arbp723-09 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.723 OF 2009 Kotak Mahindra Bank Ltd. ....Petitioner V/s. Rajeshkumar Kori ....Respondent Mr.Chinmay Gupte i/b Mohit Gadkari & Co. for the Petitioner. None for the Respondent. CORAM : S.J. VAZIFDAR, J. DATE : 26TH OCTOBER, 2010. P.C. :- 1. The petition has been filed under section 9 of the Arbitration and Conciliation Act, 1996. 2. According to the petitioner, an amount of over Rs.4,00,000/- is due and payable by the respondent to it in respect of a loan granted by the petitioner to the respondent on the terms and conditions mentioned in a loan agreement dated 29.4.2008. 3. Apart from the averments in the petition regarding the need for furnishing security, it is pertinent to note that several cheques issued by the respondent have been dishonoured. In the circumstances, the petition is made absolute in terms of prayer (e) except the words bracketed in red in two places. The undertaking to file the affidavit of service within two weeks from today is accepted.