MANGAL CREDIT AND FINCORP LIMITED vs ULKA CHANDRSHEKHAR NAIR

063. ) ...Applicant Versus Ulka Chandrshekhar Nair ) Gunvant Villa, 7 Bungalows, Versova ) Andheri West, Mumbai 400 061. ) ...Respondent ______________________________________________________ Mr. Pankaj Jain, a/w Pradeep Purohit i/by P. D. Jain & Co., for the Applicant. Mr. Reshant V. Shah, i/by Lex Conseiller Shah, for the Respondent (appeared online). ______________________________________________________ CORAM : ADVAIT M. SETHNA, J. RESERVED ON : 26 SEPTEMBER 2025 PRONOUNCED ON : 1 OCTOBER 2025 JUDGMENT: 1. This is an Application under Section 11 of the Arbitration and Conciliation Act, 1996 (“ACA” for short) praying for an appointment of a sole arbitrator under Section 11 of the ACA. This is to adjudicate disputes between the Applicant and the Respondent, arising out of the 1-ARBAPL-29984-2023.DOCX Mortgage Deed dated 28 December 2020 (“The said Mortgage Deed” for short) which entails an Arbitration Clause. Issue:- 2. The intriguing Issue that falls for determination in these proceedings revolves around the existence, maintainability and entertainability of the arbitration clause/agreement contained in the said Mortgage Deeds, given the Respondent’s contention that on account o