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Delhi HC on Powers of Section 34 Court to examine limitation of Arbitral Claims

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Arbitral Claims & Limitation – Powers of Section 34 Court

Arbitral Award to convert compulsorily convertible debentures into equity shares equivalent to 2% of the paid-up capital as on 31.1.2017.

Disputes arising out of the Debenture Subscription Agreement dated 16.7.2015 and the investment of Rs.31.50 lakhs by the respondent in the petitioner no.1 & allotment of 31,500 CCDs.  Clause 6.1 of the Agreement provided for conversion of debentures into equity shares.

Arbitration was invoked in April 2024.

Objection to the award on the ground of limitation.

Judgment dated 6.4.2026 of the High Court of Delhi in O.M.P (COMM) 111/2025 of Flexing IT Services Private Limited   Vs.  Colvyn James Harris

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