High Court Appoints Sole Arbitrator in Royal Orchid Hotels Arbitration Dispute
Royal Orchid Hotels Limited confirmed that the company received an order from the Hon'ble High Court of Rajasthan, Jaipur Bench, regarding an ongoing arbitration dispute. The order pertains to Arbitration Application No. 16/2023, concerning disputes arising under a Memorandum of Understanding dated April 18, 2007, executed between Tambi & Others and Royal Orchid Hotels Limited & Others for its associate company, Ksheer Sagar Developers Private Limited.The High Court's proceedings resulted in the appointment of a Sole Arbitrator. On May 26, 2026, the Hon'ble High Court of Rajasthan, Jaipur Bench, allowed the application filed under Section 11 of the Arbitration and Conciliation Act, 1996. The court appointed Hon'ble Mr. Justice Ajay Rastogi, a former Judge of the Supreme Court of India, to act as the Sole Arbitrator to adjudicate the disputes between the respective parties. All issues raised by the involved parties were left open for adjudication before the appointed Sole Arbitrator.
The company noted that the hearing took place on May 26, 2026, while the final order was received by Royal Orchid Hotels Limited on May 31, 2026.
The details of the judicial directive are as follows:
| Particulars | Details |
|---|---|
| Authority | Hon'ble High Court of Rajasthan, Jaipur Bench |
| Date of Order | May 26, 2026 |
| Arbitrator Appointed | Hon'ble Mr. Justice Ajay Rastogi (Former Judge, Supreme Court of India) |
| Application Reference | Arbitration Application No. 16/2023 |
| Dispute Parties | Tambi & Others vs Royal Orchid Hotels Limited & Others for its associate company Ksheer Sagar Developers Private Limited |
The company stated that the order is procedural in nature, relating solely to the appointment of a Sole Arbitrator for adjudicating the disputes. As of the current stage, the company noted that it is unable to quantify any financial impact arising from this order, and there are no negative implications, as the status quo remains the same for both parties.
ROHLTD Stock Price Movement
Royal Orchid Hotels Limited shares today slipped by 0.40% to settle at ₹335.55, closing lower after trading volatility. The stock saw a volume of 68,937 shares traded, signaling some selling pressure throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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