2. This is an application for appointment of an arbitrator. The petitioner
seeks reference of the dispute to arbitration in terms of clause 23 of the
Loan cum Hypothecation Agreement dated January 05, 2020. The
petitioner is the assignee of the loan which was extended by Srei
Equipment Finance Limited to the respondents. The said clause provides
that all disputes arising out of interpretation of the agreement or any
clause thereof shall be referred to a sole arbitrator to be appointed by the
company. The provisions of the Arbitration and Conciliation Act, 1996,
as amended will be applicable. The seat of arbitration and the jurisdiction
will be as per the Schedule. The Schedule provides that the agreement
shall be subject to jurisdiction of Kolkata. Under such circumstances,
this application has been filed.