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DELHI HIGH COURT
NAVIN CHAWLA
Global Credit Capital Ltd. – Appellant
Versus
Krrish Realty Nirman Pvt. Ltd. – Respondent
JUDGMENT
Navin Chawla, J. (Oral) This petition under Section 11 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the `Act') has been filed by the petitioner seeking appointment of a Sole Arbitrator for adjudicating the disputes that have arisen between the parties in relation to the Collaboration Agreement dated 17.05.2011 read with Supplementary Collaboration Agreement dated 18.03.2013 between the parties. Both the Agreements contain an Arbitration Agreement between the parties. The only dispute raised by the respondent is with respect to the territorial jurisdiction of this Court to entertain the present petition.
2. The Collaboration Agreement dated 17.05.2011 contains the Arbitration Agreement in the form of Clause 24 thereof, which is reproduced herein below:
"Clause 24: That any dispute or difference touching upon or arising of or in connection with this Agreement or interpretation of any of the provisions of this Agreement, shall be resolved amicably at the first instance. If such disputes are unresolved for a period exceeding 30 (thirty) days, such disputes shall be submitted to arbitration. The arbitration shall be conducted in accordance with th
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