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IN THE HIGH COURT OF DELHI AT NEW DELHI

Date of decision: 31.10.2018

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ARB.P. 724/2018 & IA 14999/2018

PARSVNATH DEVELOPERS LIMITED & ANR.

..... Petitioners

Through: Mr.Ciccu Mukopadhyay, Sr. Adv.

with Mr.Vijay Nair, Mr.Saurav Agrawal,

Mr.Shubham Paliwal, Mr.Kapil Rustogi,

Ms.Aakriti Dawar, Mr.Vibhu Anshuman,

Advs.

versus

RAIL LAND DEVELOPMENT AUTHORITY

..... Respondent

Through: Mr.Shaurya Sahay, Mr.Avijit

Mani Tripathi, Kumar Abhishek, Advs.

CORAM:

HON'BLE MR. JUSTICE NAVIN CHAWLA

NAVIN CHAWLA, J. (Oral)

1. 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 nominee

Arbitrator on behalf of the respondent for constitution of the

Arbitral Tribunal to adjudicate the disputes that have arisen

between the parties in relation to the Development Agreement

dated 31.05.2013 executed between the parties.

2. The Arbitration Agreement is contained in Clause 31.4.1

of the said Agreement.

3. The petitioner invoked the Arbitration Agreement vide

its notice dated 30.5.2018 read with notice dated 18.7.2018

nomina