Csl Finance Ltd. v. Raval Vishnu Bhai Sedhabhai and Anr.
Case brief
What is this about?
Section 11(6) A&C Act appointment of sole arbitrator; consent-based reference; CSL Finance Ltd petitioner; Raval Vishnu Bhai Sedhabhai and Anr respondents; Loan Agreement 31.12.2019 Clause 17 arbitration seat Delhi; Section 21 invocation notice 16.02.2024; DIAC Delhi International Arbitration Centre aegis; DIAC Administrative Cost and Arbitrators' Fees Rules 2018; Monu Kumar sole arbitrator; Section 12 declaration; arbitrability and preliminary objections left open; parties to approach arbitrator within two weeks.
What did the court decide?
Petition disposed of with directions: disputes referred to the Arbitral Tribunal; Mr. Monu Kumar, Advocate appointed Sole Arbitrator; arbitration under the aegis of DIAC with remuneration per DIAC (Administrative Cost and Arbitrators' Fees) Rules, 2018; Section 12 declaration required before entering the reference; all rights and contentions (including arbitrability) left open; parties to approach the arbitrator within two weeks.