Mr. Naresh Mansukhani v. Juniper Green Energy Limited

O R D E R %

17.11.2025

¶1This Petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 seeking appointment of an Arbitrator to adjudicate upon the disputes which have arisen between the parties under a Management Incentive Agreement dated 11.08.2020.

¶2It is stated that under the said Agreement, the Petitioner was appointed as the Chief Executive Officer of the Respondent/Juniper Green Energy Private Limited on 06.10.2018 and was offered a Management Incentive Plan under which he was allotted 620 Class B Equity Shares at a face value of Rs. 10/- per share, constituting 1.55% of the total equity of the Respondent. It is stated that the Respondents have failed to comply with their obligations and, therefore, disputes have arisen between the parties. It is stated by the learned Counsel for the Petitioner that as on date about Rs.65 The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. crores towards differential value of the Class B shares and Rs. 300 crores towards ESOP-linked entitlements is due and payable by the Respondent.

¶3Clause 6 of the Agreement is the dispute resolution clause. A notice dated 13.09.2025 under Section 21 of the Arbitration and Conciliation Act, 1996, was sent by the Petitioner to the Respondents invoking Arbitration. It is stated that the Respondents, in their reply dated 27.09.2025 & 12.10.2025 rejected the request of the Petitioner to appoint a Sole Arbitrator for adjudication of the disputes between the parties. The Petitioner has, therefore, approached this Court by filing the present Petition.

¶4In view of the fact that disputes have arisen between the parties and there is an arbitration clause in the Agreement, this Court is inclined to appoint an Arbitrator to adjudicate upon the disputes between the parties.

¶5Accordingly, Justice Vineet Saran, Former Judge of Hon'ble Supreme Court, Advocate (Mob: 7897420209) is appointed as the Sole Arbitrator to adjudicate upon the disputes between the parties.

¶6The arbitration would take place under the aegis of the Delhi International Arbitration Centre (DIAC) and would abide by its rules and regulations. The learned Arbitrator shall be entitled to fees as per the Schedule of Fees maintained by the DIAC.

¶7The learned Arbitrator is also requested to file the requisite disclosure under Section 12(2) of the Arbitration & Conciliation Act within two weeks of entering the reference.

¶8All rights and contentions of the parties in relation to the claims/counter-claims are kept open, to be decided by the learned Arbitrator on their merits, in accordance with law.

¶9Needless to say, nothing in this order shall be construed as an The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. expression on the merits.

¶10The present petition stands disposed of in the above terms along with pending application(s), if any. SUBRAMONIUM PRASAD, J NOVEMBER 17, 2025 Prateek The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.

* IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 1898/2025 MR. NARESH MANSUKHANI .....Petitioner Through: Mr. Surjendu Sankar Das, Ms. Annie Mittal and Ms. Yoovika Toor, Advocates versus JUNIPER GREEN ENERGY LIMITED .....Respondent Through: Mr. Hardeep Sachdeva, Mr. Abhyudai Singh, Mr. Abhishek Awasthi and Mr. Mukund Rawat, Advocates CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD