This application has been filed for appointment of a sole arbitrator in respect of a dispute arose between the petitioner and the respondents with regard to a Loan Agreement dated 21.09.2017.
2. Despite service of notice and name printed in the cause list, none appeared for the respondents.
3. The parties are governed by the agreement and Clause 20 of the Agreement provides for reference of the dispute to the arbitrator
4. Accordingly, it is ordered as follows:
i) that Mr.A.Vikash, Advocate, No.160, Thambu Chetty Street, Hussain Plaza, First Floor, Broadway, Chennai – 600 001, Mobile No. 9444467010 is appointed as a Sole Arbitrator to enter upon reference and adjudicate the matter.
ii] That the learned Arbitrator appointed herein, shall after issuing notice to the parties and upon hearing them, pass https://www.mhc.tn.gov.in/judis/ 2/4 Arb.O.P.No.100 of 2021 an award as expeditiously as possible, preferably within a period of six months from the date of receipt of the Order.
iii] That the learned Sole Arbitrator appointed herein shall fix his fees and other incidental charges and the same shall be borne by the parties equally.
5. This Original Petition is ordered accordingly, leaving the parties to bear their own costs.
16.09.2021 Index : Yes / No Internet: Yes Speaking/non speaking order vrc To Mr.A.Vikash, Advocate, No.160, Thambu Chetty Street, Hussain Plaza, First Floor, Broadway, Chennai – 600 001. Mobile No.9444467010 https://www.mhc.tn.gov.in/judis/ 3/4 Arb.O.P.No.100 of 2021 N. SATHISH KUMAR, J.
vrc order in:
Arb.O.P.No.100 of 2021 16.09.2021 https://www.mhc.tn.gov.in/judis/ 4/4