: Special Leave Petitions (Civil) Diary No. 34878/2026 and related interlocutory applications (IA Nos. 214528/2026, 214529/2026, 219725/2026, 219733/2026, 224084/2026, 224083/2026) seeking condonation of delay and exemption from filing certain documents.
Observations & Directions
- The Court, after hearing counsel including Solicitor General Mr. Tushar Mehta and senior advocates, condoned the delay in refiling/curing defects.
- Security requirement modified: 50 % of the amount previously directed as security shall continue; the remaining 50 % is reduced to 25 % to be deposited before the Executing Court.
- The order expressly states it will not impede the Commercial Court from taking up and disposing of the petition under Section 34 of the Arbitration and Conciliation Act as expeditiously as possible.
- With these directions, the Special Leave Petitions are disposed of.
- Any pending interlocutory applications, if any, are also disposed of.
Final Outcome
- Delay in filing is condoned.
- Security deposit reduced to 25 % of the originally directed amount, with 50 % retained as before.
- Special Leave Petitions and all pending interlocutory applications are formally disposed of.
Topics: Legal Procedure, Arbitration