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2026 DAILYLAW 58998 (MAD)

ITI Finance Limited v. M/s.Lohia Auto Industries

A/1744/2026 · 2026-07-29

K Kumaresh Babu

Transfer Petitionbody2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

A No. 1744 of 2026 __________ Page1 of 3 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 29-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU A No. 1744 of 2026 ITI Finance Limited Formerly known as Fortune Integrated Assets Finance Ltd., Represented by its Authorised Representative and Deputy Manager, Mr.K.Pravin Kumar, Office at ITI House, 36, Dr.R.K.Shirodhkar Marg, behind Bata Showroom, Opp. HDFC House, Parel, Mumbai - 400 012. ..Applicant(s) Vs M/s.Lohia Auto Industries Represented by its Authorised Signatory, Mr.Ayush Lohia, CEO and partner, H-193, Sector 63, Noida (UP) -201 309. ..Respondent(s) Judges Summons filed under Section 29A of the Arbitration and Conciliation Act read with Order XIV Rule 8 of Madras High Court Original Side Rules, praying to extend the mandate of the Learned Sole Arbitrator appointed for a further period of up to twelve months from 11th February 2026 under Section29A of the Arbitration Act. For Applicant(s): Ms.Savita Nangare For M/s.Aditya Sarangarajan For Respondent(s): Ms.Saranya R.A For Mr.Suvin Kumaran https://www.mhc.tn.gov.in/judis A No. 1744 of 2026 __________ Page2 of 3 ORDER This application has been filed to extend the time period for passing of Award by the Learned Sole Arbitrator by a further period of twelve months. 2. Heard both sides. Ms.Saranya RA, learned counsel for Mr.Suvin Kumar, learned counsel for the respondent would vehemently opposed to allow this application. 3. Considering the stage on which the arbitral proceedings are at, wherein the claimant’s witness is being cross-examined by the respondent, this Court is inclined to extend the mandate for a further period of twelve (12) months from the date of receipt of a copy of this order. The learned Arbitrator is requested to complete the proceedings and pass an Award within the said period and the respective parties are also directed to co-operate with the learned Arbitrator. 4. This application is disposed of in the above terms. 29-07-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No kak https://www.mhc.tn.gov.in/judis A No. 1744 of 2026 __________ Page3 of 3 K.KUMARESH BABU, J. kak A No. 1744 of 2026 29-07-2026 https://www.mhc.tn.gov.in/judis