TATA CAPITAL HOUSING FINANCE LTD vs HEMANT RUDRA AND ORS

Judgment text excerpt

$-6 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 518/2025 and I.A. 7507/2025 Date of Decision: 17.10.2025 IN THE MATTER OF: TATA CAPITAL HOUSING FINANCE LTD 11th FLOOR, TOWER A, PENISULA BUSINESS PARK, GANPATRAO KADARN MARG, LOWER PAREL, MUMBAI – 400013 ALSO AT, B36, 1st & 2nd FLOOR, LAJPATNAGAR, NEW DELHI-110024 THROUGH ITS AUTHORIZED REPRESENTATIVE MR.ASHISH KURNAR ..... PETITIONER Through: Ms. Shobha Gupta, Ms. Akshita Mishra, Ms. Simranjeet Kaur and Ms. Manasvi Negi, Advocates. Versus 1. HEMANT RUDRA B-506, PARS VNATH PRESITGE, PLOT NO.002, SECTOR-93-A,NOIDA EXPRESSWAY, U.P-20 1304 2. JYOTI RUDRA B-506,PARSVNATH PRESITGE ,PLOT NO.002, SECTOR-93-A, NOIDA,U.P-201304 3. PARSVNATH DEVELOPERS LTD. THROUGH ITS DIRECTORS REGISTERED OFFICE AT- PARSVNATH METRO TOWER, NEAR Signature Not Verified Signature Not Verified Signed By:NEHA CHOPRA Signed Signing Date:29.10.2025 By:PURUSHAINDRA 10:36:44 1 KUMAR KAURAV SHAHDRA METRO STATION, SHAHDARA. DELHI EAST- 110032 ALSO AT: CORPORATE OFFICE AT : 6TH FLOOR, ARUNACHAL BUILDING, 19, BARAKHARNBA ROAD, NEW DELHI- 110001 .... RESPONDENTS Through: None for R-1 and 2 Counsel for R-3 (appearance not given) HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) The present petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 (the 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 29.09.2012 (the Loan Agreement). 2. Learned counsel for the petitioner has placed on record the service affidavit which reads as under:- ―AFFIDAVIT OF SERVICE I, Advocate Shobha Gupta, counsel for plaintiff having Office at C-35 South Extension Part-2 do hereby affirms and decl