Mahindra and Mahindra Financial Services Ltd. v. Gavisht Projects Pvt. Ltd.
Case brief
What is this about?
Section 11 Arbitration and Conciliation Act 1996 application finally disposed of; scope of judicial review under Sections 11 and 11(6A); existence and formal execution of arbitration agreement; Section 16 kompetenz-kompetenz; seven-judge Bench In Re: Interplay (2024) 6 SCC 1; SBI General Insurance v. Krish Spinning 2024 SCC OnLine SC 1754; Ajay Madhusudan Patel v. Jyotrindra S. Patel 2024 SCC OnLine SC 2597; appointment of sole arbitrator through institutional ODR (Presolv360); online/electronic-mode arbitration; equal sharing of arbitral costs in the first instance; seat deemed as per Agreement; Master Facility Agreement dated May 22, 2023; Clause 24.11 arbitration clause; invocation notice April 13, 2024 unanswered; respondent non-appearance; Mahindra and Mahindra Financial Services Ltd.; Givisht Projects Pvt. Ltd.; Bombay High Court; Somasekhar Sundaresan, J.
What did the court decide?
Presolv360, an independent online dispute resolution (ODR) institution, directed to appoint a sole arbitrator to adjudicate disputes arising out of and in connection with the Master Facility Agreement dated May 22, 2023 and administer the arbitration; proceedings to be conducted primarily online through electronic mode; arbitral costs and fees borne equally in the first instance, subject to any final award on costs; seat of arbitration deemed to be the same as the seat discernible from the Agreement; Applicant to communicate the order to Presolv360 within one week of upload.