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2024 Supreme(Bom) 6

NEELA GOKHALE
Hyundai Construction Equipment India Pvt. Ltd. – Appellant
Versus
Saumya Mining Limited – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Nilesh M. Wable.

JUDGMENT :

NEELA GOKHALE, J.

1. The petition seeks appointment of an arbitrator under Section 11 of the Arbitration and Conciliation Act, 1996 (“Act”) to decide the dispute that has arisen between the parties out of agreements dated 1st October 2011 and 26th September 2013. Both the agreements are executed at Kolkata, West Bengal. The Petitioner (“Hyundai”) is a company engaged in the manufacture and supply of heavy construction equipment having all India operations. The Respondents (“Saumya”) is also a company engaged in the business of mining and undertaking infrastructure projects. Saumya has their registered offices in Kolkata.

2. By agreement dated 1st October 2011, Hyundai agreed to deliver to Saumya specified equipment for a purchase consideration. The agreement contains schedule pertaining to installments in which the purchase price would be paid by Saumya to Hyundai. Clause 25 of the agreement pertains to reference to arbitration in case of any dispute. It reads as thus:

    “25. If any dispute arises between the parties out of or in connection with the agreement whether in the nature of interpretation or meaning of any term hereof or as to any claim by one against the other, or o

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