Authority: High Court of Judicature at Bombay, Commercial Division

Order Date: 10 September 2026

Case Overview

  • Applicant: Yes Bank Ltd, represented by authorised signatory Ms Priya Bhange.
  • Respondent: Mr Krunal Himmatlal Shah (no appearance or reply filed).
  • The dispute arises from an Agreement dated 5 July 2024, containing an arbitration clause (Clause 2).
  • Yes Bank invoked the arbitration clause by issuing a notice on 3 October 2025 under Section 11 of the Arbitration and Conciliation Act, 1996.
  • The respondent neither responded to the notice nor filed any affidavit.
  • The Court examined the record, confirmed the existence of a valid and subsisting arbitration agreement, and found it duly invoked.

Final Outcome

  • The Court appoints Mr Jash Gandhi as the Sole Arbitrator to adjudicate the disputes arising out of the July 2024 Agreement.
  • Arbitrator’s Office Address: 3rd Office, Brady House Building, 2nd Floor, Kala Ghoda, Mumbai – 400 001; Email: jaasshgandhi@gmail.com.
  • Within one week, the Applicant’s advocates must forward a copy of this Order to the Sole Arbitrator and provide contact particulars of both parties.
  • The Sole Arbitrator must forward the statutory Statement of Disclosure (Section 11(8) & Section 12(1) of the Act) to the Applicant’s advocates for filing in the Court registry and to the Respondent’s advocates within two weeks of receiving the Order.
  • Parties are to appear before the Arbitrator on a date and place to be indicated, to set directions for pleadings, witness examination, hearing schedule, and to provide valid email, mobile, and landline numbers of their respective advocates; such email communications will constitute valid service.
  • Arbitration costs and fees of the Tribunal shall be borne equally by the parties initially, subject to adjustment by the final award.
  • All merits of the dispute remain open for determination by the appointed arbitrator.
  • The order is to be implemented upon receipt of a downloadable copy from the Court’s website.

Topics: Arbitration, Banking Dispute