M/S MONEYWISE FINANCIAL SERVICES PVT LTD vs MR. AJIT SINGH SETHI PROPRIETOR OF SIMAR FORGE AND ANR

Judgment text excerpt

$-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 1555/2025 Date of Decision: 10.11.2025 IN THE MATTER OF: 1. M/S MONEYWISE FINANCIAL SERVICES PVT LTD THROUGH ITS AUTHORIZED REPRESENTATIVE SH. PUNEET KUMAR GOYAL SIO LATE SH. A.K. GOYAL AT:- 11/6-B, 2ND FLOOR, SHANTI CHAMBER, PUSA ROAD, NEW DELHI-110005 ..... PETITIONER Through: Ms.Mehvish Khan and Mr.Aman Choudhary, Advocates. Versus 1. MR. AJIT SINGH SETHI S/O MR SAT PAL SINGH SETHI PROPRIETOR OF SIMAR FORGE AT:- SHOP NO. 13, DALJIT MARKET, KOT MANGAL SINGH CHOWK, LUDHIANA PUNJAB- 141003 ALSO AT:- KOTHI NO- 240, PHASE- 1, SAS NAGAR, MOHALl RUPNAGAR, PUNJAB- 160055 2. MS. JASJEET KAUR SETHI W/O MR. AJIT SINGH SETHI AT:- KOTHI NO- 240, PHASE- 1, SAS NAGAR, MOHALl, RUPNAGAR, PUNJAB- 160055 .... RESPONDENTS Through: None. Signature Not Verified Signature Not Verified Signed By:NEHA CHOPRA Signed Signing Date:14.11.2025 By:PURUSHAINDRA 17:16:50 1 KUMAR KAURAV 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 Act), seeking appointment of an Arbitrator, to adjudicate upon the disputes that have arisen between the parties under Master Loan Agreement dated 28.10.2025 (the Agreement). 2. Learned counsel for the petitioner submits that respondent no.1 has been served through email, whatsapp as well as by registered post, whereas, respondent no.2 has only been served by email and whatsapp. She also submits that respondent no.2 is the wife of respondent no.1. 3. Learned counsel for the petitioner has placed on record the service affidavit which reads as under:- “AFFIDAVIT I, Aman Choudhary S/o Sh. Arvind Choudhary Aged about 24, Counsel for the Petitioner Company, Having Chamber