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IN THE HIGH COURT OF DELHI AT NEW DELHI
Mini Pushkarna, J
Axis Finance Limited – Appellant
Versus
Prasad Venkataiah Dakarapu – Respondent
| Table of Content |
|---|
| 1. condonation of delay granted for late filing of petition. (Para 1 , 2) |
| 2. petition for appointment of arbitrator due to borrower default and proper service. (Para 3 , 4 , 5 , 6 , 7 , 8 , 9) |
| 3. evaluation of arbitration clause validity and territorial jurisdiction. (Para 10 , 11 , 12 , 13 , 14) |
| 4. court order appointing a sole arbitrator under section 11(6). (Para 15 , 16 , 17) |
O R D E R
I.A. 25470/2025
1. The present application has been filed under Section 5 of the Limitation Act, 1963, seeking condonation of delay of 139 days in filing the present petition.
2. In view of the averments made in the application, the same is allowed and accordingly, disposed of.
ARB.P. 1673/2025
3. 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 arising out of the Loan Agreement dated 02nd September, 2021, entered into between the petitioner and the respondent.
4. None appears for the respondent, despite service.
5. In this regard, learned counsel for the petitioner has drawn the attention of this Court to the affidavit of service, as per whic
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