a < IN THE HIGH COURT OF DELHI AT NEW DELHI EX.p. 2s3l2OL0 & E.A.(OS) 4t3l2ol0 M/S INDIABULLS FINANCIAL SERVICES LTD. ..... DCCTCC HOIdCT Through: Mr. Deepak Kaushik & Mr. Sayak Banerjee, Advocates VCTSUS M/S B N FLOWER DISTRIBUTOR & ORS. Through: NEMO. ..... Judgment Debtors CORAM: HON',BLE MR. JUSTICE VIPIN SANGHI ORDER 27.O7.20LO The decree holder has preferred the present execution petition to seek the transfer of the award passed by the learned Arbitrator at Delhi on 13.02.2010 in favour of the decree holder and against the * judgment debtor from this Court to the District Court, Bangalore, since the movable and immovable properties of the judgment debtors are lying within the local limits of the jurisdiction of the District Court, Bangalore. The arbitral award is not a decree of this Court. Merely because arbitral awards can be executed as decree passed by Civil Courts and the arbitral award in question has been rendered in Delhi, it does not mean that the same becomes a decree passed by this Court and 23 i< .J Vo Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified therefore would require to be transferred to the place where the judgment debtors reside or their properties are situated. This Court has already held in Daelim Industrial Co. Ltd. v. Numaligarh Refinery Ltd., MANU/DE/13L612009 in the aforesaid terms' Consequently, the present petition is dismissed with liberty to the decree holder to initiate execution proceedings in respect of the award before the comPetent Court. - Dasti. JULY 27, ?OLO rsk VIPIN i GHl, J.