Cars 24 Financial Services Private Limited v. Mayank Khanna Proprietor of M/S Auto Heaven & Anr.
Case brief
What is this about?
Section 11(5) Arbitration and Conciliation Act 1996 appointment petitions by CARS 24 Financial Services Pvt Ltd (counsel: Rit Arora) against Mayank Khanna (M/s Auto Heaven), Gaurav Wadhwa (M/s Wadhwa Motors), Rahil S Chauhan (M/s R S Auto Point) and Shiney Ghosh (M/s Wheels Deal). Credit Facility Agreements dated 08.02.2021, 31.12.2020, 30.09.2019, 18.11.2020; Clause 15.2 arbitration clause; New Delhi seat; Section 21 notices dated 14.08.2024; respondents served via email/WhatsApp deemed served, no objection presumed; disputes referred; Shivang Singh, Advocate appointed Sole Arbitrator; DIAC aegis; DIAC (Administrative Cost and Arbitrators’ Fees) Rules 2018 fees; Section 12 declaration; all rights and contentions left open; approach arbitrator within two weeks. Bench: Justice Manoj Kumar Ohri; decided 06.02.2025; matters taken up as 05.02.2025 was a holiday (Delhi Assembly Election).