Tdk India Private Limited v. Parag Worldwide Private Limited
Case brief
What is this about?
Section 11 Arbitration and Conciliation Act 1996 appointment of Sole Arbitrator; TDK India Private Limited v. Parag Worldwide Private Limited & Ors; Bombay High Court Commercial Division CARAP 410 of 2024; arbitration Clause 40; Agreement dated July 1, 2011; invocation August 31, 2024; replies September 19 and October 3, 2024; seat Mumbai consensus; scope of Section 11(6A) review limited to existence of formally executed arbitration agreement; existential substance for tribunal under Section 16; In Re: Interplay (2024) 6 SCC 1; SBI General Insurance v. Krish Spinning; Ajay Madhusudan Patel v. Jyotindra S. Patel; Mahek Bookwalla Sole Arbitrator; disclosure Sections 11(8)/12(1); merits expressly kept open; costs borne equally.
What did the court decide?
Application finally disposed of: Ms. Mahek Bookwalla appointed Sole Arbitrator to adjudicate disputes and differences arising out of and in connection with the Agreement dated July 1, 2011; Order to be communicated to the arbitrator within one week; statutory Statement of Disclosure under Section 11(8) read with Section 12(1) to be forwarded within two weeks; parties to appear before the arbitrator; arbitral costs and fees borne equally in the first instance, subject to final award on costs.