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9. I have heard the learned counsel for the parties and carefully perused the materials placed on record.

10. The first aspect to be considered is with regard to the jurisdiction of this Court and the venue of the arbitration at Chennai. It is not in dispute that the petitioner and the third respondent are signatories to the loan agreement. In the said agreement clause 26 deals with the arbitration and clause 27 deals with the jurisdiction. The conditions states that the venue of arbitration proceedings shall be at Chennai at the registered office of the company. The petitioner has agreed to a fast track arbitration to be disposed of within 90 days from the date of reference. With regard to the jurisdiction, the petitioner agreed and accepted that all the terms and conditions of the agreement including the payment shall be observed and performed at Chennai and the petitioner has agreed that Courts in Chennai alone shall have exclusive jurisdiction over any matter arising out of or concerning the loan agreement. The above conditions form part of the loan agreement, to which the petitioner as well as the third respondent have been signatories. Having singed the agreement and accepted the conditions, now the petitioner cannot resile from the same. Therefore, it is held that the arbitration, which was commenced, conducted and award passed at Chennai, is with jurisdiction and this Court has jurisdiction to entertain any challenge to the said award. Therefore, the first issue is decided against the petitioner.