Indusind Bank Limited v. Wahid Imam Sayyad
Case brief
What is this about?
Unilateral appointment of sole arbitrator; arbitral awards set aside; execution applications dismissed; Bhadra International (India) Pvt. Ltd. v. Airports Authority of India (2026 SCC Online SC 7); Section 12(5) Arbitration and Conciliation Act 1996 and its proviso (waiver of ineligibility); fresh arbitration permitted; limitation exclusion from invocation till order date; Bombay High Court batch order dated 29 April 2026; Abhay Ahuja, J.; Prothonotary & Senior Master finding.
What did the court decide?
Arbitral awards set aside; Commercial Execution Applications / Execution Applications and connected Interim Applications and Chamber Summons dismissed / disposed; parties at liberty to initiate fresh arbitration proceedings; limitation exclusion of the period from invocation of arbitration till the date of the order; liberty to apply where an express written waiver under the proviso to Section 12(5) of the Arbitration and Conciliation Act, 1996 exists.