M/S Clix Capital Services Pvt. Ltd. v. M/S Jeevandhara Hospital & Ors.
Case brief
What is this about?
Clix Capital Services Pvt Ltd v. Jeevandhara Hospital & Ors.; ARB.P. 1850/2024 & ARB.P. 1856/2024; High Court of Delhi; Anish Dayal, J.; decided 10.02.2025; court-annexed mediation before Delhi High Court Mediation & Conciliation Centre (appearance fixed 20.02.2025); fallback reference to Delhi International Arbitration Centre (DIAC) for appointment of Sole Arbitrator; disputes under Facility-cum-Hypothecation Agreement dated 31.10.2020 and Deed of Guarantee; loan disbursed for purchase of medical equipment; both petitions disposed of.
What did the court decide?
Both arbitration petitions disposed of with directions: parties to appear before the Delhi High Court Mediation & Conciliation Centre on 20th February 2025 at 2:30 PM; failing mediation, the disputes under the Facility-cum-Hypothecation Agreement dated 31st October 2020 and the Deed of Guarantee to be referred to the Delhi International Arbitration Centre (DIAC), which shall appoint a Sole Arbitrator for adjudication.