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2024 Supreme(Online)(DEL) 14122

HIGH COURT OF DELHI
DINESH KUMAR SHARMA, J
ORIX LEASING AND FINANCIAL SERVICES INDIA LTD – Appellant
Versus
ANKIT GULLIYA – Respondent


Advocates:
RAJESH JANGRA

ORDER

% 09.04.2024 I.A. 6992/2024 (exemption) Exemption is allowed subject to all just exceptions.

Application stands disposed of.

ARB.P. 414/2024

1. The present petition has been filed under Section 11(5) of the Arbitration and Conciliation Act, 1996 for appointment of arbitrator.

2. The parties have entered into the agreement dated 08.10.2018. Article -22 of the agreement contains arbitration and jurisdiction clause which is reproduced as under;

  • ARTICLE-22 ARBITRATION AND JURISDICTION 22 1. In the case of any dispute or any difference between the Parties arising out of or in relation to this Agreement including dispute or difference as to the validity of this Agreement or interpretation or any of the provision of this Agreement, the same shall be resolved by mutual discussion. If the Parties fail to settle the dispute or difference mutually within 15 days after the dispute shall have arisen then the same shall be referred to Arbitration or the sole arbitrator, appointed by the Parties by mutual agreement. If the Parties fail to agree to appoint sole Arbitrator within 45 days after the dispute shall have arisen either party shall make an application to the Chief Justice of the B

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