Transasia Bio Medicals Ltd. v. Hindustan Wellness Private Limited
Case brief
What is this about?
Section 11 Arbitration and Conciliation Act 1996; appointment of sole arbitrator; scope of Section 11 review limited to existence of arbitration agreement (Section 11(6A)); existential questions for arbitral tribunal under Section 16; unilateral appointment clause; invocation of arbitration December 29, 2021; Minimum Purchase Agreement dated March 27, 2017, Clause 18; In Re: Interplay Between Arbitration Agreement and Stamp Act (2024) 6 SCC 1; SBI General Insurance Co. Ltd. v. Krish Spinning 2024 SCC OnLine 1974; Ajay Madhusudan Patel v. Jyotindra S. Patel 2024 SCC OnLine 2597; Transasia Bio Medicals Ltd.; Hindustan Wellness Private Limited; Bombay High Court Ordinary Original Civil Jurisdiction; ARBAP 334 of 2024; Somasekhar Sundaresan J.; Akshay Doctor sole arbitrator; Statement of Disclosure Section 11(8) Section 12(1); arbitral costs borne equally; merits kept open.
What did the court decide?
Application finally disposed of by appointing Mr. Akshay Doctor as Sole Arbitrator to adjudicate disputes under the Minimum Purchase Agreement dated March 27, 2017; order to be communicated to the arbitrator within one week of upload; statutory Statement of Disclosure under Section 11(8) read with Section 12(1) to be filed in the Registry; parties to appear before the arbitrator for conduct directions; all arbitral costs and fees of the Tribunal to be borne equally by the parties in the first instance, subject to any final Award on costs; all issues on merits expressly kept open.