The Court considered an arbitration application where the dispute under a Loan agreement was held arbitrable. It referred the parties to work out the dispute terms in accordance with Clause 11.4 of the agreement.
Parties referred to work out the dispute in terms of Clause 11.4 of the Loan agreement cum hypothecation.
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Arb.Appln.No.391 of 2023
Arb.Appln.No.391 of 2023
C.SARAVANAN, J.
The dispute between the applicant and the respondents are arbitrable under Clause 11.4 of the Loan agreement cum hypothecation dated 28.11.2018. The parties had earlier requested the Court to refer the case for Mediation. During the pendency of the above case, the respondents appears to have paid a sum of Rs.3.0 Crores. The respondents have however not paid the penal charges.
02.01.2024
jas
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Arb.Appln.No.391 of 2023
C.SARAVANAN, J.
jas
Arb.Appln.No.391 of 2023
02.01.2024
2/2
1 issue framed by the court
Whether the dispute between the applicant and respondents is arbitrable under Clause 11.4 of the Loan agreement cum hypothecation.
C.Saravanan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
