Neogrowth Credit Pvt.Ltd. v. Ozone Furnishing and Anr.
Case brief
What is this about?
Unilateral appointment of sole arbitrator; arbitral awards set aside; execution applications and chamber summons dismissed/disposed; fresh arbitration permitted; limitation exclusion from invocation till order date; liberty to apply for express written waiver under proviso to Section 12(5), Arbitration and Conciliation Act 1996; reliance on Bhadra International (India) Pvt. Ltd. v. Airports Authority of India, 2026 SCC Online SC 7; Bombay HC OO CJ; Abhay Ahuja J.; 9 June 2026; Serial Nos. 901-920, 924.
What did the court decide?
Respective arbitral awards set aside; Commercial Execution Applications / Execution Applications and connected Interim Applications and Chamber Summons dismissed / disposed; parties permitted to initiate fresh arbitration with the period from invocation till date excluded for limitation; liberty to apply where an express written agreement waives ineligibility or the right to object under Section 12(5) of the Arbitration and Conciliation Act, 1996.