Five Star Business Finance Limited v. Katikola Ramakrishna

ORDER This Arbitration Original Petition has been filed under Section 11(5) &

(6) of the Arbitration and Conciliation Act, 1996 to appoint a Sole Arbitrator to adjudicate the differences and disputes between the petitioner and the respondents under the Loan Agreement, dated 01.12.2023, bearing reference number FSTSLALONS000005492306.

¶2Heard Mr.P.Suresh, learned counsel for the petitioner.

¶3In spite of notice having been served upon the respondents through Court and their names are reflected in the cause list. Today, when the matter is taken up for hearing, there is no representation on the side of the respondent nor through their counsel before this court. Hence, they were called absent and are set ex-parte.

¶4A notice under Section 21 of the Arbitration and Conciliation Act, 1996 has been issued by the petitioner on 06.09.2026. In spite of the same, the respondents have not chosen to respond. From a reading of the Loan Agreement dated 01.12.2023 entered to between the petitioner and the respondents, it could be seen that the parties have agreed to resolve the disputes by appointing an Arbitrator.

¶5In view of the Loan Agreement and considering the nature of claim, this Court deems it appropriate to appoint an Arbitrator. Accordingly, Mrs.M.Nirmala, Advocate, (Mobile No.96770 63787) having office at Women Lawyer Association, High Court Building, Chennai – 600 104 and residing at No.9, 2nd Street, Lakshmipuram, Gandhi Road, Tambaram West, Chennai – 45, is appointed as Sole Arbitrator to enter upon the reference and resolve the disputes between the petitioner and the respondents.

¶6The learned Sole Arbitrator is entitled to fix her fees as per the Schedule-IV of the Act. This Court further requests the learned Sole Arbitrator to endeavour to decide the dispute as expeditiously as possible.

¶7Accordingly, this Arbitration Original Petition is ordered. No costs. 04-06-2026 Index: Yes/No Speaking/Non-speaking order GBA To

¶1The Madras High Court Arbitration Centre, Madras.

¶2Mrs.M.Nirmala, Women Lawyer Association, High Court Building, Chennai – 600 104

K.KUMARESH BABU, J. GBA 04-06-2026

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 04-06-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU Five Star Business Finance Limited Regd. Office at New No.27 (Old No.4) Taylors Road, Kilpauk, Chennai - 600 010. Represented by its Authorized Signatory Madhusandan Someswaran. ..Petitioner(s) Vs 1. Katikola Ramakrishna S/o.Mr.K.Venakatachalapaty, No.1-14, Mathkepalli, Navaram, Khammam Dist, Telangana, Pincode - 507 208. 2. Katikola Sudharani S/o.Mr.Katikola Ramakrishna, No.1-14, Mathkepalli, Navaram, Khammam Dist, Telangana, Pincoe -507 208. 3. Katikola Adi Laxmi W/o.Mr.K.Venkategowda, Mathkepalli, Navaram, Khammam Dist, Telangana, Pincode - 507 208. 4. Bandi Uppalaiah S/o.Mr.B.Saidala, Mathkepalli, Navaram, Khammam Dist, Telangana, Pincode - 507 208. ..Respondent(s) PRAYER:- To appoint a Sole Arbitrator to adjudicate the difference and disputes between the petitioner and the respondents under the Loan Agreement dated 01.12.2023 Bearing Reference Number FSTSLALONS000005492306. For Petitioner : Mr.P.Suresh For Respondent : Set Exparte