Srei Equipment Finance Limited filed an application for the appointment of an arbitrator in a dispute with Whitefield Papermills Ltd and Anr. The loan agreement between the parties, dated July 1, 2019, contains an arbitration clause. The applicant contends that disputes should be referred to arbitration. The respondents opposed the application, alleging fraud and raising concerns about the validity of the agreement and the notice invoking arbitration.
Srei Equipment Finance Limited and Whitefield Papermills Ltd and Anr. entered into a loan agreement dated July 1, 2019, which included an arbitration clause. A dispute arose between the parties, leading Srei Equipment Finance Limited to file an application for the appointment of an arbitrator. Whitefield Papermills Ltd and Anr. opposed the application, alleging that the agreement was induced by fraud and that the transactions were fraudulent. They also argued that the Reserve Bank of India had indicated that the transaction between the petitioner and the respondents was a fraudulent one before the NCLT, Kolkata Bench. The respondents further contended that the notice invoking arbitration was defective and that the agreement was not properly certified. The Reserve Bank
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Date of the loan agreement between Srei…
Order by the High Court of Judicature at…
Srei Equipment Finance Limited filed an application for the appointment of an arbitrator in a dispute with Whitefield Papermills Ltd and Anr. The loan agreement between the parties, dated July 1, 2019, contains an arbitration clause. The applicant contends that disputes should be referred to arbitration. The respondents opposed the application, alleging fraud and raising concerns about the validity of the agreement and the notice invoking arbitration.
Srei Equipment Finance Limited and Whitefield Papermills Ltd and Anr. entered into a loan agreement dated July 1, 2019, which included an arbitration clause. A dispute arose between the parties, leading Srei Equipment Finance Limited to file an application for the appointment of an arbitrator. Whitefield Papermills Ltd and Anr. opposed the application, alleging that the agreement was induced by fraud and that the transactions were fraudulent. They also argued that the Reserve Bank of India had indicated that the transaction between the petitioner and the respondents was a fraudulent one before the NCLT, Kolkata Bench. The respondents further contended that the notice invoking arbitration was defective and that the agreement was not properly certified. The Reserve Bank
…Date of the loan agreement between Srei…
Order by the High Court of Judicature at…