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NEENA BANSAL KRISHNA
Coronation Infrastructure Pvt. Ltd – Appellant
Versus
Tata Capital Financial Services Ltd – Respondent
JUDGMENT
1. The present petition under Section 14 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as 'A&C Act, 1996') has been filed on behalf of the petitioners seeking termination of the mandate of the Sole Arbitrator appointed by the respondent.
2. It is submitted in the petition that the petitioners purchased the machinery/equipment, namely, LIUGONG CLC 414 from the respondent on 31st October, 2017 vide Loan-cum-Hypothecation-cum-Guarantee Agreement (hereinafter referred to as 'Loan Agreement') bearing Loan No. 0000007000480101 and the same was to be paid in 35 equal monthly installments of Rs. 11,86,000/- commencing from 03rd December, 2017 till 03rd May, 2021. The complete installments were made by the petitioners, but only delayed charges remained pending under the Loan Agreement. The disputes arose between the parties, and respondent unilaterally appointed Mr. Jaswant Singh as the Sole Arbitrator to adjudicate the disputes between the parties on 12th December, 2019 in respect of Loan Agreement. The Sole Arbitrator accepted his appointment vide Consent Letter-cum-Notice of Appearance dated 28th December, 2019. The respondent filed its Statement of Claim
The de jure disqualification of an Arbitrator under A&C Act, 1996, Section 14(1) leads to the termination of the mandate and the appointment of a substitute Arbitrator.
The unilateral appointment of an arbitrator by one party, violating Section 12(5) of the Arbitration and Conciliation Act, 1996, renders the arbitrator ineligible, necessitating the appointment of a ....
The unilateral appointment of an Arbitrator contravenes statutory requirements, leading to termination of the mandate if the appointment raises doubts about independence or impartiality.
The unilateral appointment of an arbitrator by one party without consent of the other violates the Arbitration and Conciliation Act, resulting in automatic termination of the arbitrator's mandate.
Unilateral appointment of an Arbitrator without consent violates procedural fairness under the Arbitration and Conciliation Act, leading to the termination of the mandate.
Unilateral appointment of a sole arbitrator is impermissible and illegal, leading to the automatic termination of the arbitrator's mandate under Section 14(1)(a) of the Arbitration and Conciliation A....
The main legal point established in the judgment is the application of Section 12(5) of the Arbitration and Conciliation Act, 1996, and the proviso allowing parties to waive disqualification through ....
Unilateral appointment of an Arbitrator by a party is impermissible, and the ineligibility of the Arbitrator under Section 12(5) of the A&C Act is a valid ground for challenging the appointment.
The unilateral appointment of a Sole Arbitrator by a party in conflict with statutory provisions and judicial judgments is impermissible. The waiver of the right to object and the criteria for impart....
Unilateral appointment of an arbitrator by a party with vested interests breaches principles of fairness and impartiality, rendering such appointment invalid under arbitration laws.
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