Axis Bank Formerly Known as Uti Bank Ltd. v. Periaswamy Natrajan
Case brief
What is this about?
Bombay High Court, Abhay Ahuja J, 5 May 2026; Serial Nos. 37, 39, 41, 45, 48, 49, 50 & 51; unilateral appointment of sole arbitrator; void ab initio; ineligibility raisable at any stage even in execution; Bhadra International (India) Pvt. Ltd. v. Airports Authority of India, 2026 SCC Online SC 7 (relied on); arbitral awards set aside; Commercial Execution Applications/Execution Applications and connected Interim Applications dismissed/disposed; liberty to initiate fresh arbitration; limitation exclusion from invocation of arbitration till order date; counsel Bijal Gogri i/b. O M Gujar Law Chambers for Applicant; none for Respondent.
What did the court decide?
Respective arbitral awards set aside; Commercial Execution Applications/Execution Applications and connected Interim Applications dismissed/disposed; parties left free to initiate fresh arbitration, with the period from invocation of arbitration till the date of this order excluded for limitation.