ORDER

The notices sent to the respondents have been duly served. The acknowledgement cards along with the affidavit of service have been filed by the learned counsel for the petitioner. Despite serving notice on the respondents and printing the names of the respondents in the cause- list today, the respondents remain unrepresented. Hence, the respondents are set exparte.

2. This petition has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 seeking for appointment of an arbitrator. 3. There seems to be dispute between the petitioner and the respondents arising out of the Loan Agreement and Unattested Deed of Hypothecation bearing Contract No.10151205, dated 27.08.2022. There exists an arbitration clause in the Loan Agreement and Unattested Deed of Hypothecation bearing Contract No.10151205, dated 27.08.2022 and the same is extracted hereunder :-

“66. Dispute Resolution : All claims and disputes arising under or relating to this Loan Agreement are to be settled by binding arbitration in the State of Tamil Nadu, specifically Chennai or another location as desired by the lender. The arbitration shall be conducted on a confidential basis and shall be subject to t