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4. A perusal of the above clause would show that the parties herein agreed to appoint Mr. H.L. Tiku, Sr. Advocate as an arbitrator to adjudicate the disputes that have arisen between the parties. The said named arbitrator entered reference on 23rd February, 2019, however, due to some allegations levelled by the Respondents against the said named arbitrator, the ld. Arbitrator Mr. H.L. Tiku, Sr. Advocate recused himself from the present case on 30th August, 2019.

6. The newly appointed arbitrator Ms. Warisha Farasat entered reference on 21st July, 2022, and passed her first order on the same day itself. The said order is extracted herein for reference:

"1. I have been appointed as the sole arbitrator to adjudicate the disputes between the parties abovenamed arising under their aforementioned loan agreement by the Hon'ble High Court of Delhi by an order dated 08.07.2022 passed in O.M.P. (T) (COMM.) 47/2020.