$~3 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 1965/2024 AXIS FINANCE LIMITED .....Petitioner Through: Mr. Ankush Bharadwaj, Ms.

Vanshika Garg, Mr. Vedanta Rawat, Advocates versus KRISHNA DA & ANR. .....Respondents Through:

CORAM:

HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD

O R D E R

% 05.12.2025

1. This Petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 seeking appointment of an Arbitrator to adjudicate on the disputes which have arisen between the parties under the Loan Agreement dated 17.12.2022.

2. It is stated that under the said Agreement, the Petitioner, which is a non-banking financial company, has sanctioned a personal loan facility of Rs.31,28,537/- to the Respondents. It is stated that the Respondents have failed to comply with their obligations and, therefore, disputes have arisen between the parties. It is also stated that a Loan Recall Notice was issued to the Respondents to pay the outstanding amount as on date about Rs.31,47,678/- is due and payable.

3. A notice dated 03.10.2024 under Section 21 of the Arbitration and Conciliation Act, 1996, was sent by the Petitioner to the Respondents invoking Arbitration. It is stated that Clau