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CHANDRA DHARI SINGH
Naveen Bathla – Appellant
Versus
Youth Destination – Respondent
ORDER
Chandra Dhari Singh, J. (Oral)--The present petition has been filed on behalf of the petitioner under Section 11 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as "the Act") seeking appointment of a Sole Arbitrator for redressal of disputes between the parties qua the Rent Deed dated 16th April, 2019.
2. Learned counsel appearing on behalf of the petitioner submitted that the petitioner is the rightful owner of the premises bearing no. 639, Ground Floor, Dr. Mukherjee Nagar, Delhi-110009 and the respondent No. 1 is a partnership firm and the respondent No. 2 is one of the partners in respondent No. 1 firm.
3. It is submitted on behalf of the petitioner that in order to operate an institute for imparting education, the parties executed a Rent Deed dated 16th April, 2019, for a period of 03 years commencing from 1st May, 2019 and expiring on 30th April, 2022.
4. It has been submitted on behalf of the petitioner that in accordance with Rent Deed, the rent of the property was fixed at Rs.2,75,000/- per month for first year, Rs.2,88,750/- per month for the second year and Rs.3,03,190/- per month for the third year after the deduction of the TDS and exclus
The importance of consent of both parties in appointing an arbitrator and the interpretation of Section 10 of the Arbitration and Conciliation Act, 1996.
Appointment of a sole arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996 in cases of serious breach of lease terms.
Court emphasized that a party's failure to respond to notices regarding breach of contract leads to the appointment of an arbitrator to resolve disputes, as stipulated by the Arbitration and Concilia....
The court held that arbitration must be initiated if disputes remain unresolved, particularly when both parties accept the need for arbitration, affirming the provisions of the Arbitration and Concil....
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