MONEYWISE FINANCIAL SERVICES PVT LTD vs BALAJI DEPARTMENTAL STORE THROUGH ITS PROPRIETOR SH PRADEEP KUMAR SAINI ALIAS PRADEEP SAINI AND ANR

$~O-29 * IN THE HIGH COURT OF DELHI AT NEW DELHI ARB.P. 756/2025 Date of Decision: 18.11.2025 IN THE MATTER OF: MONEYWISE FINANCIAL SERVICES PVT LTD.....Petitioner Through: Ms. Mehvish Khan and Mr. Aman Choudhary, Advs. versus BALAJI DEPARTMENTAL STORE THROUGH ITS PROPRIETOR SH PRADEEP KUMAR SAINI ALIAS PRADEEP SAINI AND ANR .....Respondents Through: Mr. Harshit Upmanyu, Adv. CORAM: HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) This petition filed under Section 11 of the Arbitration and Conciliation Act, 1996 (hereinafter “said Act”) has arisen out of a Master Loan Agreement (hereinafter “MLA”) dated 17.06.2021. The petitioner claims to have advanced a loan of Rs. 25,27,878/- to the respondents. The loan amount was disbursed to respondent No.1 where respondent No.2 stood as a co-borrower to the said loan facility. 2. There was, thereafter, a default in the repayment of the installments and consequently, the petitioner issued to the respondents a loan 2021. 3. A dispute has arisen which is capable of being adjudicated by way of arbitration as per Clause 8.2 of the MLA. The said clause reads as under: ―Anv disputes, differences, controve