Parsvnath Developers Limited & ANR. v. Ashima Infrastructures Pvt. Ltd.

$~13 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ ARB.P. 134/2016 PARSVNATH DEVELOPERS LIMITED ..... Petitioner Through Mr.Vijay Nair, Adv.

versus ASHIMA INFRASTRUCTURES PVT. LTD.

..... Respondent Through Mr.Harpreet Singh, Adv.

with Mr.Rajesh Gupta & Mr.Pranjal Saran, Advs.

CORAM:

HON'BLE MR. JUSTICE MANMOHAN SINGH

O R D E R

% 01.04.2016 The present petition has been filed by the petitioner under Section 11(5) of the Arbitration and Conciliation Act, 1996 for appointment of an Arbitrator.

Respondent is served. Learned counsel for the parties state that they have taken the instructions from their respective clients who have no objection if a retired Addl. District Judge is appointed as sole Arbitrator to adjudicate the disputes between the parties.

With the consent of the parties, the prayer made in the petition is allowed.

As agreed, the matter is referred to the Delhi International Arbitration Centre ('DAC') who will appoint an Arbitrator in accordance with the provisions of the Act.

The Arbitrator to adjudicate the disputes arising out of the agreement in question between the parties including their claims and counter-claims.

The arbitration shall take place under the aegis of DAC. The Arbitrator shall ensure the compliance of the provisions of Arbitration and Conciliation (Amendment) Act, 2015 before commencing the arbitration. The fees of the learned Arbitrator shall be in terms of the Delhi International Arbitration Centre (Administrative Cost Arbitrator's Fees) Rules. The parties to appear before the DAC on 25th April, 2016 for directions. The petition is accordingly disposed of.

Copy of this order be given dasti to the learned counsel for the parties and a copy thereof be delivered to the Additional Coordinator, DAC forthwith.

MANMOHAN SINGH, J.

APRIL 01, 2016/ka