Chandanmal Jasraj Parmar vs NARANG AND MAHAVEER DEVELOPERS LLP — HCBM20368422024

Case under Arbitration and Conciliation Act 1996 Section 17. Next hearing: 24th March 2026.

Next hearing 24-Mar-2026

CNR: HCBM020368422024

e-Filing Number

04-12-2024

Filing Number

CARBP/36832/2024

Filing Date

05-Dec-2024

Judge

Hon'ble Shri Justice Somasekhar Sundaresan

Coram

Hon'ble Shri Justice Somasekhar Sundaresan

Bench Type

Single

Judicial Branch

Original

Last updated 06-Apr-2026

Acts & Sections

Arbitration and Conciliation Act 1996 Section 17

Petitioner(s)

  1. 1.Chandanmal Jasraj Parmar

    Adv. Divya Jain

Respondent(s)

  1. 1.NARANG AND MAHAVEER DEVELOPERS LLP

Case History

  1. 24-Mar-2026

    Next hearingPending

  2. 16-Apr-2026

    For Direction

    Hon'ble Shri Justice Somasekhar Sundaresan

  3. 24-Mar-2026

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

    Summary: The Bombay High Court's order dated March 24, 2026, in Commercial Arbitration Petition No. 151 of 2025, addresses a redevelopment project involving Narang and Mahaveer Developers LLP. The court noted that a final Arbitral Award granting specific performance of the redevelopment has been passed, and the insolvent 65% partner (Narang Developers) has a proposed resolution plan by Aakash Value Realty to continue the project on original terms. The court declined to discharge the Court Receiver at this stage pending formal approval of the resolution plan by the Insolvency Authority, but directed parties to seek expeditious consideration before the Adjudicating Authority, with the matter stood over to April 16, 2026 for further updates. This case analysis is maintained by casestatus.in based on publicly available court records.

  4. 24-Mar-2026

    For Direction

    Hon'ble Shri Justice Somasekhar Sundaresan

  5. 13-Mar-2026

    For Direction

    Hon'ble Shri Justice Somasekhar Sundaresan

  6. 25-Feb-2026

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  7. 25-Feb-2026

    For Direction

    Hon'ble Shri Justice Somasekhar Sundaresan

  8. 06-Feb-2026

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  9. 06-Feb-2026

    For Compliance

    Hon'ble Shri Justice Somasekhar Sundaresan

  10. 30-Jan-2026

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  11. 30-Jan-2026

    Case Management Hearing

    Hon'ble Shri Justice Somasekhar Sundaresan

  12. 17-Jan-2026

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  13. 22-Sep-2025

    For Passing Order

    Hon'ble Shri Justice Somasekhar Sundaresan

  14. 28-Jul-2025

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  15. 28-Jul-2025

    For Passing Order

    Hon'ble Shri Justice Somasekhar Sundaresan

  16. 15-Jul-2025

    Final Hearing - Section 14 / 15

    Hon'ble Shri Justice Somasekhar Sundaresan

  17. 10-Jul-2025

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  18. 10-Jul-2025

    Final Hearing - Section 14 / 15

    Hon'ble Shri Justice Somasekhar Sundaresan

  19. 26-Jun-2025

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  20. 24-Jun-2025

    Hon'ble Shri Justice Somasekhar SundaresanView PDF

  21. 24-Jun-2025

    Final Hearing - Section 14 / 15

    Hon'ble Shri Justice Somasekhar Sundaresan

  22. 30-Apr-2025

    Final Hearing - Section 14 / 15

    Hon'ble Shri Justice Somasekhar Sundaresan

  23. 02-Apr-2025

    Circulation Matters

    Hon'ble Shri Justice Somasekhar Sundaresan

  24. 06-Mar-2025

    Circulation Matters

    Hon'ble Shri Justice Somasekhar Sundaresan

  25. 10-Feb-2025

    First hearing

    Initial hearing scheduled

  26. 05-Dec-2024

    Case filed

casestatus.in Summary

Summary: The Bombay High Court's order dated March 24, 2026, in Commercial Arbitration Petition No. 151 of 2025, addresses a redevelopment project involving Narang and Mahaveer Developers LLP. The court noted that a final Arbitral Award granting specific performance of the redevelopment has been passed, and the insolvent 65% partner (Narang Developers) has a proposed resolution plan by Aakash Value Realty to continue the project on original terms. The court declined to discharge the Court Receiver at this stage pending formal approval of the resolution plan by the Insolvency Authority, but directed parties to seek expeditious consideration before the Adjudicating Authority, with the matter stood over to April 16, 2026 for further updates. This case analysis is maintained by casestatus.in based on publicly available court records.

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