Allowed
Suresh Kumar Ramakrishnan Kallada v. Kotak Mahindra Bank Limited
Kerala HCAR/28/2022
Case brief
AI extract
What is this about?
Borrowers challenged the bank's unilateral appointment of a sole arbitrator for loan disputes. The court held the appointment irregular and unsustainable and appointed an independent sole arbitrator for all the arbitration requests, leaving the parties' contentions open.
What did the court decide?
K.M. Balachandran, retired District Judge, appointed sole arbitrator for disputes under the respective agreements in all arbitration requests.