# In the matter of Manjeet Singh T. Anand vs. Nishant Enterprises HUF Thru. Its Karta and Anr.

> HC judgment dated 2026-01-08. Citation: TCN-2026-HC-00003. This is an Interim Application No.5306 of 2025 in Comm Execution Application No.19 of 2025. The…

- **Court:** HC
- **Order date:** 8 Jan 2026
- **Citation:** TCN-2026-HC-00003
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/bombay-high-court-panaji/manjeet-singh-t-anand-vs-nishant-enterprises-huf-thru-its-karta-and-anr-2e44356d

## Summary

### Background

This is an Interim Application No.5306 of 2025 in Comm Execution Application No.19 of 2025. The Applicant/Decree Holder has sought interim relief in aid of enforcement of the final Arbitral Award dated 30th November, 2023.

## Facts

The Sole Arbitrator awarded a principal decretal sum of INR 12,52,53,938/- and interest at 10% p.a. to the Applicant.

Respondents filed a joint petition under Section 34 of the Arbitration Act challenging the Award.

The execution of the Award was stayed to the limited extent of the 'costs' component of INR 22,25,000/- conditional upon a 100% deposit.

The amount of INR 14,79,71,228/- under the Award remains unsatisfied and outstanding.

The Applicant claims the Respondents are siphoning/dissipating assets to defeat the Award.

The Applicant claims that the Respondents furnished security worth INR 4 Crores.

The Respondents raised a preliminary objection on the lack of territorial jurisdiction of the Court.

## Issues and analysis

### Issue 1: Whether this Court lacks the territorial jurisdiction to entertain the present Execution …

**Ratio:** The Court is undisputedly the 'seat' Court under Section 2(1)(e)(i) of the Arbitration

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**Reasoning:** The Respondents admitted in their Section 34 Petition that this Court is the Seat Court.

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**Interpretation:** The Court interpreted Section 2(1)(e)(i) of the Arbitration Act and relied on

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**Application:** The Court rejected the jurisdictional

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## Parties

- **Judges:** R.I. CHAG…
- **Appellants:** Manjeet Singh T.…
- **Respondents:** Nishant Enterprise…
- **Other parties:** Mr Rashmin…; Prathamesh…; +1 more

## Timeline

- **2023-11-30 — Arbitral Awa…**: Final Arbitral Award passed…
- **2025-01-21 — Court Or…**: Court directed Respondent No.1 to file an…

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