Loan financier sought appointment of an arbitrator under Clause 14 of a loan agreement after the borrower defaulted and ignored a Section 21 notice. With no appearance by the respondent, the court appointed a sole arbitrator to adjudicate under DIAC rules, leaving all claims open.
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AXIS FINANCE LIMITED .....Petitioner
Through: Appearance not given
versus
ABHISHEK ZAVERI .....Respondent Through: CORAM:
HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD
O R D E R
% 19.02.2025
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 30/06/2025 at 23:47:32
SUBRAMONIUM PRASAD, J
FEBRUARY 19, 2025 Rahul
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 30/06/2025 at 23:47:32
1 issue framed by the court
Whether an arbitrator should be appointed under the loan agreement's arbitration clause despite the respondent's non-appearance.
3 provisions across 1 enactments
Axis Finance Limited
Abhishek Zaveri
Subramonium Prasad
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
