DHC grants relief to SBI Cards, restrains its software provider from disrupting services

The Delhi High Court (DHC) while dealing with a petition u/S.9 of the Arbitration & Conciliation Act, 1996 filed by SBI Cards & Payment Services Pvt. Ltd. (SBI Cards) seeking an interim injunction against its software provider – Kony INC., its subsidiaries & partners (Kony) from terminating the agreement, has held that, considering the nature of services provided by SBI Cards, disruption of software license could lead to enormous consumers’ risks. The DHC considering that disruption of SBI Cards’ services could lead to financial losses & erode consumer trust, passed an ex-parte ad-interim injunction against Kony.