Neo Growth Credit Pvt. Ltd. v. Rasiklal Sankalchand Jewellers Pvt. Ltd. and 4 Ors.
Case brief
What is this about?
Arbitration – unilateral appointment of sole arbitrator void ab initio – execution applications dismissed – arbitral awards set aside – fresh arbitration permitted – limitation exclusion from invocation till order date – liberty to apply on express written waiver under proviso to Section 12(5), Arbitration and Conciliation Act 1996 – Bhadra International (India) Pvt. Ltd. vs. Airports Authority of India, 2026 SCC Online SC 7 applied – Bombay High Court OOCJ – Abhay Ahuja J – 10 April 2026.
What did the court decide?
Applications dismissed and arbitral awards set aside; parties left free to initiate fresh arbitration proceedings with the period from invocation till the date of the order excluded for limitation; liberty to apply where an express agreement in writing under the proviso to Section 12(5) waived the ineligibility or the right to object.