POONAWALLA FINCORP LIMITED vs M/S DADA MOTORS AND ANR

ARB-501-2025 -1- 201 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH ARB-501-2025 Date of decision : 01.05.2026 Poonawalia Fincorp Limited …….Applicant Versus M/s Dada Motors and another ….Respondents CORAM: HON'BLE MR. JUSTICE SHEEL NAGU, CHIEF JUSTICE Present: Ms. Priyanka Malik, Advocate, for Mr. Pradeep Sharma, Advocate, for the applicant. Mr. Harjot Singh Bedi, Advocate, for the respondents. **** SHEEL NAGU, CHIEF JUSTICE 1. In view of the order passed by the Co-ordinate Bench of this Court on 19.11.2025, this matter has come up for hearing despite the value of the claim being less than Rs. 15 crores. 2. Instant application u/s 11 (6) of Arbitration and Conciliation Act, 1996 (for brevity, ‘1996 Act’), seeks appointment of Arbitrator. 3. Reply filed on behalf of the respondents is taken on record and perused. 4. The rival parties herein entered into lease agreement dated 06.12.2020 (Annexure P-2) in respect of office premises at Savitri Complex, 1 Dholewal Chowk, G.T. Road, Ludhiana, containing an arbitration clause as follows : NAROTAM DASS “23.. Arbitration 2026.05.06 09:18 I attest to the accuracy and authenticity of this order/judgment ARB-501-2025 -2- 23.1 If any di