Mehul Deepak Thakur v. Poddar Housing and Development Limited
Case brief
What is this about?
Bombay High Court, Ordinary Original Civil Jurisdiction, Commercial Arbitration Application No. 676 of 2025, decided 28 April 2026 by Sandeep V. Marne, J. Section 11, Arbitration and Conciliation Act, 1996 — Mehul Deepak Thakur v. Poddar Housing and Development Limited and Anr. — Respondents' counsel admitted existence of arbitration agreement and consented to a sole Arbitrator despite the agreement contemplating a three-member Tribunal; Mr. Justice S. V. Gangapurwala, former Chief Justice of Madras High Court, appointed sole Arbitrator for disputes under the Subscription and Shareholders Agreement dated 4 July 2012 and related documents; disclosure under Sections 11(8) and 12(1); costs shared equally in first instance; rights and contentions kept open; application disposed of.
What did the court decide?
Appointment of Mr. Justice S. V. Gangapurwala, former Chief Justice of Madras High Court, as sole Arbitrator to adjudicate disputes arising out of the Subscription and Shareholders Agreement dated 4 July 2012 and other related Agreements/Documents; statutory Statement of Disclosure under Section 11(8) read with Section 12(1) to be forwarded within 2 weeks; arbitral costs and fees borne equally in the first instance; all rights and contentions kept open before the Arbitral Tribunal.