Disposed

M/s.Sundaram Finance Limited v. M/s.Lotus Associates

Madras HC16 Feb 2026Arb O.P(COM.DIV.)/777/2025

Case brief

AI extract

What is this about?

The petitioner sought appointment of an arbitrator under Section 11 of the 1996 Act due to default in loan repayment. The Court appointed Mrs.Kavitha Rameshwar as the Sole Arbitrator to adjudicate the disputes under the Madras High Court Arbitration Centre rules.

What did the court decide?

Appointment of Mrs.Kavitha Rameshwar as Sole Arbitrator to adjudicate the dispute under the Madras High Court Arbitration Centre.

M/s.Sundaram Finance Limited Vs M/s.Lotus Associates — Arbitration | Madras HC (2026)

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Arbitration Original Petition (Com.Div) No.777 of 2025

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 16.02.2026

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CORAM

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THE HONOURABLE MR.JUSTICE N.ANAND VENKATESH

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Arbitration Original Petition (Com.Div) No.777 of 2025

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M/s.Sundaram Finance Limited, No.21, Patullos Road, Chennai – 600 002. represented by its Authorised Signatory Mrs.Flora Nirmala

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.... Petitioner

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Vs.

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1.M/s.Lotus Associates,

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represented by its Proprietor – Mr.M.Duraisamy, 36, Tharakeswari Nagar Main Road, Sembakkam, Chennai – 600 073. Also at: No.9/827, 24^th Street, Gandhi Nagar, Kovilambakkam, Chennai – 600 129.

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2.Manimegalai

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.... Respondents

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Arbitration Original Petition filed under Section 11(6) of the Arbitration and Conciliation Act, 1996, praying to appoint a Sole Arbitrator to adjudicate upon the differences and disputes between the parties under the Working Capital Facility Agreement dated 31.01.2024.

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For Petitioner : Mr.P.Kumanan

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For Respondents : Mr.J.Umacharan

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*****

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

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Arbitration Original Petition (Com.Div) No.777 of 2025

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ORDER

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This petition has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 [for brevity 'the Act'] for appointment of an Arbitrator to decide the dispute and differences between the petitioner and the respondent in terms of the Working Capital Facility Agreement dated 31.01.2024.

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Heard learned counsel on either side.

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The respondent availed financial facility from the petitioner to the tune of Rs.50 lakhs. The respondent committed default in repayment of the loan amount. Hence, the petitioner issued a demand notice on 03.08.2024. The trigger notice under Section 21 of the Arbitration and Conciliation Act, 1996 was issued on 05.03.2025. The agreement provides for appointment of an Arbitrator in Clause No.15.17. Hence, the present petition has been filed.

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In view of the above, this Court appoints Mrs.Kavitha Rameshwar, Third Floor, Canara Bank Building, 257, Angappa Naicken Street, Chennai – 600 001, as the Sole Arbitrator and the Sole Arbitrator is requested to adjudicate the arbitral disputes that had arisen between the parties and render arbitral award by holding sittings in the 'Madras High

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

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Arbitration Original Petition (Com.Div) No.777 of 2025

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Court Arbitration Centre under the aegis of this Court' (MHCAC) as per Madras High Court Arbitration Proceedings Rules 2017 and fee of Hon’ble Sole Arbitrator shall be in accordance with the Madras High Court Arbitration Centre (MHCAC) (Administrative Cost and Arbitrator's Fees) Rules 2017.

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Accordingly, this petition is disposed of.

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16.02.2026

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Index:yes/no Speaking Order/Non-speaking order NCC:yes/no gm

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

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Arbitration Original Petition (Com.Div) No.777 of 2025