AKASH KATYAL & ANR. vs PHYSICSWALLAH LTD & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 13.05.2026 ARB.P. 674/2026 AKASH KATYAL & ANR. .....Petitioners Through: Mr. Prabhjit Jauhar, Ms. Shreya Narayan, Ms. Shreyangana Bag & Ms. Misha Thakur, Advs. versus PHYSICSWALLAH LTD & ANR. .....Respondents Through: Mr. Shashwat Mukherjee & Mr. Aditya Maheshwari, Advs. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGMENT (ORAL) 1. The present Petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 [“Act”] seeking reference of the disputes to arbitration by appointment of a Sole Arbitrator in terms of the Lease Deed dated 22.02.2023 [“Lease Deed”], particularly Clause 26 thereof. The relevant clause of the Lease Deed is reproduced hereinbelow: “26. That in case of any dispute, both parties shall be approaching a mutually agreed arbitrator for resolving the problem. If the dispute continues further then the parties can move to Delhi jurisdiction.” 2. The material on record reflects that the statutory requirement under Section 21 of the Act stands duly complied with by issuance of 3. Mr. Shashwat Mukherjee, learned counsel appearing on behalf of the Respondents, enters appearance