M/S MONEYWISE FINANCIAL SERVICES PVT LTD vs SH RAJINDER SINGH CHEEMA PROPRIETOR OF APOLLO SALES CORPORATION AND ANR

Judgment text excerpt

$~6 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 20.05.2026 + ARB.P. 303/2026 & I.A. 4247/2026 (Ex. From filing original documents) M/S MONEYWISE FINANCIAL SERVICES PVT LTD .....Petitioner Through: Mr. Mehvish Khan and Mr. Aman Choudhary, Advocates. versus SH RAJINDER SINGH CHEEMA PROPRIETOR OF APOLLO SALES CORPORATION AND ANR .....Respondents Through: None. 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 in terms of Clause 8.2 of the Loan Agreement dated 23.08.20242 to adjudicate the disputes inter se the parties. The said Clause reads as under: “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 limitation, any question regarding its existence, validity, interpretation, construction, performance, enforcement, rights and liabilities of the 1 Act 2 Agreement Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA Signing Date:21.05.2026 ARB.P. 303/2026 Page 1 of 7 13:00:15 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 failing which the sole arbitrator shall be appointed in accordance with the Arbitration Act. The language of the arbitration shall be English. The seat of the arbitration shall