Indiabulls Housing Finance Ltd. vs Manish Kumar And Anr.
Judges (1)
Counsel (1)
Case Significance
Indiabulls Housing Finance Ltd. vs Manish Kumar And Anr. is a Delhi High Court decision dated December 17, 2024 (citation: ik-187001790). Indiabulls Housing Finance Ltd. sought appointment of an arbitrator under Sections 11(6) and 11(8) of the Arbitration Act to adjudicate disputes arising from loan agreements executed in March 2018 for purchase of a flat in Sohna, Gurugram. The loan agreement contained an arbitration clause but also named Indiabulls as the appointing authority, which the court found vitiated under the principles established in Perkins Eastman and TRF Limited. Dr. Chandra Shekhar, Advocate, was appointed as Sol The case was heard by Justice Sachin Datta. Counsel appearing: Raghav Khanna (counsel for petitioner).
Summary
Indiabulls Housing Finance Ltd. sought appointment of an arbitrator under Sections 11(6) and 11(8) of the Arbitration Act to adjudicate disputes arising from loan agreements executed in March 2018 for purchase of a flat in Sohna, Gurugram. The loan agreement contained an arbitration clause but also named Indiabulls as the appointing authority, which the court found vitiated under the principles established in Perkins Eastman and TRF Limited. Dr. Chandra Shekhar, Advocate, was appointed as Sole Arbitrator with fees as per the IVth Schedule.
What was the outcome of Indiabulls Housing Finance Ltd. vs Manish Kumar And Anr.?
Indiabulls Housing Finance Ltd. sought appointment of an arbitrator under Sections 11(6) and 11(8) of the Arbitration Act to adjudicate disputes arising from loan agreements executed in March 2018 for...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-187001790)