$~11, 13 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 1499/2024 INDIABULLS COMMERCIAL CREDIT LTD .....Petitioner Through: Mr. Rajiv Nayar, Senior Advocate with Mr. Ankit Banati, Mr. Adith Nair and Mr. Naman Gowda, Advocates. versus AMBIENCE PROJECTS AND INFRASTRUCTURE PVT LTD .....Respondent Through: Mr. P.K. Agrawal, Mr. V. AnushRaajan, Mr. Akshay Chitkara, Ms. Sanjoli Gupta, Mr. Rishabh Tomar and Mr. Darpan Jain, Advocates. + ARB.P. 1501/2024 SAMMAAN CAPITAL LIMITED .....Petitioner Through: Mr. Rajiv Nayar, Senior Advocate with Mr. Ankit Banati, Mr. Aditi Nair and Mr. Shubham Madaan, Advocates. versus AMBIENCE PROJECTS AND INFRASTRUCTURE PVT LTD .....Respondent Through: Mr. P.K. Agrawal, Mr. V. AnushRaajan, Mr. Akshay Chitkara, Ms. Sanjoli Gupta, Mr. Rishabh Tomar and Mr. Darpan Jain, Advocates. CORAM: HON'BLE MR. JUSTICE MANOJ KUMAR OHRI O R D E R % 12.02.2025 1. By way of present petitions filed under Section 11(5)& (6) of the Arbitration and Conciliation Act, 1996 (hereinafter, referred to as the ‘A&C Act’), the petitionersseek appointment of anArbitrator to This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 15/02/2025 at 11:59:29 adjudicate the disputes between the parties with respect to Agreements to Sell dated 27.04.2022 and 30.09.2020, respectively, wherein Clause 21 of the said agreements provides for reference to arbitration for resolution of disputes, to be governed by the A&C Act and further stipulates New Delhi as the seat of arbitration. 2. Learned counsel for the petitioners submits that the petitioners invoked the arbitration clause under the aforesaid Agreements by issuing notices under Section 21 of the A&C Act, all dated 01.08.2024. 3. Learned counsel appearing for the respondents, on instructions,submitsthat the respondentshave no objection to the matter beingreferred to the Arbitral Tribunal comprising of a Sole Arbitrator. 4. Considering that both the parties have consented to the reference tothe Arbitral Tribunal, the present petitionsare disposed of with the following directions: - i) The disputes between the parties under the subject Agreements in all the above-mentioned petitions are referred to the Arbitral Tribunal. ii) Mr. Justice Sanjay Kishan Kaul, former Judge of the Supreme Court of India,(Mob:9818000370) is appointed as the Sole Arbitrator to adjudicate the disputes between the parties. iii) The arbitration will be held under the aegis of the Delhi International Arbitration Centre, Delhi High Court, Sher Shah Road, New Delhi (hereinafter, referred to as the ‘DIAC’). The remuneration of the learned Arbitrator shall be in terms of DIAC (Administrative Cost and Arbitrators’ Fees) Rules, 2018 or as the parties may agree. iv) The learned Arbitrator shall furnish a declaration in terms of Section 12 of the Act prior to entering into the reference. v) It is made clear that all the rights and contentions of the parties, including on the existence and validity of the Arbitration agreement, novation of the agreements, arbitrability of any of the claim/counter This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 15/02/2025 at 11:59:29 claim, any other preliminary objection, need and legality of interim relief, as well as contentions on merits of the dispute by either of the parties, are left open for adjudication by the learned arbitrator. vi) The parties shall approach the learned Arbitrators within two weeks from today. MANOJ KUMAR OHRI, J FEBRUARY 12, 2025/rd This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 15/02/2025 at 11:59:29