L&T Finance Secures Interim Relief Confirmation

Authority: High Court of Judicature at Bombay

Order Date: September 10, 2026

Case Overview

• Petitioner: L & T Finance Limited
• Respondents: Tushar Satyavijay Heda & Anr.
• Petition: Arbitration Petition No. 360 of 2026 filed in the Ordinary Original Civil Jurisdiction.
• Procedural Background: Respondents were duly served but failed to appear before the Court.
• Prior Orders: The Court had earlier issued orders on 5 May 2026 and 30 July 2026 granting ad‑interim reliefs under prayer clauses (c), (e), and (i).
• Current Reliefs: The ad‑interim reliefs specified in the aforementioned prayer clauses are now confirmed and will remain operative for the duration of the arbitral proceedings.
• Further Directions: The petitioner is ordered to initiate steps to constitute the Arbitral Tribunal within 90 days from the date of this order (i.e., by 8 December 2026).
• Disposition: The arbitration petition is disposed of in the terms stated above.

Final Outcome

• The Court confirms the interim reliefs previously granted to L & T Finance Limited, ensuring their continued effect throughout the arbitration.
• L & T Finance Limited must form an arbitral tribunal within the stipulated 90‑day period.
• The petition is formally closed.

Topics: Arbitration, Interim Relief, NBFC Litigation