Axis Finance Limited v. Nachiket Subhash Bari
Case brief
What is this about?
Petitioner invoked Clause 14 of a loan agreement and issued a Section 21 notice for unpaid loan dues; respondent did not reply. The Court appointed Pritish Sabharwal as sole arbitrator, with proceedings before DIAC, leaving all claims open.
What did the court decide?
Pritish Sabharwal, Advocate, appointed sole Arbitrator; arbitration under DIAC aegis and fee schedule.