Disposed
Laffans Petrochemicals Ltd. and Anr. v. Huntsman Investments (Netherland) B.V. and 2 Ors.
Bombay HCARBP/1116/2012
Case brief
AI extract
What is this about?
This order appoints Mr. Ketan Parekh as sole arbitrator to decide claims regarding a Purchaser Loss Notice. The arbitrator has six months to pass an award. Respondents may invoke the bank guarantee pending proceedings, subject to later compliance if the arbitrator or court orders its return.
What did the court decide?
Appointment of Mr. Ketan Parekh as sole arbitrator; leave to invoke bank guarantee subject to refund if arbitral order requires it.