A.K.MENON
Vivek Mehta – Appellant
Versus
KaRRs Designs & Developments – Respondent
JUDGMENT :
P.C. :
1. This application filed under Section 11 of the Arbitration and Conciliation Act, 1996, seeks appointment of a Sole Arbitrator to adjudicate upon disputes that have arisen under a Memorandum of Understanding (MOU) dated 29th August, 2009. The application filed in 2016 remains pending for numerous reasons. Initially, the parties were referred to mediation since they were in negotiations and meetings have been held prior to 2017. These meetings did not yield results and on 18th April, 2019 the respondents raised objections to the maintainability of the petition since the MOU was not sufficiently stamped. This is found to be recorded in an order dated 18th April, 2019. Eventually mediation having failed, the matter was taken up for hearing on 26th November, 2019. After noting that clause 17 of the MOU contained an arbitration clause, the court noted that stamp duty in respect of the MOU was payable by the applicants.
2. In view of the objections to stamping, the court in its order dated 26th November, 2019 considered the nature of the MOU and observed that unless stamp duty is fully paid with penalty, the court could not proceed with appointing an arbitrator, in view
Garware Wall Ropes Limited v/s. Coastal Marine Constructions & Engineering Ltd.
N.N. Global Mercantile Private Limited v/s. Indo Unique Flame Limited and Ors.
S. N. Prasad, Hitek Industries (Bihar) Limited v/s. Monnet Finance Ltd. and Ors.
SMS Tea Estates Private Limited v/s. Chandmari Tea Company Private Limited(P
Unissi (India) Private Limited v/s. Post Graduate Institute of Medical Education and Research
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.