Kotak Mahindra Bank Arbitration Sole Arbitrator Appointed

Authority: High Court of Judicature at Bombay, Commercial Division

Order Date: 15 October 2026

Parties: Applicant – Kotak Mahindra Bank Limited; Respondent – Sandesh Tukaram Ranmale.
Dispute Basis: Differences arising out of a Term Loan Agreement dated 10 March 2023, containing an arbitration clause in Clause 10.15.
Arbitration Invocation: Kotak Mahindra Bank issued a notice invoking the arbitration agreement on 11 April 2025 under Section 11 of the Arbitration and Conciliation Act, 1996.
Jurisdiction: The Court found a valid and subsisting arbitration agreement and confirmed that the matter falls within its jurisdiction to refer to arbitration.

Arbitrator Appointment: Ms. Radhika Kulkarni, Advocate of this Court, is appointed as the Sole Arbitrator.
Office Address: Office No.12, 2nd Floor, Dariya Building, above Arti Book Depot, Fort, Mumbai.
Contact No.: 99307 63403
Procedural Directions:
A copy of this Order to be communicated to the Sole Arbitrator by the Applicant’s advocates within one week.
Parties must provide the arbitrator with contact particulars of their advocates and submit the statutory Statement of Disclosure under Section 11(8) read with Section 12(1) of the Act.
Parties shall appear before the Sole Arbitrator on dates and places indicated for directions on pleadings, witness examination, and hearing schedule. Valid email and telephone details of advocates shall constitute service of correspondence.
Arbitration costs and fees are to be borne equally by the parties initially, subject to adjustment by the final award of the Arbitral Tribunal.
All actions required under this order shall be taken upon receipt of a downloaded copy from the Court’s website.

Topics: Arbitration, Banking