Per: D. Arvind, Member (Technical)

1. The Court is convened through hybrid mode.

2. Learned Sr. Counsel/Counsel appearing on behalf of the parties were heard at length.

3. This is an application, i.e., IA (I.B.C)/542(KB)2024 preferred by Century Aluminium Manufacturing Company Limited (“Applicant”/ “Corporate Debtor”) against Religare Finvest Limited “Respondent”/ “Financial Creditor”) seeking following relief(s), inter alia: -

a) An Order and/or direction be made referring the disputes between the parties to arbitration;

b) An Order thereby dismissing the petition being C.P.(IB)/142(KB)/2023; c) An Order thereby staying the proceeding being C.P.(IB)/142(KB)2023 till disposal of the present application; d) Ad-interim Order(s) in terms of Prayers above;

e) Costs;

f) Further and/or other Orders and/or directions as this Hon’ble Tribunal may deem fit and proper.

4. Factual matrix of the case is as under: - a) A loan agreement dated 14.09.2015 was executed by and between the Applicant and Respondent. The loan agreement contained an arbitration clause at Clause 20. P a g e 3 | 18 b) As the Applicant defaulted in re-payment of loan, the Respondent issued a recall notice and notice of invoca