Authority: High Court of Judicature at Bombay
Order Date: 7 October 2026
Case Overview
- Parties: IIFL Finance Limited (Applicant) vs. Kunal Electronics & Another (Respondents).
- Underlying Agreement: Contract dated 16 March 2024 containing an arbitration clause (Clause 26).
- Arbitration Invocation: Applicant served a notice of arbitration on 24 March 2026.
- The court examined the record, confirmed a valid and subsisting arbitration agreement, and found it duly invoked.
- The court ordered the matter to be referred to arbitration before a sole arbitrator.
Final Outcome
- Appointment: Ms. Deepali A Bagla, Advocate of the Court, is appointed as the Sole Arbitrator.
- Office Address: Sukhia Building, 2nd Floor, Cawasji Patel Street, Fort, Mumbai 400001.
- Mobile: 9920378770
- Procedural Directions:
1. A copy of the order to be communicated to the Sole Arbitrator within one week.
2. Applicant to provide contact and communication particulars of both parties to the Arbitral Tribunal.
3. Sole Arbitrator to forward statutory Statement of Disclosure (Section 11(8) & Section 12(1) of the Act) to the Applicant’s advocates for filing in the Court registry.
4. Parties to appear before the Sole Arbitrator on dates indicated for directions on pleadings, witness examination, and hearing schedule; they must furnish valid email addresses and phone numbers of their advocates.
5. Arbitration costs and fees to be borne equally by the parties initially, subject to adjustment by the final award.
- The Sole Arbitrator is empowered to adjudicate all claims, counter‑claims, and merits in accordance with law.
- All actions under this order to be taken upon receipt of a downloaded copy from the Court’s website.
- The Commercial Arbitration Application is disposed of as per the above terms.
Topics: Arbitration, Court Order, Financial Services