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2025 DAILYLAW 69956 (MAD)

Samunnati Finance Private Limited v. Mr.Srikanta Pannalal Kalantri

Arb O.P(COM.DIV.)/357/2025 · 2025-09-22

N Anand Venkatesh

Transfer Petitionbody2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

Arb O.P(COM.DIV.) No. 357 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 22-09-2025 CORAM THE HONOURABLE MR JUSTICE N. ANAND VENKATESH Arb O.P(COM.DIV.) No. 357 of 2025 Samunnati Finance Private Limited, Represented through its Authorised Signatory, Dr.Vasudevan S. Having its office at Baid HiTech Park, 8th Floor, No. 129B, ECR Road, Thiruvanmiyur, Chennai-600041. Petitioner Vs 1. Mrs.Srikanta Pannalal Kalantri Trading as M/s.Ambika Pulses Factory.28/2,Nanded Road, Maharana Pratap Nagar, Latur, Maharashtra-413512. Also at. Office .86/A,Market Yard,Latur, Maharshtra-413512. 2.Mr.Rahul Pannalal Kalantri 86/A, Market Yard, Latur, Maharashtra-413512. Respondent(s) https://www.mhc.tn.gov.in/judis Arb O.P(COM.DIV.) No. 357 of 2025 PRAYER Petition filed under Section 11(6) of the Arbitration and Conciliation Act, 1996, to Appoint a sole arbitrator to adjudicate the disputes between the Petitioner and the Respondents in terms of the Arbitration Agreements viz. the Term Loan Agreement and the Personal Guarantor Deed, both dated 28.07.2023; b) Directing the Respondents to pay the costs. For Appellant(s): Aanchal M. Nichani For Respondent(s): Rahul M Shankhar ORDER When the matter was taken up for hearing today, the learned counsel for the petitioner sought permission of this Court to withdraw this petition and he has also made the following endorsement to that effect: "Petition withdrawn with liberty to re-file after issuance of a fresh Section 21 notice" https://www.mhc.tn.gov.in/judis Arb O.P(COM.DIV.) No. 357 of 2025 2.In view of the endorsement made by the learned counsel for the petitioner, this petition stands dismissed as withdrawn with liberty to file a fresh petition after issuing notice under Section 21 of the Arbitration and Conciliation Act, 1996. No costs. 22-09-2025 Index:Yes/No Speaking/Non-speaking order Internet:Yes Neutral Citation:Yes/No KP To 1.Mr.Srikanta Pannalal Kalantri Trading as M/s.Ambika Pulses Factory.28/2,Nanded Road, Maharana Pratap Nagar, Latur,Maharashtra- 413512. Also at. Office .86/A,Market Yard,Latur, Maharshtra-413512. 2.Mr.Rahul Pannalal Kalantri 86/A, Market Yard, Latur, Maharashtra-413512. https://www.mhc.tn.gov.in/judis Arb O.P(COM.DIV.) No. 357 of 2025 N.ANAND VENKATESH J. kp Arb O.P(COM.DIV.) No. 357 of 2025 22-09-2025 https://www.mhc.tn.gov.in/judis