$~28 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P. (T) (COMM.) 72/2025 PUNJAB NATIONAL BANK .....Petitioner Through: Mr. Devashish Bharuka, Sr. Adv.

with Mr. Anant Upadhyay, Ms. Payal Upadhyay , Advocates versus BANK OF INDIA .....Respondent Through: Mr. Ashish Rana, Advocate CORAM:

HON'BLE MS. JUSTICE MINI PUSHKARNA

O R D E R

% 13.02.2026

1. The present petition has been filed under Section 15 of the Arbitration and Conciliation Act, 1996, (“Arbitration Act”) seeking appointment of a substitute Arbitrator, on account of recusal by the earlier appointed Arbitrator.

2. Learned counsel for the respondent puts in appearance and submits that he has no objection if a substitute Arbitrator is appointed to adjudicate the disputes between the parties.

3. However, he submits that since there is no claim amount involved in the dispute between the parties, the fees of the learned Arbitrator ought to be reasonable.

4. Learned counsels for the parties jointly submit that the arbitration be proceeded under the aegis of the Delhi International Arbitration Centre fees. However, they submit that in case any consensus is not reached as regards the fees, though the arbitration be held under the aegis