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    Replication Draft

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    SJ LC
    Respondent no. 4's objections are denied as false and intended only to delay arbitration proceedings. The claimant company has provided proper notice and documentation of the loan to respondent no. 4. Respondent no. 4 had jointly taken the loan but is now falsely claiming the signatures are forged. The claimant company has the right to determine the arbitration location and appoint the arbitrator under the terms of the loan agreement. The respondent's objections lack supporting documents and seem aimed at delaying the resolution of the case.

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    Replication Draft

    Uploaded by

    SJ LC
    3K views2 pages
    Respondent no. 4's objections are denied as false and intended only to delay arbitration proceedings. The claimant company has provided proper notice and documentation of the loan to respondent no. 4. Respondent no. 4 had jointly taken the loan but is now falsely claiming the signatures are forged. The claimant company has the right to determine the arbitration location and appoint the arbitrator under the terms of the loan agreement. The respondent's objections lack supporting documents and seem aimed at delaying the resolution of the case.

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    Respondent no. 4's objections are denied as false and intended only to delay arbitration proceedings. The claimant company has provided proper notice and documentation of the loan to respondent no. 4. Respondent no. 4 had jointly taken the loan but is now falsely claiming the signatures are forged. The claimant company has the right to determine the arbitration location and appoint the arbitrator under the terms of the loan agreement. The respondent's objections lack supporting documents and seem aimed at delaying the resolution of the case.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    3K views2 pages

    Replication Draft

    Uploaded by

    SJ LC
    Respondent no. 4's objections are denied as false and intended only to delay arbitration proceedings. The claimant company has provided proper notice and documentation of the loan to respondent no. 4. Respondent no. 4 had jointly taken the loan but is now falsely claiming the signatures are forged. The claimant company has the right to determine the arbitration location and appoint the arbitrator under the terms of the loan agreement. The respondent's objections lack supporting documents and seem aimed at delaying the resolution of the case.

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    You are on page 1of 2

    REPLICATION ON BEHALF OF CLAIMANT CAPRI GLOBAL CAPITAL LIMITED

    PRILIMINARY OBJECTION

    Reply on behalf of respondent no. 4 is false, manipulating, and vague so denied in totality.
    Respondent no. 4 is only trying to delay the Arbitral Proceedings so taking a false ground.

    PARA WISE REPLY

    2. The objection that Claimant Company has not sent notice to the respondent on his second
    address is false. Postal Reciepts along with Track records are already filed before the
    learned Tribunal. So this objection is false and denied in totality.

    3. No need to reply.

    4. It is matter of record that Respondent no. 4 alongwith his brother Shri Lalit kumar
    Sharma jointly approached to the claimant company seeking the grant of a loan. After
    considering the Loan Application, the Claimant Company granted to the Respondents, a
    loan in the sum of Rs. 22,59,840/- (Twenty Two Lakh Fifty Nine Thousand Eight
    Hundred Forty Rupees only ) for a period of 180 months and a written Loan Agreement
    bearing Account No. LNCGCBPITL0000007706 was executed between the Claimant
    and the Respondents (Copy of the same is on record). As per the terms stipulated in the
    said loan agreement the Respondents agreed to repay the loan amount, with Interest rate
    15% . As per the terms of the Loan Agreement the Respondents were required to make
    timely payment towards repayment of the above mentioned loan. However, the
    Respondents miserably failed to pay the installments on time. The Respondent is only
    taking a false ground that “the signature are false and forged” to delay the proceedings
    before Hon’ble Tribunal. Before the Learned Tribunal, Shri Mahesh Kumar Sharma has
    orally accepted that signatures on the agreement done by him. And despite of accepting
    the signature, Respondent No. 4, denied to accept the signature in his written statement.

    5. Para no. 5 is denied. Claimant Company has the sole right to decide about the place of
    arbitration and appoint Hon’ble Arbitrator as per the Terms of Loan Agreement.

    6. It is to state herein the copy supplied by the Counsel of Resppondant no. 4 is incomplete
    as pages after 2nd page are missing. Hence we are unable to reply on Para no.6-8.
    However, the right is reserved to reply on the same.

    6. All copies are duly supplied to Respondent No. 4. His only intention is to delay the
    proceedings of Hon’ble Tribunal, and taking false ground that copies supplied to him are
    illegible. Para no. 9 is denied.

    7. Para no. 10 is Fact of Law so no need to reply.


    8. Para no. 11 is denied. As, if you have taken Loan it is a well settled law that you have to
    pay the same. And when Respondents failed miserably to make the payment of the
    alleged loan, the Arbitral Proceedings has been initiated by the Company wherein the
    Respondent no.4 took a bogus, false ground by simply denying from his signatures with
    the malafied intention of delay the proceedings of the Hon’ble Tribunal.

    PRAYER
    It is most respectfully prayed before this Hon'ble Tribunal to reject the vague grounds
    raised by the Respondents in their Written Statement without any documents to support
    their aveirnents and pass an Award and decree in favour of the Claimant.

    Pass such further order as Ld. Arbitrator may deem fit and circumstances of the case.

    CLAIMANT

    VERIFICATION

    Verified at New Delhi on this day of , 2018, that the contents of my above Claim
    Petition are true and correct and nothing material has been concealed therefrom and no part of it
    is false.

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