L And T Finance v. Krunal Himmatlal Shah

Renuka 34-ARBAP-58-2026

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION APPLICATION NO. 58 OF 2026 L and T Finance ...Applicant V/s.

Krunal Himmatlal Shah

...Respondent

________________ Ms. Disha Karambar-Mulgaonkar i/b Disha Karambar and Associates, for Applicant.

Mr. Krunal H. Shah, Respondent-in-person present through VC. ________________ CORAM: SANDEEP V. MARNE, J.

DATED: 17 APRIL 2026.

P.C.:

1) This is an Application filed under Section 11 of the Arbitration and Conciliation Act, 1996 (the Arbitration Act) for appointment of arbitrator for resolution of disputes and differences between the parties arising out of Business Loan Agreement dated 17 January 2024.

2) I have heard Mr. Mulgaonkar, the learned counsel appearing for Applicant. Mr. Shah, the Respondent appears in person. He fairly does not dispute existence of Arbitration Agreement. The Arbitration Agreement provides the choice to the Applicant for deciding the place of 1 of

Renuka 34-ARBAP-58-2026 Arbitration. The Applicant has accordingly decided Mumbai as the place of Arbitration for conduct of Arbitration. In that view of the matter, it would be just and proper to constitute Arbitral Tribunal of a sole Arbitrator. It would be open to parties to apply before the Arbitrator for conduct of online hearing.

3) I accordingly, proceed to pass the following order:- (A) Ms. Pooja Gera, an Advocate of this Court is appointed as sole Arbitrator to adjudicate upon the disputes and differences between the parties arising out of Business Loan Agreement dated 17 January 2024. The contact details of the Arbitrator are as under :

Office Address : C/o. Mr. Chetan Kapadia, Sr. Adv. 1st Floor, 1 Infinity, Cawasji Patel Street, Fort, Mumbai400 001 Email id :

pooja.gera25@gmail.com Contact No.

9975341273 (B) A copy of this order be communicated to the learned sole Arbitrator by the Advocates for the Applicant within a period of one week from the date of uploading of this order. The Applicant shall provide the contact and communication particulars of the parties to the Arbitral Tribunal alongwith a copy of this order. (C) The learned sole Arbitrator is requested to forward the statutory Statement of Disclosure under Section 11(8) read with 2 of

Renuka 34-ARBAP-58-2026 Section 12(1) of the Act to the parties within a period of 2 weeks from receipt of a copy of this order.

(D) The parties shall appear before the learned sole Arbitrator on such date and at such place as indicated by her, to obtain appropriate direction with regard to conduct of the arbitration including fixing a schedule for pleadings, examination of witnesses, if any, schedule of hearings etc.

(E) The fees of the sole Arbitrator shall be as prescribed under the Bombay High Court (Fee Payable to Arbitrators) Rules, 2018 and the arbitral costs and fees of the Arbitrator shall be borne by the parties in equal portion and shall be subject to the final Award that may be passed by the Tribunal.

4) All rights and contentions of the parties are expressly kept open to be agitated before the Arbitral Tribunal.

5) With the above directions, the Application is disposed of. [SANDEEP V. MARNE, J.] 3 of