MONEYWISE FINANCIAL SERVICES PVT LTD vs SHREE MANIBHADRA AGENCY AND ORS

Judgment text excerpt

$~2 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 24.04.2026 + ARB.P. 280/2026 MONEYWISE FINANCIAL SERVICES PVT LTD .....Petitioner Through: Mr. Ranjil Kumar Dubey, Mr. Pankaj Kumar and Mr. Abhay Pandey, Advocates. versus SHREE MANIBHADRA AGENCY AND ORS ...Respondents Through: None. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) 1. The present Petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 [“Act”], seeking appointment of a Sole Arbitrator to adjudicate upon the disputes inter se the parties, arising out of the Loan Agreement dated 29.02.2024 [“Agreement”] executed between the parties. 2. The Agreement contains a dispute resolution mechanism, which contemplates adjudication of disputes, arising between the parties, by way of Arbitration. The relevant stipulation is contained as Clause 8.2 of the Agreement [“Arbitration clause”]. The same reads as follows:- “8.2 Arbitration: Any disputes, differences, controversies and questions directly or indirectly arising at any time hereafter between the Parties or their respective representatives or assigns, arising out of or in connection with this Agreement (or the subject matter of this Agreement), including, without Signature Not Verified Digitally Signed By:VARNIKA ARB.P. 280/2026 Page 1 of 8 Signing Date:28.04.2026 11:45:34 limitation, any question regarding its existence, validity, interpretation, construction, performance, enforcement, rights and liabilities of the Parties, or termination ("Dispute") thereof shall be finally settled by arbitration in accordance with the Arbitration and Conciliation Act, 1996, as amended ("Arbitration Act"). The Dispute shall be referred to a sole arbitrator duly appointed by the Parties with mutual consent fa