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IN THE HIGH COURT OF DELHI AT NEW DELHI

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Date of Decision: 17.12.2013

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W.P.(C) 7918/2013 and CM No. 16777/2013 (stay)

TRAXPO ENTERPRISES PVT. LTD

..... Petitioner

Through: Mr Kuljeet Rawal and Mr Jagjit

Singh, Advs.

Versus

PEC LIMITED & ANOTHER

..... Respondent

Through: Mr Arvind Chaudhary, Adv for R-1

CORAM:

HON'BLE MR. JUSTICE V.K.JAIN

JUDGMENT

V.K.JAIN, J. (Oral)

The petitioner before this Court entered into an agreement with

respondent No.1-PEC Limited, which is a public sector undertaking.

The agreement between the said parties contained the following

arbitration clause:-

“Any dispute or difference in respect of may matter

relating to or arising out of the Associateship Agreement

between PEC and ASSOCIATE, if the same is not

resolved amicably, will be settled at New Delhi by

arbitration in accordance with Rules of Arbitration of

Indian Council of Arbitration, New Delhi and the Award

made in pursuance thereof shall be final and binding on

the parties. The Arbitrator will give a reasoned Award.

The venue of arbitration will be New Delhi.

2013:DHC:6473

2. As per the rules of Arbitration of ICA, since the cl