Dismissed¶30

Mr P Prashantha, v. Axis Bank Ltd.

Madras HC25 Aug 2025Arb O.P(COM.DIV.)/311/2025

Case brief

AI extract

What is this about?

Termination of arbitral mandate; Sections 14(2) and 12(1)(b), Arbitration and Conciliation Act 1996; withdrawal memo by claimant; settlement of claim; arbitral proceedings closed by Arbitrator's order dated 06.08.2025; petition dismissed as infructuous; connected application closed; no costs; M/s. Axis Bank Ltd.; Sole Arbitrator E. Hema; Arbitration Case No. ACP (AXIS-ALN) No.672 of 2025; Loan Agreement No. UCR007706871111 dated 21.12.2021; Madras High Court, Commercial Division; Abdul Quddhose, J.; 25.08.2025.

What did the court decide?

None; petition dismissed as infructuous, connected application closed, no costs. ¶30

Mr P Prashantha, Vs Axis Bank Ltd. — Arbitration | Madras HC (2025)

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Arb.O.P.(Com.Div.) No. 311 of 2025

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 25.08.2025

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CORAM

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THE HON'BLE Mr. JUSTICE ABDUL QUDDHOSE

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Arb.O.P.(Com.Div.) No. 311 of 2025

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and

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Application No. 2793 of 2025

P. Prashantha

... Petitioner

Vs.

1.M/s. Axis Bank Ltd.,

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No.31, 2 nd Floor,

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South Mada Street,

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Mylapore,

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Chennai – 600 004.

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2.E. Hema,

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Advocate, Sole Arbitrator, CNICA No.412, 4 th Floor,

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Alpha Wing, Raheja Towers, Near LIC, Nos. 113-134, Anna Salai, Chennai – 600 002.

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. .. Respondents

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Prayer : Petition filed under Section 14(2) and 12(1) (b) of the Arbitration and Conciliation Act, 1996, to terminate the mandate of the 2nd respondent in Arbitration Case No. ACP (AXIS-ALN) No.672 of 2025 and the disputes arising out of the Loan Agreement No. UCR007706871111 dated 21.12.2021.

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For Petitioner : Ms. Abitha Banu For Respondents : Mr. M.R. Uma Vijayan

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1/3

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

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Arb.O.P.(Com.Div.) No. 311 of 2025

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O R D E R

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Learned counsel for the respondent has placed on record the order dated 06.08.2025 passed by the Arbitrator who has recorded the memo filed by the petitioner / claimant seeking permission for withdrawal of the arbitral proceedings. Since the claim has been settled, the arbitrator has also recorded the memo and has closed the arbitral proceedings by its order dated 06.08.2025 referred to supra.

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Since the arbitral proceedings which is the subject matter of this

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petition has been closed, nothing survives for further adjudication in this petition.

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3. After recording the fact that the arbitral proceedings which is the subject matter of this petition has been closed, this petition is dismissed as infructuous. Consequently, connected application is closed. No costs.

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25.08.2025

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Index: Yes/ No Neutral citation : Yes / No AT

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2/3

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

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Arb.O.P.(Com.Div.) No. 311 of 2025

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ABDUL QUDDHOSE, J.