Allowed

Vincent Zachariah v. Imperia Structures Limited

Delhi HC8 Oct 2024ARB.P./711/2024

Case brief

AI extract

What is this about?

This order appoints Sole Arbitrator Abhinav Bajaj to adjudicate disputes between the petitioner and respondent arising from a Memorandum of Understanding dated 08.12.2015. The proceedings are directed to be conducted under the aegis of the Delhi International Arbitration Centre (DIAC) in compliance with the Arbitration and Conciliation Act, 1996 and DIAC Fees Rules, 2018. All preliminary objection

What did the court decide?

Appointment of Mr. Abhinav Bajaj as Sole Arbitrator; proceedings to be held at DIAC; parties to approach arbitrator within two weeks.

Vincent Zachariah Vs Imperia Structures Limited — Arbitration | Delhi HC (2024)

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$~5

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- ARB.P. 711/2024 VINCENT ZACHARIAH .....Petitioner

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Through: Mr. NK Kantawala, Mr. Satyender Chahar, Mr. A. Nair, Ms. Kranti Singh, Ms. Deepti Dash, Advs.

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versus

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IMPERIA STRUCTURES LIMITED .....Respondent Through: Mr. Tushar Sharma, Mr. Kismat Chauhan, Mr. Ahmed Jamal Siddiqui, Advs.

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CORAM:

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HON'BLE MR. JUSTICE JASMEET SINGH O R D E R

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% 08.10.2024

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This is a petition seeking appointment of an Arbitrator to adjudicate the disputes between the parties.

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The petitioner and the respondent entered into an MoU dated 08.12.2015 for Unit No. 1103 measuring 400 sq. feet on 11^th floor at Cyber Business Centre for a total consideration of 21 lakhs.

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The respondent was the developer of the project and had assured prelease rental.

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The MoU contained the arbitration clause which reads as under:

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“ ARBRITRATION

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a. That any dispute in the interpretation of any clause of this Memorandum of Understanding shall be referred to the sole arbitration of an Arbitrator to be nominated by the developer whose decision shall be final and binding on both the parties. All the arbitration proceedings shall be carried out in terms of the Arbitration and Conciliation Act, 1996, at New Delhi.

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This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 15/10/2024 at 11:59:32

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b. Two copies of the Memorandum of Understanding have been prepared, one to be retained by the Developer and other to be retained by the Investor.

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c. This Memorandum of Understanding is executed at New Delhi and Courts in New Delhi alone will have the exclusive jurisdiction over this Memorandum of Understanding to the exclusion of all other courts and Memorandum of Understanding shall be set to and construed in accordance with the laws of India .”

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Since there were disputes between the parties, the petitioner invoked arbitration vide legal notice dated 15.01.2024.

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Mr. Sharma, learned counsel for the respondent has no objection to the appointment of an Arbitrator as long as his rights and contentions are left open.

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For the said reasons, the petition is allowed and disposed of with the following directions:

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i) Mr. Abhinav Bajaj, Advocate (Mob. No. 9910161609) is appointed as a Sole Arbitrator to adjudicate the disputes between the parties.

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ii) The arbitration will be held under the aegis of the Delhi International Arbitration Centre, Delhi High Court, Sher Shah Road, New Delhi (hereinafter, referred to as the ‘DIAC’).

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iii) The remuneration of the learned Arbitrator shall be in terms of DIAC (Administrative Cost and Arbitrators’ Fees) Rules, 2018.

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iv) The learned Arbitrator is requested to furnish a declaration in terms of Section 12 of the Act prior to entering into the reference.

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v) It is made clear that all the rights and contentions of the parties, including as to the arbitrability of any of the claim, any other

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 15/10/2024 at 11:59:32

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preliminary objection, as well as claims/counter-claims and merits of the dispute of either of the parties, are left open for adjudication by the learned arbitrator.

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vi) The parties shall approach the learned Arbitrator within two weeks from today.

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JASMEET SINGH, J

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OCTOBER 8, 2024/DM Click here to check corrigendum, if any

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Vincent Zachariah v. Imperia Structures Limited

Case brief

What is this about?

What did the court decide?

Vincent Zachariah v. Imperia Structures Limited

Case brief

What is this about?

What did the court decide?

What the court decided

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