Summary: On February 23, 2026, the Delhi High Court, led by Judge Harish Vaidyanathan Shankar, decided to pick someone to help settle a money disagreement between Tata Capital Housing Finance Limited and M/S Preeti Buildtech and others. This decision was made because both sides agreed to it and wanted to solve the money problem.
Tata Capital Housing Finance Limited asked the court for help under a specific law. They wanted temporary orders against M/S Preeti Buildtech and others. These included freezing bank accounts and stopping the transfer of properties to protect their financial interests.
"Order the respondent to provide a bank guarantee of the same amount for the Petitioner."
Both sides agreed to let an arbitrator settle the issue instead of going through the court. This was part of their Home Equity Agreements from 2024.
The agreement said that disagreements would be settled by one arbitrator from certain organizations. The process would mostly be done online, with no in-person meetings unless really needed.
The Court chose Mr. Atul Shankar Mathur to handle the case. He needs to share some important information within a week.
"This Court appoints Mr. Atul Shankar Mathur to take on the case and settle the disagreements."
The disagreement involves a lot of money, about Rs. 2,43,90,718, showing how important this is for both sides.
Until the arbitration starts, the Court ordered that no assets should be moved or sold, keeping everything the same for now.
"There should be no transfer of any assets, and things should stay the same..."
The petition was turned into a request under another section of the Arbitration Act. Tata Capital Housing Finance Limited and M/S Preeti Buildtech and others can now raise any issues and continue with the case under the chosen arbitrator.
