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2025 DAILYLAW 4368 (MAD)

Five Star Business Finance Limited v. Sheik Salman

Arb O.P(COM.DIV.)/719/2025 · 2026-03-26

Senthilkumar Ramamoorthy

Transfer Petitionbody2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

Arb O.P(COM.DIV.) No. 719 of 2025 __________ Page1 of 2 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 26.03.2026 CORAM THE HON'BLE MR JUSTICE SENTHILKUMAR RAMAMOORTHY Arb O.P(COM.DIV.) No. 719 of 2025 Five Star Business Finance Limited Rep. by its Legal Officer, Mr.Madhu Sandhan Someswaran, Registered Office at New No.27, Old No.4, Taylors Road, Kilpauk, Chennai - 600 010. ..Petitioner Vs 1. Sheik Salman 6-73/2, Nadipally Dichapally, Nizambad,Telangana – 503 176. 2. Muneera 6-73/2, Nadipally Dichapally, Nizambad, Telangana 503 176 3. Sheik Suleman 6-73/2, Nadipally Dichapally, Nizambad, Telangana - 503 176 ..Respondents Petition filed under Section 11(5) of The Arbitration and Conciliation Act, 1996 praying to appoint an Arbitrator(s) to decide the disputes and differences between the Petitioner and Respondent in terms of Loan Agreement dated 23.05.2023. For Petitioner: Mr.S.Nataraj for M/s.P H Vinodh Pandian https://www.mhc.tn.gov.in/judis Arb O.P(COM.DIV.) No. 719 of 2025 __________ Page2 of 2 SENTHILKUMAR RAMAMOORTHY, J. mmi ORDER Learned counsel for the petitioner submits that he has been instructed to withdraw the petition with liberty to re-apply if the arbitral institutions mentioned in the arbitration clause fail to make the appointment in spite of a request from the petitioner. An endorsement has been made regarding withdrawal. Granting liberty to the petitioner to re-apply if the arbitral institutions fail to make an appointment in spite of request, this petition is dismissed as withdrawn. 26.03.2026 Index: Yes/No Neutral Citation: Yes/No mmi Arb O.P(COM.DIV.) No. 719 of 2025 https://www.mhc.tn.gov.in/judis