AAPKA HUMDUM SOLUTIONS AND SERVICES LLP vs HARSH DODEJA

$-2 * IN THE HIGH COURT OF DELHI AT NEW DELHI ARB.P. 1907/2024 Date of Decision: 24.04.2025 IN THE MATTER OF: AAPKA HUMDUM SOLUTIONS AND SERVICES LLP .....Petitioner Through: Mr.Zakir Hussain and Mr.Rashid Ali, Advocates. versus HARSH DODEJA .....Respondent Through: Mr.Amrendra Ray, Advocate. HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) 1. The present petition has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 (the 1996 Act) by the petitioner, seeking appointment of an Arbitrator, to adjudicate upon the disputes that have arisen between the parties under the Loan Agreement dated 30.09.2022. 2. The facts of the case would indicate that the petitioner is a Non- Banking Financial Company (NBFC) carrying out its business of granting various types of loans to the customer in the territory of India. The respondent has availed a short term on Demand Loan for one day from petitioner-Company vide agreement dated 30.09.2022 for balance transfer of 3. As per the agreement dated 30.09.2022, respondent was bound to make the repayment within one day or maximum within 15 days since the date of execution of Agreement and di