JUDGMENT

[VIA VIDEO CONFERENCING]

Sanjeev Narula, J. (Oral)--The present petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 [hereinafter, "A&C Act"] seeking appointment of a Sole Arbitrator for reference of disputes arising between the parties.

THE PARTIES

2. Respondent No. 1 - Sunworld Residency Pvt. Ltd. [hereinafter, "Sunworld"] is a Real Estate Developer, which had undertaken construction of the Group Housing Society -`Sunworld Arista' in Sector 168, Noida, U.P. Petitioner No. 1 - Priyanka Taksh Sood and her late husband Shri Taksh Krishna Dass [hereinafter collectively referred to as the "Allottees"] were joint allottees of Flat No. T-1/1701, 174th Floor, Tower-1, (super built-up area admeasuring approximately 2100 square ft.), Sunworld Arista, Sector 168, Noida, U.P. [hereinafter, "subject flat"]. Shri Taksh Krishna Dass passed away on 20th April, 2021 and is being represented by his legal heirs viz. Petitioner No. 2 (his mother), 3 and 4 (his minor son and daughter respectively). Respondent No. 2 is ICICI Bank Limited which has granted loan to the Allotees under the agreement, referred to hereinafter.

3. The parties entered into the