M/S Moneywise Financial Services ... vs Lakshya Polytex Private Limited ...
Judges (1)
Case Significance
M/S Moneywise Financial Services ... vs Lakshya Polytex Private Limited ... is a Delhi High Court decision dated December 18, 2024 (citation: ik-96530065). Moneywise Financial Services sought appointment of an arbitral tribunal under Section 11 of the Arbitration Act to adjudicate disputes arising from a Loan Agreement dated 20.10.2018 with Lakshya Polytex and its co-borrowers. The court appointed a sole arbitrator to adjudicate the disputes under the aegis of DIAC, keeping open the respondents' right to raise jurisdictional objections. The case was heard by Justice Sachin Datta. Counsel appearing: Mehvish Khan (counsel for petitioner), Mukul Katyal (counsel for respondent).
Summary
Moneywise Financial Services sought appointment of an arbitral tribunal under Section 11 of the Arbitration Act to adjudicate disputes arising from a Loan Agreement dated 20.10.2018 with Lakshya Polytex and its co-borrowers. The court appointed a sole arbitrator to adjudicate the disputes under the aegis of DIAC, keeping open the respondents' right to raise jurisdictional objections.
What was the outcome of M/S Moneywise Financial Services ... vs Lakshya Polytex Private Limited ...?
Moneywise Financial Services sought appointment of an arbitral tribunal under Section 11 of the Arbitration Act to adjudicate disputes arising from a Loan Agreement dated 20.10.2018 with Lakshya Polyt...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-96530065)