M/S.Mercedes - Benz Financial Services India Pvt. .Ltd., v. Kyasaram Praveen Kumar
Case brief
What is this about?
S.11(6) Arbitration and Conciliation Act 1996 – appointment of sole arbitrator – Mercedes-Benz Financial Services India Pvt Ltd v Kyasaram Praveen Kumar and Kyasaram Varalaxmi – loan agreement and unattested deed of hypothecation dated 16.07.2022 – Contract No.10150691 – arbitration Clause 82 'Dispute Resolution', seat Chennai – Section 21 invocation notice dated 25.04.2025 unanswered – respondents set ex parte after paper publication (substituted service directed 21.07.2025) – Sharath Chandran appointed sole arbitrator – fees per Fourth Schedule, shared equally – arbitration within statutory timeline – Madras High Court, 21.08.2025.
What did the court decide?
Appointment of Mr. Sharath Chandran, Advocate, as Sole Arbitrator to adjudicate the differences and disputes between the parties under the Loan Agreement and Unattested Deed of Hypothecation dated 16.07.2022 in respect of Contract No.10150691, with fees per the Fourth Schedule of the Arbitration and Conciliation Act, 1996 (or mutual consent), shared equally by the parties, and completion of arbitration within the statutorily prescribed time.