2022/DHC/004654

Page 1 of 17

$~2

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IN THE HIGH COURT OF DELHI AT NEW DELHI

Date of decision: 04^thNovember, 2022

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ARB.P. 453/2021

BELL FINVEST INDIA LIMITED & ORS

..... Petitioners

Through: Mr. Sanjeev Bhandari with

Mr.Ravi Data and Mr. Kunal,

Advocates.

versus

A U SMALL FINANCE BANK LIMITED

..... Respondent

Through:

Mr. Shivam Singh, Advocate

with

Mr.

Abhinav

Singh,

Mr.Manish Kumar and Mr. Avi

Srivastava, Advocates.

CORAM:

HON'BLE MR. JUSTICE ANUP JAIRAM BHAMBHANI

J U D G M E N T

ANUP JAIRAM BHAMBHANI J.

By way of the present petition under section 11 of the

Arbitration & Conciliation Act, 1996 („A&CAct‟ for short), the

petitioners seek appointment of an arbitrator to adjudicate upon the

disputes that are stated to have arisen with the respondent from Rupee

Facility Agreement dated 26.04.2019 („Rupee Facility Agreement‟).

2.

Notice on this petition was issued on 07.04.2021; whereupon

counter-affidavit dated 05.07.2021 was filed by the respondent.

3.

Mr. Sanjeev Bhandari, learned counsel for the petitioner has

premised his submissions on section 11 of the Securitisation and

Reconstruction of Financial Assets and Enforcement of S