Reliance Capital Limited v. Vaddineni Mahindra Kumar And 2 ORS

arbapl 249 of 2016 (948).sxw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION APPLICATION (L) NO.249 OF 2016 M/s. Reliance Capital Ltd.

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Applicant versus Vaddineni Mahindra Kumar and Ors.

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Respondents Mr. Vishal Tambat, for Applicant.

Mr. N.J.Devashayee with Mr. S.K.Shah, for Respondents. CORAM: S.J. KATHAWALLA, J.

DATE: 26 th FEBRUARY, 2016 P.C.:

1. Mentioned. Not on board. Taken on board.

2. By consent of the parties, the following order is passed : i. The disputes between the parties arising out of the Loan Agreement dated 08-072008 are referred to the sole Arbitration of Mr. Salil Shah, Advocate. ii. The disclosures submitted by Mr. Salil Shah, Advocate, under Section 11 (8) read with Section 12 (1) of Arbitration and Conciliation Act, 1996 are taken on record. iii. The parties shall appear before the learned Arbitrator in his chambers, on 2nd March, 2016 at 5.00 p.m. and obtain necessary directions. iv. The cost of arbitration shall initially be borne by the parties equally. v. All contentions of the parties are kept open. vi. The venue of Arbitration shall be at Mumbai.

3. In view of this order, the above Arbitration Application is disposed of. ( S.J.KATHAWALLA, J. ) ssp 1/1