Vijay Kumar Munjal vs Pawan Munjal - 2022 Supreme(Del) 1335

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2022 Supreme(Del) 1335

VIBHU BAKHRU
Vijay Kumar Munjal – Appellant
Versus
Pawan Munjal – Respondent

Advocates appeared:
Mr Gopal Subramaniam, Senior Advocate, Mr Parag P. Tripathi, Senior Advocate with Mr Sanjeev Kapoor, Mr Sahil Narang, Mr Ankur Sangal, Mr Dhritiman Roy, Ms Pragya Mishra, Ms Ananya Bhat, Mr Madhavam Sharma, Mr Ayushman Kacker, Mr Vishakha, Advocates., for the Appellant; Dr. Abhishek Manu Singhvi, Senior Advocate, Mr. Rajiv Nayar, Senior Advocate, Mr. B.B. Gupta, Senior Advocate with Mr. Mahesh Agarwal, Mr. Rishi Agrawala, Mr. Karan Luthra, Mr. Ankit Banati, Ms. Manavi Agarwal, Mr. Saurabh Seth, Mr. Aman Sharma And Mr. Achal Gupta, Advocates for Respondent Nos.1 And 3. Mr Mukul Rohatgi, Senior Advocate Mr Sandeep Sethi, Senior Advocate, Mr Akhil Sibal, Senior Advocate with Mr Sidharth Chopra, Mr Kanishk Kumar, Mr Muktesh Maheshwari, Ms Abhiti Vachher, Ms Asavari Jain, Ms Shriya Misra, Advocates for Respondent No. 2., for the Respondent.

JUDGMENT

Vibhu Bakhru, J. - Introduction

1. The petitioners have filed the present petition under Section 11 of the Arbitration and Conciliation Act, 1996 (hereafter 'the A&C Act'), inter alia, praying that an arbitrator be appointed, on behalf of the respondents, to adjudicate the disputes that have arisen between the parties in relation to the Family Settlement Agreement dated 20.05.2010 (hereafter the 'FSA') and Trade Marks and Name Agreement dated 20.05.2010 (hereafter the 'TMNA').

2. The Munjal Family, a well-known business family, comprises of family members of four brothers (since deceased) - Late Shri Dayanand Munjal, Late Shri Satyanand Munjal, Late Shri Brij Mohan Lall Munjal and Late Shri Om Prakash Munjal (hereafter the 'Munjal Brothers').

3. The petitioners state that the Munjal Brothers established the business of bicycle spare parts in Amritsar, India in 1944. In 1956, the Munjal Brothers commenced manufacturing key components of bicycle and established a manufacturing plant in Ludhiana. Over a period of time, the Munjal Group diversified its business in the automotive sector, manufacture of bicycles and its components, and the financial sector including other such serv

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2022 Supreme(Del) 1335

VIBHU BAKHRUVijay Kumar Munjal – AppellantVersusPawan Munjal – Respondent

Cases Referred (21)

VIBHU BAKHRU
Vijay Kumar Munjal – Appellant
Versus
Pawan Munjal – Respondent