L AND T FINANCE LIMITED vs M/S R.K. AUTOMOBILES

Judgment text excerpt

$~38 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 18.02.2026 + ARB.P. 1851/2025 & I.A. 27557/2025 (Delay of 15 days in Re- filing the petition) L AND T FINANCE LIMITED .....Petitioner Through: Mr. Arvind Jadon, Adv. versus M/S R.K. AUTOMOBILES .....Respondent Through: CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) HARISH VAIDYANATHAN SHANKAR, J. 1. The present Petition, filed under Section 11 of the Arbitration and Conciliation Act, 19961, seeks appointment of a Sole Arbitrator for the purpose of resolution of disputes that are stated to have arisen inter se the parties arising out of the Clause 13 as set out in Facility Agreement dated 31.08.2020, and which reads as follows: "13.0 Legal Remedies: Any dispute and/or difference and/or claim that arises between parties or any of them touching or concerning this Facility Agreement/Facility Documents or any condition herein/therein contained or as to the rights, duties or liabilities of parties hereto or any of them either during the continuance of the Facility Agreement or after the completion or termination or purported termination hereof shall be referred to the sole Arbitrator to be appointed by LTF, according to the provisions of Arbitration & 1 Act Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA ARB.P. 1851/2025 Page 1 of 8 Signing Date:21.02.2026 17:11:13 Conciliation Act, 1996 and rules thereunder and any amendment thereto from time to time. (i) No Objection shall be taken by the Dealer on the ground that the Arbitrator so appointed is an employee of LTF or in any way associated with LTF; (ii) It is agreed between the parties hereto that nothing contained in Section 17(1) of Arbitration & Conciliation Act, 1996, shall in any way, affect the right of any of o