S P RAWAT Vs. UNIVERSAL FINANCERS

JUDGEMENT

(1.) Repeated attempts have been made to contact counsel for M/s Universal Financers as also counsels for Decree Holders no. 1 and 2 Mrs. Suman Arora and Mr. Shekhar Arora respectively. Despite sending e-mails and speed post letter, no response has been received. The copy of the e-mail and postal receipt are taken on record. They are proceeded ex-parte and the matter is being heard in their absence.

(2.) The present OMP has been filed challenging the award dated 23rd May, 2002 passed by the learned Sole Arbitrator - Mr. Harminder Singh. The entire award is in two paragraphs and the same is captured herein below:

(3.) The case of M/s Universal Financers 1/10, Roop Nagar, Delhi is that one Mrs. Suman Arora - wife of Mr. Shekhar Arora had entered into Hire Purchase Agreement dated 15th May 2001, in respect of a car. It was claimed that Mr. Shekhar Arora was guarantor no. 1 and Mr. S.P. Rawat, the Petitioner herein, was guarantor no. 2. The said agreement had an Arbitration Clause which reads as under:-