Back
HIGH COURT OF DELHI
PRATHIBA M. SINGH, J
NATIONAL RESEARCH DEVELOPMENT CORPORATION & ANR. – Appellant
Versus
CHROMOUS BIOTECH PVT LTD – Respondent
| Table of Content |
|---|
| 1. factual background of the case presented. (Para 2 , 3) |
| 2. details of arbitration proceedings and findings. (Para 4 , 5) |
| 3. discussion on timelines and statutory limitations. (Para 10 , 11 , 15) |
| 4. final verdict and ruling on the petition. (Para 16) |
JUSTICE PRATHIBA M. SINGH
Prathiba M. Singh, J. (Oral)
1. This hearing has been done through hybrid mode.
2. The present petition under Section 34 of the Arbitration and Conciliation Act, 1996 has been filed by the Petitioners-National Research Development Corporation (hereinafter, ‘NRDC’) and the Department of Scientific and Industrial Research (hereinafter, ‘DSIR’) under the Ministry of Science and Technology, Government of India. NRDC is an enterprise of DSIR and is involved in the Technology Development and Demonstration Programme (hereinafter, ‘TDDP’).
3. The Respondent-company is engaged in manufacturing drugs and intermediates, established in 2006. Its director approached the Petitioners with a proposal to develop a rapid molecular diagnostics kit for malaria detection. A royalty agreement dated 18th October, 2011 was entered into between the Petitioners and the respondent, outlining the development of the 1 malaria d
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
