HERO FINCORP LIMITED vs COMPUTECH SOLUTION & ORS.

Judgment text excerpt

$~50 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 15.05.2026 + ARB.P. 2145/2025 HERO FINCORP LIMITED .....Petitioner Through: Mr. Sanjeeev Pathak, Advocate. versus COMPUTECH SOLUTION & ORS. .....Respondents Through: Mr. Deepak Agrawal, Ms. Ruchika Jain and Ms. Himanshi Pal, Advocates. CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) 1. The present Petition has been filed under Section 11 of the Arbitration and Conciliation Act, 19961 seeking the appointment of a Sole Arbitrator to adjudicate the disputes, arising out of the Facility Agreement dated 30.05.20242. 2. The Agreement contains a stipulation which contemplates adjudication of disputes, arising out of the Agreement, by way of Arbitration. The relevant stipulation is contained in Clause 20 of the Agreement3. The relevant portion, being Clause 20.1, reads as follows: “20. DISPUTE RESOLUTION 20.1 All disputes, claims, controversy or difference or questions between the Parties arising out of or relating to the Facility 1 Act 2 Agreement 3 Arbitration clause Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA Signing Date:16.05.2026 ARB.P. 2145/2025 Page 1 of 8 13:33:21 Documents (including a dispute relating to the validity or existence of any Facility Documents) shall be referred to arbitration by a sole arbitrator where both Parties shall mutually decide and appoint one arbitrator. The arbitration proceedings shall be conducted in accordance with the Arbitration and Conciliation Act, 1996, including the statutory amendments thereof. The venue, place and the seat of arbitration shall be New Delhi and the language of the arbitration shall be English. The award including interim award(s) of the arbitral tribunal shall be final, conclusive and binding on all the Pa