RELIANCE COMMERCIAL FINANCE LIMITED Vs. AXIS BANK LIMITED

JUDGEMENT

(1.) The Court: This is an application under Section 11 of the Arbitration and Conciliation Act, 1996.

(2.) The petitioner is a financial institution within the meaning of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act in short). The petitioner claims arbitration in view of Section 11 of the Act of 2002.

(3.) Section 11 of the Act of 2002 is as follows :