Cars 24 Financial Services Private Limited v. Akber Khan Proprietor of M/S a to Z Car Sales and Purchase and Ors.
Case brief
What is this about?
ARB.P. 1324/2024; CARS 24 Financial Services Private Limited v. Akber Khan (M/s A to Z Car Sales and Purchase); Section 11(5) Arbitration and Conciliation Act 1996; Section 21 invocation notice dated 09.07.2024; Credit Facility Agreement dated 31.12.2019, Clause 15.2 arbitration clause, seat Delhi; consent reference to sole arbitrator; Mr. Deepak Joshi appointed Sole Arbitrator; DIAC aegis; DIAC Rules 2018 remuneration; Section 12 declaration; arbitrability left open; Justice Manoj Kumar Ohri; decided 17.01.2025; digitally signed DHC order.
What did the court decide?
Constitution of an Arbitral Tribunal comprising a Sole Arbitrator: the disputes between the parties under the Credit Facility Agreement dated 31.12.2019 were referred to arbitration, with Mr. Deepak Joshi, Advocate, appointed Sole Arbitrator, the arbitration to be held under the aegis of DIAC.