Tata Capital Limited v. Swami Samarth Electronics Private Limited and Anr.
Case brief
What is this about?
Section 11 Arbitration and Conciliation Act 1996; appointment of Arbitrator; institutional arbitration; M/s. Setlen Arbitration & Dispute Resolution Forum; sole Arbitrator; arbitration clause No.9; seat Mumbai; Business Loan Agreement dated 25 September 2023; Tata Capital Financial Services Limited; Swami Samarth Electronics Private Limited; Bombay High Court Ordinary Original Civil Jurisdiction; Arbitration Application No.6 of 2026; Sandeep V. Marne J.; 17 February 2026; Section 11(8) read with Section 12(1) disclosure; arbitral fees equal portion subject to final award; merits issues kept open.
What did the court decide?
Appointment of M/s. Setlen Arbitration & Dispute Resolution Forum as Institute for institutional arbitration for disputes arising out of the Business Loan Agreement dated 25 September 2023; the Institute to nominate the Arbitrator within two weeks of intimation of the order; the Arbitrator to forward the statutory disclosure under Section 11(8) read with Section 12(1) within two weeks; arbitral costs and Arbitrator's fees per the Institute's schedule to be borne by the parties in equal portion, subject to the final Award; all merits issues kept open before the Tribunal.