Axis Bank Limited v. Ganesh Shashikant Patil and Anr.
Case brief
What is this about?
Batch of commercial execution applications where the sole arbitrator had been unilaterally appointed. Relying on Bhadra International v. Airports Authority of India, the court set aside the awards, dismissed or disposed of the applications, permitted fresh arbitration, excluded elapsed time for limitation, and allowed waiver applications under Section 12(5).
What did the court decide?
Awards set aside; Commercial Execution Applications and connected interim applications and chamber summons dismissed/disposed; liberty for fresh arbitration with limitation relief.