Tata Capital Petition Dismissed Over Installments

Authority: High Court of Judicature at Bombay, Commercial Division

Order Date: 23 September 2026

Case Overview

• Parties: Tata Capital Limited (Petitioner) vs Geosphere Industries Pvt Ltd & Anr (Respondents).
• The petition (Arbitration Petition No. 123 of 2025) was filed in the Commercial Division alleging that the respondents had not paid the last two installments as agreed under their financing arrangement.
• Counsel for the petitioner: Adv. Anosh Sequeira with Adv. Iraa Dube Patil, i/b Jay & Co.; counsel for the respondents: Adv. Isha Porje with Adv. Akash Menon.
• The learned judge noted the non‑payment claim and considered the petition.

Final Outcome

• The petition is disposed of (dismissed) by the court.
• The court expressly leaves open the right of the petitioner to seek revival of the petition if the respondents continue to fail to pay the agreed installments.

Topics: Arbitration, Payment Default