Court appointed Mr.V.Siva Subramanian as sole arbitrator for disputes between parties under a Buy Back agreement pursuant to Section 11(6) of the Arbitration Act.
Appointment of Mr.V.Siva Subramanian as sole arbitrator to adjudicate disputes between petitioner and respondent arising from Buy Back agreement.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Arb.O.P.(Comm.Div.) No.153 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
RESERVED ON 21.08.2024
PRONOUNCED ON 09.09.2024
CORAM
THE HONOURABLE MR.JUSTICE K.KUMARESH BABU Arb.O.P.(Comm.Div.) No.153 of 2024
M/s.Nimbark Fashions Limited Represented by its authorised Signatory, Nageswaran, Having their registered Office at No.1006, Windfall, Sahar Plaza, J.B.Nagar, Andheri Kurla Road, Andheri East, Mumbai – 400 059. … Petitioner
-vs-
M/s.Soundaraja Mills Limited, Represented by its Managing Director, Krian Ranjit, Having its registered office and administration office Soundaraja Buildings, G.T.N.Salai, Dindigul – 624 005 … Respondent
PRAYER: Arbitration Original Petition filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 seeking for following prayer:-
(a) To appoint an Arbitrator for the purpose of adjudicating upon the disputes which has arisen between the petitioner and respondent, pursuant to the Buy Back agreement between the petitioner and the respondent dated 01.07.2021.
(b)Award cost of this appliation and
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(c) Such other orders or relief
For Petitioner : Mr.R.Prabhakaran
For Respondent : Mr.T.Gowthaman
Senior Counsel for Mr.R.Swarnavel
O R D E R
This Arbitration Original Petition has been filed under Section 11(6)
of the Arbitration and Conciliation Act, 1996 (hereinafter called as 'the Act') to appoint an Arbitrator to adjudicate upon disputes/differences between the Petitioner and the Respondent and direct the Respondent to pay the costs of this proceeding.
as Sole Arbitrator to enter upon the dispute between the petitioner and the respondent.
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Arbitrator to endeavour to decide the dispute as expeditiously as possible,
however, not later than six (6) months from the date of his entering into reference.
09.09.2024
Index :Yes/No Speaking Order/Non Speaking Order Gba
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Arb.O.P.(Comm.Div.) No.153 of 2024
K.KUMARESH BABU, J.
Gba
Arb.O.P. (Com.Div.) No.153 of 2024
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Arb.O.P.(Comm.Div.) No.153 of 2024
09.09.2024
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M/s.Nimbark Fashions Limited
M/s.Soundaraja Mills Limited
K.KUMARESH BABU
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
