The single-judge High Court accepted the respondent's statement that conciliation proceedings were ongoing. Consequently, the court disposed of the application and granted liberty to apply.
Arbitration application disposed of; liberty to apply granted.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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ARBAP118-12.10
PNP
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
O. O. C. J.
ARBITRATION APPLICATION NO.118 OF 2010
Nagarjuna Construction Company Ltd. Vs.
State Bank of India
..Applicant.
..Respondent.
.....
Ms. Anjali Purav for the Applicant. Mr. A.G. Damle for the Respondent.
CORAM : DR.D.Y.CHANDRACHUD, J.
12 October 2010 .
P.C . :
This is an application under Section 11(6) of the Arbitration and Conciliation Act, 1996. At the hearing of the application counsel appearing
on behalf of the Respondent has stated before the Court that conciliation proceedings in respect of the items in dispute in the present application
are being pursued. Learned counsel stated that in the event that no settlement is arrived at between the parties within a period of four weeks from today in the course of the conciliation proceedings, Chief General Manager (IT) of the bank shall proceed to make an appointment of a sole arbitrator in terms of the arbitration agreement. The statement is taken
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ARBAP118-12.10
PNP
on record and accepted. In view thereof the Arbitration Application is
disposed of. Liberty to apply.
(Dr. D.Y.Chandrachud, J.)
1 provisions across 1 enactments
Nagarjuna Construction Company Ltd.
State Bank of India
Dr. D.Y. Chandrachud
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
