DHANI LOANS AND SERVICES LIMITED (EARLIER KNOWN INDIABULLS CONSUMER FINANCE LTD AND IVL FINANCE LTD vs UNILED TECHNOLOGIES INDIA PVT LTD., THROUGH ITS AUTHORISED SIGNATORY — EXA/1310/2025

Case under Code of Civil Procedure Section Rule 11 (2). Disposed: Contested--DISMISSED on 04th May 2026.

Case disposed

CNR: HCBM020178792025

Filing Number

EXA/17878/2025

Filing Date

17-Jun-2025

Registration No

EXA/1310/2025

Registration Date

16-Jul-2025

Judge

Hon'ble Shri Justice Abhay Ahuja

Coram

Hon'ble Shri Justice Abhay Ahuja

Bench Type

Single

Category

EXECUTION ( 15 )

Judicial Branch

Original

Decision Date

04-May-2026

Nature of Disposal

Contested--DISMISSED

Last updated 21-Jun-2026

Acts & Sections

Code of Civil Procedure Section Rule 11 (2)

Petitioner(s)

  1. 1.DHANI LOANS AND SERVICES LIMITED (EARLIER KNOWN INDIABULLS CONSUMER FINANCE LTD AND IVL FINANCE LTD

    Adv. Meghana M Murudkar

Respondent(s)

  1. 1.UNILED TECHNOLOGIES INDIA PVT LTD., THROUGH ITS AUTHORISED SIGNATORY

  2. 2.ASHWIN KHEMCHAND PARPIA S/O KHEMCHAND GOKULDAS PARPIA

  3. 3.KIRTIKUMAR MANUBHAI DESAI S/O MANUBHAI BHIKUBHAI DESAI

Case History

  1. Case disposedDisposed

  2. 04-May-2026

    —View PDF

    The Bombay High Court set aside all arbitral awards in 250+ consolidated cases involving Dhani Loans because the sole arbitrators were unilaterally appointed, following Supreme Court precedent that such appointments are void ab initio. The court dismissed all related execution applications and allowed parties to initiate fresh arbitration proceedings, excluding the prior limitation period. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 04-May-2026

    For Dismissal in view of decision in Bhadra International Pvt. Ltd. V/s Airports Authority of India

    Hon'ble Shri Justice Abhay Ahuja

  4. 17-Jun-2025

    Case filed

    Registration No. EXA/1310/2025

casestatus.in Summary

The Bombay High Court set aside all arbitral awards in 250+ consolidated cases involving Dhani Loans because the sole arbitrators were unilaterally appointed, following Supreme Court precedent that such appointments are void ab initio. The court dismissed all related execution applications and allowed parties to initiate fresh arbitration proceedings, excluding the prior limitation period. This case analysis is maintained by casestatus.in based on publicly available court records.

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