Allowed

Shriram City Union Finance Limited, Rep.by Its Senior Manger Mr.Mahew Arun, v. M/s Vadim Infrastructure Pvt. Ltd., Rep.by its Director, Mr.Rajamanickam Rathinam

Madras HC8 Nov 2022Arb O.P(COM.DIV.)/516/2022

Case brief

AI extract

What is this about?

The petitioner sought the appointment of a sole arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996 to resolve a dispute arising from a loan agreement. The Court found the clause for arbitration valid and the parties not objecting, hereby appointing Mr. Suhrith Parthasarathy as the sole arbitrator.

What did the court decide?

Arb.O.P.(Comm.Div.) No.516 of 2022 allowed by appointing Mr. Suhrith Parthasarathy as the sole arbitrator.

Shriram City Union Finance Limited, Rep.by Its Senior Manger… — Arbitration | Madras HC (2022)

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Arb.O.P.(Comm.Div.) No.516 of 2022

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 08.11.2022

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CORAM

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THE HONOURABLE MR.JUSTICE SENTHILKUMAR RAMAMOORTHY

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Arb.O.P.(Comm.Div.) No.516 of 2022

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M/s.Shriram City Union Finance Limited, Registered Office at 123, Angappa Naicken Street, Chennai - 600 001. And one of its branch office at No13, 3rd Floor Meenakshi Towers, Opposite Ramakrishnan School Ground G.N.Shetty Road, Rajamannar Street, T.Nagar, Chennai - 600 017 Land Mark - (Ramakrishna School Ground) Represented by its Senior Manager Mr.Mathew Arun ... Petitioner vs.

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1.M/s.Vadim Infrastructure Pvt Ltd Rep. by its Director Mr.Rajamanickam Rathinam No.18 & 19, T V Nagar, Near DLF IT Park, Mount Poonamallee Road, Mugalivakkam, Chennai 600 116.

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Also At: New No.36, Old No.56, 1st Floor, Kalaimagal Nagar, 2nd Main Road, Ekkattuthangal, Chennai - 600 032.

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https://www.mhc.tn.gov.in/judis

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Arb.O.P.(Comm.Div.) No.516 of 2022

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2.Rajamanickam Rathinam 3.Selvamanickam

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... Respondents

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PRAYER : Arbitration Original Petition filed under Section 11(6) of the Arbitration and Conciliation Act, 1996, pleased to appoint / substitute a Sole Arbitrator to adjudicate upon the differences and disputes between the parties under the said agreement dated 15.03.2018 in respect of contract bearing No. RSTNGTF1803200001.

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For Petitioner : Mr.M.Arunachalam For Respondents : Ms.R.Sruthi

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ORDER

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The petitioner prays for the constitution of an arbitral tribunal to resolve the dispute between the petitioner and the respondents. The petitioner states that the respondents availed of credit facilities from the petitioner pursuant to loan agreement dated 15.03.2018. By citing clause 18 thereof, it is stated that the agreement provides for the resolution of disputes by arbitration. The petitioner draws reference to a communication dated 2/4

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https://www.mhc.tn.gov.in/judis

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Arb.O.P.(Comm.Div.) No.516 of 2022

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15.09.2020, which was copied to the respondents, and states that this is a notice under Section 21 of the Arbitration and Conciliation Act, 1996. After an arbitral tribunal was constituted, it is stated that the respondents herein raised objections to the unilateral constitution of the tribunal. In such circumstances, the arbitrator recused. The present petition is filed in these facts and circumstances.

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Ms.R.Sruthi, learned counsel, enters appearance on behalf of the

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respondents. She submits, on instructions, that the respondents have no objection to the constitution of an arbitral tribunal by this Court.

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Clause 18 of the loan agreement clearly provides for the resolution of disputes through arbitration. The said loan agreement has been signed by the petitioner and each of the respondents. Schedule - I thereto specifies that the arbitration would take place at Chennai and that parties agree to the jurisdiction of courts at Chennai. Therefore, the petitioner is entitled to succeed.

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https://www.mhc.tn.gov.in/judis

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Arb.O.P.(Comm.Div.) No.516 of 2022

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rna

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SENTHILKUMAR RAMAMOORTHY,J

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Accordingly, Arb.O.P.(Comm.Div.) No.516 of 2022 is allowed by appointing Mr.Suhrith Parthasarathy, Advocate, No.1, Jagathambal Colony, 2nd Street, Royapettah, Chennai 600 014, Mobile No.8939717592, as the sole arbitrator. The sole arbitrator is called upon to enter upon reference and adjudicate the dispute. The fees and expenses in relation to the arbitral proceedings may be fixed by the arbitral tribunal in consultation with the parties.

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08.11.2022

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rna Index : Yes / No Internet : Yes / No

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Arb.O.P.(Comm.Div.) No.516 of 2022

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https://www.mhc.tn.gov.in/judis

Shriram City Union Finance Limited, Rep.by Its Senior Manger Mr.Mahew Arun, v. M/s Vadim Infrastructure Pvt. Ltd., Rep.by its Director, Mr.Rajamanickam Rathinam

Case brief

What is this about?

What did the court decide?

Shriram City Union Finance Limited, Rep.by Its Senior Manger Mr.Mahew Arun, v. M/s Vadim Infrastructure Pvt. Ltd., Rep.by its Director, Mr.Rajamanickam Rathinam

Case brief

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What did the court decide?

What the court decided

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Issues for consideration

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Parties & counsel

Coram

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