M/S.Five Star Business Finance Limited v. Durairaj Chandran

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 05-06-2026

CORAM

THE HON'BLE MR.JUSTICE K.KUMARESH BABU Arb O.P(COMDIV) No. 134 of 2026 M/s.Five Star Business Finance Limited Regd.Office at New No.27(Old No.4) Taylors Road, Kilpauk, Chennai - 600 010.

Represented by its Authorized Signatory Madhusandan Someswaran.

..Petitioner(s) Vs

1. Durairaj Chandran

2. Dhanalakshmi Chandran

3. Vatchala Rajan

4. Devi Krishnan

5. Manikandan Chandran

6. Maheswari.A

7. Suji Duraraj

8. Sriram.D ..Respondent(s) Petition filed under Section 11 (5) & (6) of the Arbitration and Conciliation Act, 1996 to appoint a Sole Arbitrator to adjudicate the differences and disputes between the petitioner and the respondents under the Loan Agreement dated 09.05.2023 bearing Reference Number FSTNLALONS000005410170.

For Petitioner(s):

Mr.P.Suresh For Respondent(s):

No appearance (Set Ex-parte) served

ORDER

This Arbitration Original Petition has been filed under Section 11(5) &

(6) of the Arbitration and Conciliation Act, 1996 to appoint a Sole Arbitrator to adjudicate the differences and disputes between the petitioner and the respondents under the Loan Agreement dated 09.05.2023 bearing Reference Number FSTNLALONS000005410170.

2. Heard Mr.P.Suresh, learned counsel for the petitioner.

3. Inspite of notice having been served upon the respondents, they have not chosen to appear either in person or through counsel. Their names were printed in the cause list. They were called absent and are set ex-parte.

4. A notice under Section 21 of the Arbitration and Conciliation Act, 1996 has been issued by the petitioner on 06.09.2025. Inspite of the same, the respondents have not chosen to respond. From a reading of the Loan Agreement dated 09.05.2023 entered to between the petitioner and the respondents, it could be seen that the parties have agreed to resolve the disputes by appointing an

Arbitrator.

5.

In view of the Loan Agreement and considering the nature of claim, this Court deems it appropriate to appoint an Arbitrator. Accordingly, Mr.V.Nallasenapathy, Advocate, (Mobile No.9841527190) having office at No.15/16, Shanthi Nagar, Korattur, Chennai - 600 050, is appointed as Sole Arbitrator to enter upon the reference and resolve the disputes between the petitioner and the respondents.

6.

The learned Sole Arbitrator is entitled to fix his fees as per the Schedule-IV of the Act. This Court further requests the learned Sole Arbitrator to endeavour to decide the dispute as expeditiously as possible.

7. Accordingly, this Arbitration Original Petition is ordered. No costs. 05-06-2026 rap To

1. The Madras High Court Arbitration Centre, Madras.

2. Mr.V.Nallasenapathy, No.15/16, Shanthi Nagar, Korattur, Chennai - 600 050.

K.KUMARESH BABU, J.

rap 05-06-2026