Disposed

Rapipay Fintech Pvt. Ltd. v. Mr. Neil Maheshwari

Delhi HC19 Jan 2024ARB.P./1234/2023

Case brief

AI extract

What is this about?

The Delhi High Court disposed of an arbitration petition filed under Section 11 of the Arbitration and Conciliation Act. The Court directed the parties to mediation at the Delhi High Court Centre. If mediation fails, parties shall pursue arbitration under DIAC rules, with the Court appointing an arbitrator. The Court reserved all merits and preliminary objections for the arbitrator.

What did the court decide?

Parties referred to mediation; if unsuccessful, to arbitration under DIAC rules with appointment of arbitrator.

Rapipay Fintech Pvt. Ltd. Vs Mr. Neil Maheshwari — Arbitration | Delhi HC (2024)

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$~4

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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ARB.P. 1234/2023

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RAPIPAY FINTECH PVT. LTD. ..... Petitioner Through: Ms. Sunanda Tulsyan & Mr. Akhil Sachar, Advocates.

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versus

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MR. NEIL MAHESHWARI ..... Respondent Through: Mr. Arav Pandit, Mr. Himanshu Satija, Harsh Saxena & Mr. Harshit Khanduja, Advocates.

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CORAM: HON’BLE MR. JUSTICE PRATEEK JALAN

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O R D E R % 19.01.2024

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The petitioner has filed this petition under Section 11 of the Arbitration and Conciliation Act, 1996 [“the Act”], for appointment of an arbitrator to adjudicate disputes between the parties under an Agreement dated 17.01.2023 [“the Agreement”].

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The Agreement contains an arbitration clause, which provides for adjudication of disputes by a sole arbitrator. Delhi has been designated as the venue of the arbitration proceedings.

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Disputes arose between the parties, and the petitioner invoked arbitration vide notice dated 12.09.2023, which failed to elicit a response. 4. As the existence of the arbitration clause and due invocation thereof are not disputed, I am of the view that the appropriate course

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ARB.P. 1234/2023

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Page 1 of 3

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This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 02/07/2025 at 00:11:59

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would be to refer the parties to mediation, and also appoint an arbitrator to adjudicate disputes in the event mediation proceedings are unsuccessful.

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Having regard to the above, and with the consent of learned counsel for the parties, the petition is disposed of with the following directions:-

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a. With the consent of learned counsel for the parties, the parties are referred to mediation under the aegis of Samadhan, Delhi High Court Mediation and Conciliation Centre, Delhi High Court, Shershah Road, New Delhi-110503. The parties will appear before the mediator on 30.01.2024.

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b. In the event disputes between the parties under the Agreement are not resolved in mediation, they will be adjudicated by arbitration under the aegis of the Delhi International Arbitration Centre, Delhi High Court, Shershah Road, New Delhi-110503 [“DIAC”]. DIAC is requested to nominate an arbitrator from its panel. The arbitral proceedings will be governed by the Rules of DIAC, including as to the remuneration of the learned Arbitrator.

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c. The learned Arbitrator is requested to furnish a declaration in terms of Section 12 of the Act, prior to entering into the reference.

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d. These directions will take effect after 01.03.2024, and if the mediation proceedings are still ongoing by that date, and the parties require some further time to settle the matter, they may jointly request DIAC for a further deferment.

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e. It is made clear that all rights and contentions of the parties, including as to the arbitrability of any of the claims, any other

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ARB.P. 1234/2023

preliminary objections, as well as claims on merits of the disputes of either of the parties, are left open for adjudication by the learned Arbitrator.

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The petition stands disposed of with these directions.

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PRATEEK JALAN, J

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JANUARY 19, 2024 ‘pv’ /

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Page 3 of 3

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ARB.P. 1234/2023

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Rapipay Fintech Pvt. Ltd. v. Mr. Neil Maheshwari

Case brief

What is this about?

What did the court decide?

Rapipay Fintech Pvt. Ltd. v. Mr. Neil Maheshwari

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

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