M/S Neelkantham Systems Private Limited v. M/S NTPC Limited & Ors.
Case brief
What is this about?
Section 11(6) Arbitration and Conciliation Act 1996 appointment of arbitrator; Section 21 invocation notice; deadlock between nominee arbitrators failing to appoint Presiding Arbitrator; consensual appointment of retired Supreme Court judge (Justice Hrishikesh Roy) as Sole Arbitrator; institutional arbitration under DIAC rules and DIAC fee schedule; Section 12(2) disclosure requirement; GCC Clause 7.3.1 arbitration clause with Rs. 25 crores cap, Rs. 5 lakhs exclusion and SLPE carve-out; NTPC Badarpur Eco Park Phase-2 tender (Package 2A); Letter of Intent dated 21.12.2021.
What did the court decide?
Appointment of Justice Hrishikesh Roy, Former Judge of the Supreme Court of India, as the Sole Arbitrator to adjudicate the disputes between the parties, with arbitration conducted under DIAC rules and fees as per the DIAC Schedule of Fees.