Disposed
PNB Housing Finance Limited v. Venus Exports & Ors.
Delhi HCO.M.P.(I) (COMM.)/117/2018
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from the order text
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HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(I)…
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PNB HOUSING FINANCE LIMITED ..... Petitioner Through Mr.Nishant Maidasani, Adv.
VENUS EXPORTS & ORS. ..... Respondents Through None.
CORAM:
HON'BLE MR. JUSTICE NAVIN CHAWLA
In spite of the service, none appears for the respondents.
Learned counsel for the petitioner submits that the petitioner has already appointed a Sole Arbitrator to adjudicate the disputes that have arisen between the parties in relation to the Loan Agreement.
In view of the appointment of the Arbitrator, the Interim Order dated 16.03.2018 shall continue unless varied/modified/vacated by the Sole Arbitrator on an application being filed by the respondents. It is made clear that the Arbitrator shall decide such application, if filed by the respondents, without being influenced by the observation made in the order dated 16.03.2018. It is further clarified that this Court has not given any opinion on the validity of the Arbitrator appointed by the petitioner.
The petition is disposed of in the above terms, with no order as to
cost.
Dasti.
NAVIN CHAWLA, J
MAY 18, 2018/Arya
PNB Housing Finance Limited
Venus Exports & Ors.
Navin Chawla
As recorded by the court registry
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