Arbitration petition under Section 11(6) for appointing a sole arbitrator disposed of in light of an out-of-court settlement agreement between parties for the payment of Rs. 2,50,000.
Order binding the respondents to pay Rs. 2,50,000 within two weeks; seeking revival and claim for outstanding amount pending payment fails.
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JULLY GUPTA .....Petitioner Through: Mr Ritik Verma, Adv. (through VC) with Mr Pankaj Singh, Adv.
versus
INDIABULLS INVESTMENT ADVISORS LIMITED AND ANR
.....Respondents Through: Mr Ankit Banati, Adv. (through VC) with Mr Abhay Agnihotri and Ms Tarini Khurana, Advs.
CORAM:
HON'BLE MR. JUSTICE JASMEET SINGH O R D E R % 16.07.2024
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petitioner who has obtained instructions from the petitioner in this regard. 5. Binding the respondents to the statement made by Mr Banati in Court today and directing the respondents to pay the sum of Rs. 2,50,000/- within two weeks to the petitioner by way of demand draft/electronic transfer, the petition is disposed of.
JASMEET SINGH, J
JULY 16, 2024 sr
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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 02/07/2025 at 00:02:17
1 issue framed by the court
Whether the petitioner is entitled to appointment of a sole arbitrator to adjudicate disputes when parties have settled the claim voluntarily?
1 provisions across 1 enactments
Jully Gupta
Indiabulls Investment Advisors Limited
Jasmeet Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
