Madras High CourtArb O.P(COM.DIV.)/356/2025withdrawn dismissed

Samunnati Finance Private Limited, v. Mr.Pannalal Raghunath Kalantri

2025-09-22Honourable Mr Justice N. Anand Venkatesh4 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 22-09-2025

CORAM

THE HONOURABLE MR JUSTICE N. ANAND VENKATESH Arb O.P(COM.DIV.) No. 356 of 2025 Samunnati Finance Private Limited, Represented through its Authorised Signatory, Dr.Vasudevan S.

Having its office at Baid HiTech Park, 8th Floor, No. 129B, ECR Road, Thiruvanmiyur, Chennai-600041.

Petitioner Vs

1. Mr.Pannalal Raghunath Kalantri Trading as M/s.Ambika Marketing Factory.28/2,Nanded Road, Maharana Pratap Nagar, Latur, Maharashtra-413512.

Also at. Office.86/A,Market Yard,Latur, Maharshtra-413512.

2.Mr.Rahul Pannalal Kalantri 86/A, Market Yard, Latur, Maharashtra-413512.

Respondent(s)

PRAYER a) Petition filed under Section 11(6) of the Arbitration and Conciliation Act, 1996, to Appoint a sole arbitrator to adjudicate the disputes between the Petitioner and the Respondents in terms of the Arbitration Agreements viz. the Term Loan Agreement and the Personal Guarantor Deed, both dated 12.06.2023; b) Directing the Respondents to pay the costs. For Appellant(s):

N.V.Saisundar For Respondent(s):

Rahul M Shankar,

ORDER

When the matter was taken up for hearing today, the learned counsel for the petitioner sought permission of this Court to withdraw this petition and he has also made the following endorsement to that effect: "Petition withdrawn with liberty to re-file after issuance of a fresh Section 21 notice"

2.In view of the endorsement made by the learned counsel for the petitioner, this petition stands dismissed as withdrawn with liberty to file a fresh

petition after issuing notice under Section 21 of the Arbitration and Conciliation Act, 1996. No costs.

22-09-2025 Index:Yes/No Speaking/Non-speaking order Internet:Yes KP To 1.Mr.Pannalal Raghunath Kalantri Trading as M/s.Ambika Marketing Factory.28/2,Nanded Road, Maharana Pratap Nagar, Latur,Maharashtra413512. Also at. Office.86/A,Market Yard,Latur, Maharshtra-413512.

2.Mr.Rahul Pannalal Kalantri 86/A, Market Yard, Latur, Maharashtra-413512.

N.ANAND VENKATESH J.

kp Arb O.P(COM.DIV.) No. 356 of 2025 22-09-2025