Authority: High Court of Judicature at Bombay, Commercial Division
Order Date: 21 October 2026
Case Overview
- Applicant: IndusInd Bank Limited
- Respondent: Gogreen Warehouses Private Limited
- Dispute arises from a Collateral Management Agreement dated 2 February 2022, containing an arbitration clause in Clause 28.
- IndusInd Bank invoked the arbitration agreement by issuing a notice on 17 April 2026 (pages 63‑68 of the application) and filed an application under Section 11 of the Arbitration and Conciliation Act, 1996.
- The Court examined the record, confirmed the existence of a valid and subsisting arbitration agreement, and found it duly invoked.
Final Outcome
- Ms. Shruti Tulpule, Advocate of this Court, is appointed as the sole Arbitrator to adjudicate the disputes arising out of the Collateral Management Agreement.
- Office address and contact details of the Arbitrator are provided.
- The Applicant’s counsel must communicate a copy of this Order to the Arbitrator within one week and furnish contact particulars of the parties.
- The Arbitrator is required to forward the statutory Statement of Disclosure under Section 11(8) read with Section 12(1) within two weeks of receiving the Order.
- Parties shall appear before the Arbitrator on dates to be fixed for directions on pleadings, witness examination, and hearing schedule, providing valid email and telephone contacts for service of correspondence.
- Arbitration costs and fees are to be borne equally by the parties initially, subject to adjustment by the final Award.
- All questions, including arbitrability, remain open for determination by the Arbitrator, who may adjudicate claims, counter‑claims, and merits in accordance with law.
- The order is to be implemented upon receipt of a downloaded copy from the Court’s website.
Topics: Arbitration, Banking Dispute