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DELHI HIGH COURT
SANJEEV SACHDEVA
G4S Secure Solutions India Private Limited – Appellant
Versus
SRB Promoters Pvt. Ltd. – Respondent
| Table of Content |
|---|
| 1. agreement for arbitration and consent of parties. (Para 1 , 2 , 3) |
| 2. regulations regarding the arbitrator's fees and disclosures. (Para 4 , 5) |
| 3. petition disposal and cancellation of dates. (Para 6 , 7) |
JUDGMENT
Sanjeev Sachdeva, J.
1. Petitioner seeks appointment of an Arbitral Tribunal pursuant to the agreement for Guarding Services dated 15.06.2019.
2. Learned counsel appearing for the respondentsubmits that without prejudice to the rights and contentions, respondents have no objection to the dispute being referred to a sole Arbitral Tribunal.
3. Accordingly, with the consent of parties, Mr. K. Venkatraman, Advocate (Mobile # + 91 9810387820; email: venkatraj2007@yahoo.com) is appointed as the Sole Arbitral Tribunal to adjudicate the claims and counter-claims, if any, of the parties.
4. The fees of the learned Arbitrator shall be as per the Fourth Schedule of the Arbitration and Conciliation Act, 1996.
5. The Arbitrator shall furnish the requisite disclosure under section 12 of the Arbitration and Conciliation Act, 1996 within two weeks of entering reference.
6. The petition is disposed of in the above terms.
7. Next date on 25.07.2022, stands can
Consensual appointment of an Arbitrator facilitates dispute resolution, as per the Arbitration and Conciliation Act, ensuring rights and contentions are preserved.
The court confirmed that appointment of an Arbitral Tribunal can occur with mutual consent of parties, per Arbitration and Conciliation Act, 1996.
Parties can consensually appoint an arbitrator, and procedural rules under the Arbitration and Conciliation Act must be adhered to, including disclosure requirements.
Consent from both parties is pivotal for the appointment of an Arbitral Tribunal under loan agreements per the Arbitration and Conciliation Act, 1996.
Parties may consent to arbitration under an agreement, leading to the appointment of an arbitrator to resolve disputes.
Parties can resolve disputes through arbitration when they mutually consent, cementing the arbitration process as per the Arbitration and Conciliation Act, 1996.
The court established that parties can mutually agree to appoint a sole arbitrator for identical disputes under the Arbitration and Conciliation Act, and emphasized the requirement for disclosure by ....
The consent of both parties to appoint a sole arbitrator underscores the principle of mutual agreement in arbitration proceedings under the Arbitration and Conciliation Act, 1996.
The court confirmed party autonomy in arbitration appointments, allowing for a sole arbitrator despite an initial agreement for a three-arbitrator panel.
Parties can agree to arbitration, and courts will appoint an arbitrator to resolve disputes accordingly.
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