O R D E R

1. The present petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”), seeking appointment of a sole Arbitrator for adjudication of disputes between the parties arising out of a Loan Agreement dated 14th August, 2020.

2. Notice had been issued to the respondents on the last date of hearing.

3. As per the Office Noting, the respondents stand served by E-mail sent by the Registry. Further, affidavit of service has also been filed by the petitioner, showing the proof of service to the respondents.

4. However, none appears on behalf of respondent nos. 1 and 2, despite service.

5. Accordingly, this Court proceeds to deal with the matter.

6. As per the facts on record, the respondents approached the petitioner for availing a mortgage loan. Pursuant thereto, the petitioner disbursed a loan of Rs.19,92,638/- (Rupees Nineteen Lacs Ninety-Two Thousand Six Hundred and Thirty-Eight), which had to be repaid in 180 equal monthly instalments. However, the respondents failed to comply with the repayment terms and conditions, as stipulated in the Loan Agreement.

7. As per the statement of account maintained by the petitioner, the resp