S P Advisors Pvt. Ltd. v. Sunil Mehdiratta
Case brief
What is this about?
Consent petition for extension of arbitrator's mandate: parties agreed to a new arbitrator with capped fees; Maninder Acharya appointed to conclude arbitration within six months from the stage of final hearing.
What did the court decide?
New arbitrator appointed with fee cap of Rs 7.5 lakhs shared equally; arbitration to conclude within 6 months.