FIVE STAR BUSINESS FINANCE LIMITED v. MANNE BHANU PRASAD
Arb O.P(COM.DIV.)/442/2025 · 2025-10-13
N Anand Venkatesh
Transfer Petitionbody2025
DailyLaw.ai
[ 2025 DAILYLAW 57057 (MAD) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 57057 (MAD) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Arb O.P(COM.DIV.) No. 442 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 13-10-2025 CORAM THE HONOURABLE MR JUSTICE N. ANAND VENKATESH Arb O.P(COM.DIV.) No. 442 of 2025
1. Five Star Business Finance Limited Rep by its Legal Officer Mr.MadhuSandanSomeswaran, Registered Office at New No.27, Old No.4,Taylors Road,Kilpauk, Chennai-600010. Applicant(s) Vs
1. Manne Bhanu Prasad No.5,Jangarai Shenkaram Pet,Medak, Telangana-502255. 2.Manne Narsavva No.5,jangarai Shenkaram Pet,medak, Telangana-502255. 3.Manne Nadu Prasad No.5,jangarai Shenkaram Pet,medak, Telangana-502255. 4.Manne Eshwar No.5,jangarai Shenkaram Pet,medak, Telangana-502255. Respondent(s) PRAYER To appoint an Arbitrators to decide the disputes and differences between the Petitioner and Respondent in terms of Loan Agreement https://www.mhc.tn.gov.in/judis
Arb O.P(COM.DIV.) No. 442 of 2025 dated 25.11.2022. For Applicant(s): Ms.Vinodhini Mathelene for Mr.P.H.Vinodh Pandian For Respondent:
ORDER This petition has been filed under Section 11 of the Arbitration and Conciliation Act, 1996 [for brevity hereinafter referred to as the “Act”] for appointment of an Arbitrator. 2. When the matter came up for hearing on 29.07.2025, this Court passed the following order:- This petition has been filed under Section 11 of the Arbitration and Conciliation Act, seeking for appointment of an arbitrator by this Court. 2. There seems to be a dispute between the petitioner and the respondents, arising out of the loan agreement dated 25.11.2022. In the said agreement, there exists an arbitration clause, which is extracted hereunder: https://www.mhc.tn.gov.in/judis
Arb O.P(COM.DIV.) No. 442 of 2025 https://www.mhc.tn.gov.in/judis
Arb O.P(COM.DIV.) No. 442 of 2025
3. The petitioner has invoked arbitration in accordance with the arbitration clause by issuing notice to the respondents on 12.02.2025 to comply with the requirements of Section 21 of the Arbitration and Conciliation Act, 1996. No reply has been received for the same. 4. Since there exists an arbitration clause in the contract, which is the subject matter of the dispute between the parties and since the petitioner has invoked arbitration in accordance with the arbitration clause by complying with the requirements of Section 21 of the Arbitration and Conciliation Act, 1996 and since there is no consensus between the parties with regard to the name of the arbitrator, this Court is issuing notice to the respondents, returnable by 21.08.2025. Private notice is also permitted. 3. Notices were served on the respondents and the affidavit of service has also been filed before this Court. There is no appearance either in person or through counsel. 4.
Taking into consideration the materials placed before this Court and the earlier order passed by this Court on 29.07.2025, Ms.R.Balambigai Gowri, Advocate, at 148, 2nd link beach road, https://www.mhc.tn.gov.in/judis
Arb O.P(COM.DIV.) No. 442 of 2025 Parrys, Chennai Mobile No.9840776464 is appointed as sole Arbitrator and the Arbitrator is requested to adjudicate the arbitral dispute that were arising between the parties by holding the sittings in any venue in Chennai to the convenience of all concerned and render an award. Fees of the sole Arbitrator shall be in accordance with
the Madras
High
Court
Arbitration
Centre (MHCAC)(Administrative Cost and Arbitrator's Fees) Rules 2017. 5. This Arb. OP is disposed of in the above terms. There shall be no order as to costs. 13-10-2025 rka Index:Yes/No Speaking/Non-speaking order Internet:Yes Neutral Citation:Yes/No https://www.mhc.tn.gov.in/judis
Arb O.P(COM.DIV.) No. 442 of 2025
To 1.Manne Bhanu Prasad No.5,Jangarai Shenkaram Pet,Medak, Telangana-502255. 2.Manne Narsavva No.5,jangarai Shenkaram Pet,medak, Telangana-502255. 3.Manne Nadu Prasad No.5,jangarai Shenkaram Pet,medak, Telangana-502255. 4.Manne Eshwar No.5,jangarai Shenkaram Pet,medak, Telangana-502255. https://www.mhc.tn.gov.in/judis
Arb O.P(COM.DIV.) No. 442 of 2025 N.ANAND VENKATESH J. rka Arb O.P(COM.DIV.) No. 442 of 2025 13-10-2025 https://www.mhc.tn.gov.in/judis