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COMMERCIAL ARBITRATION APPLICATION NO. 119 OF 2024

High Court: Bombay High Court Bench: BOMBAY
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2026-10-25 04:03:55
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Issue of Consideration

COMMERCIAL ARBITRATION APPLICATION NO. 119 OF 2024

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Case Details

2025 LawText (BOM) (06) 50

Commercial Arbitration Application No. 119 of 2024

2025-06-18

Somasekhar Sundaresan, J.

2025:BHC-OS:9267

Pankaj Jain, Pradeep Purohit, Chirag Mody, Yash Momaya, Parag Khandhar, Tapan Radkar, Anaheeta Verma

Mangal Credit And Fincorp Limited Through Its Authorised Representative Mr. Dhirav Kishor Veera

GBL Chemical Limited & Ors

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Nature of Litigation

Application under Section 11 of the Arbitration and Conciliation Act, 1996

Remedy Sought

Reference of disputes to arbitration

Filing Reason

Disputes arising under a Loan Agreement dated March 30, 2024 containing an arbitration clause

Judgment Excerpts

This is an Application filed under Section 11 of the Arbitration and Conciliation Act, 1996 (“the Act”) seeking reference of disputes and differences between the parties pursuant to which the four Respondents have been designated as borrowers in respect of a loan extended by the Applicant. The Loan Agreement is dated March 30, 2024. The arbitration clause is contained in Clause 8.2 (found at Page 46 of the Application).

Acts & Sections

  • Arbitration and Conciliation Act, 1996: Section 11
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Tags :
Arbitration Section 11 Loan Agreement Commercial Division Bombay High Court

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