Authority: High Court of Judicature at Bombay, Commercial Division
Order Date: 11 September 2026
Case Overview
- Parties: IIFL Finance Limited (Applicant) vs. Ananth Jewelers & Ors (Respondents).
- Under Clause 20 of an Agreement dated 30 November 2023, the parties agreed to arbitration.
- IIFL invoked the arbitration clause by issuing a notice on 27 March 2026.
- The Respondents neither replied to the notice nor filed any affidavit.
- The Court found a valid, subsisting arbitration agreement and confirmed its invocation.
Final Outcome
- Ms. Pranita Saboo, Advocate of this Court, is appointed as the Sole Arbitrator.
- Office address: 6th floor, Aban House, Saibaba Rd, Kala Ghoda, Fort, Mumbai, Maharashtra 400001; Email: office.pranitasaboo@gmail.com.
- A copy of the order will be communicated to the Sole Arbitrator within one week.
- The Applicant must provide contact details of both parties to the Arbitral Tribunal.
- The Sole Arbitrator must forward the statutory Statement of Disclosure (Sec 11(8) & Sec 12(1) of the Act) to the Applicant’s advocates and to the parties within two weeks.
- Parties are to appear before the Arbitrator for directions on pleadings, witness examination, hearing schedule, etc., providing functional email, mobile, and landline numbers.
- Arbitration costs and fees, as per the Institute’s schedule, will be borne equally by the parties initially, subject to adjustment in the final award.
- All merits of the dispute remain open for determination before the appointed arbitrator.
- The order is effective upon download from the Court’s website.
Topics: Arbitration, Commercial Dispute