Quick Summary: On December 1, 2025, the Madras High Court decided to choose a mediator to help settle a disagreement between Five Star Business Finance Limited and Silvery Baby. The disagreement is about a loan deal from August 25, 2023.
Five Star Business Finance Limited, with their representative Madhusandhan Someswaran, started the case. They wanted a mediator to help sort out issues with Silvery Baby, Silvery Soujanya, and Maddikunta Sampath Kumar. This all relates to a loan deal from August 25, 2023.
The court, led by Judge N. Anand Venkatesh, decided that since there was a real agreement with a part that says disputes should be mediated, they should choose a mediator. This was in line with a section of the Arbitration and Conciliation Act, 1996.
"There is a real agreement between the parties in line with Section 7 of the Act."
On December 1, 2025, the court chose Ms. A. Nilaphar to be the only mediator. She will be in charge of helping solve the problems. The mediation will happen at the Madras High Court Mediation Centre.
Later, on February 2, 2026, the court noticed a mistake in the loan agreement number in the original order. It was corrected to FSTSLALONS000005456350.
"The loan agreement number has been typed wrongly in the prayer portion of the order."
The court's decision ensures that both parties have a fair chance to present their case under the guidance of an experienced mediator.
