Mangal Credit And Fincorp Limited v. Vaishali Transcarriers Private Limited

2026:BHC-OS:10197 Megha 7_carap_147_2025

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION APPLICATION NO.147 OF 2022 Mangal Credit and Fincorp Limited ...Applicant V/s.

Vaishali Transcarriers Private Limited and Ors.

...Respondents

________________ Mr. Pradeep Purohit with Ms. Merlin Sam i/b. Mr. Pankaj Jain for the Applicant.

________________ CORAM: SANDEEP V. MARNE, J.

DATED: 18 APRIL 2026.

P.C.:

1) This is an Application filed under Section 11 of the Arbitration and Conciliation Act, 1996 (the Arbitration Act) seeking appointment of Arbitrator for adjudication of disputes and differences between the parties arising out of the Loan Agreement.

2) It appears that the Respondent No.1 had made an approach for settlement of the Loan Account and accordingly, the Applicant had withdrawn the application on 17 April 2025. The Application has been restored by way of a separate order passed today. Instead of permitting the Applicant to prosecute the present Application, it would be appropriate to permit the Applicant to file a fresh Application by bringing on record the subsequent events.

Page No.

1 of 18 April 2026

Megha 7_carap_147_2025 3) Arbitration Application is disposed of with liberty to the Applicant to file a fresh Application under Section 11 of the Arbitration Act.

[SANDEEP V. MARNE, J.] Signed by: Megha S. Parab Designation: PA To Honourable Judge Date: 22/04/2026 14:39:31 Page No.

2 of 18 April 2026