$-2 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 2110/2024 Date of Decision: 13.02.2025 IN THE MATTER OF:

CARS 24 FINANCIAL SERVICES PRIVATE LIMITED ..... PETITIONER Through: Mr. Rit Arora and Mr.Anurag Arora, Advocates..

Versus ANIL KUMAR & ANR. .... RESPONDENTS Through: None.

HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV

JUDGEMENT

PURUSHAINDRA KUMAR KAURAV, J. (ORAL)

1. The petitioner in the instant petition prays for the following relief:-

“Pass an order or direction appointing a sole Arbitrator and/or constituting Arbitral Tribunal in accordance with the terms of the Arbitral Clause contained in the Arbitration Agreement and under the provisions of the Section 11(5) of the Arbitration and Conciliation Act, 1996, to adjudicate upon the dispute(s) and claim(s) arising between the parties”

2. Learned counsel for the petitioner submits that the petitioner is a Private, Non-Banking Financial Company registered with the Reserve Bank of India, and a wholly-owned subsidiary of Cars24 Services Private Limited. The petitioner-company is engaged in offering various lending products to customers. He submits that respondent no. 1 and respondent no. 2 are co- borrowers and signatories to the C