Nazir Ahmed Ibrahim Velaskar and 2 Ors. v. K P D I Industries Limited
Case brief
What is this about?
Consent-based referral of a pending Bombay HC OOCJ suit to arbitration: Interim Application No. 1130 of 2024 in Suit No. 109 of 2024; Nazir Ahmed Ibrahim Velaskar & Ors. (Applicants/Plaintiffs, adv. Bipin Joshi) versus K. P. D. I. Industries Limited (Defendant, adv. Sameer Walimbe); Judge Somasekhar Sundaresan; order dated 6 April 2026. Section 8 of the Arbitration and Conciliation Act, 1996 invoked by the Defendant; appointment of sole arbitrator Ms. Alpana Ghone for disputes under 'the Agreement'; statutory Statement of Disclosure under Section 11(8) read with Section 12(1); Section 17 prayers for interim reliefs carried into arbitration; continuation of existing interim protections until the arbitrator is seized, with liberty to enhance/modify/vary; equal sharing of arbitral costs and fees pending final Award; disposal (final) of the Suit and connected interim applications with pending applications continuing as arbitral interim applications; refund of court fees in accordance with Rules; merits expressly left open; digital signature Aarti Palkar.