MONEYWISE FINANCIAL SERVICES PVT LTD vs MR RANVEER SINGH PROPRIETOR OF DELHI BANGALORE FREIGHT CARRIER AND ANR

Judgment text excerpt

$~2 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 12.05.2026 + ARB.P. 140/2026, I.A. 1686/2026 (Ex. From filing original documents) & I.A. 1687/2026 (Delay of 23 days in re-filing the petition) MONEYWISE FINANCIAL SERVICES PVT LTD .....Petitioner Through: Ms. Arunima Singh Jadaun, Advocate versus MR RANVEER SINGH PROPRIETOR OF DELHI BANGALORE FREIGHT CARRIER AND ANR .....Respondents Through: None CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR % JUDGEMENT (ORAL) 1. The present Petition, under Section 11 of the Arbitration and Conciliation Act, 1996 [“Act”], seeks the appointment of a Sole Arbitrator to adjudicate upon the disputes stated to have arisen inter se the parties. 2. Learned counsel appearing for the Petitioner draws the attention of this Court to Clause 8.2 of the Loan Agreement dated 02.04.20241, which sets out the Arbitration clause 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, 1 Agreement Signature Not Verified Digitally Signed By:HARVINDER KAUR BHATIA Signing Date:13.05.2026 ARB.P. 140/2026 Page 1 of 7 19:07:40 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 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 sh