Arihant Industrial Corporation Ltd v. Pranay Atul Safari And ANR

arbpl 225 of 2018 (924).sxw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION (L) NO.225 OF 2018 Arihant Industrial Corporation Ltd.

...

Petitioner versus Pranay Atul Sarari and Anr.

...

Respondents Mr. Cyrus E. Bharucha with Ms. Kavita Brid Chavan, Ms. Pooja Vasandani i/by M/s. Rajanji Associates, for Petitioner.

Mr. V.A.

Thorat, Senior Advocate i/by Mr. V.P.Pandya, for Respondents. CORAM: S.J. KATHAWALLA, J.

DATE: 12 th APRIL, 2018 P.C.:

1.

Heard the learned Advocates appearing for the parties and the following order is passed by consent :

(i) Ms. Ankita Singhania, Advocate is appointed as the sole Arbitrator to decide the disputes between the parties arising out of the Agreement dated 11 th October, 2013.

(ii)The disclosure of Ms. Ankita Singhania, Advocate under Section 11 (8) read with Section 12 (1) of the Arbitration and Conciliation Act, 1996 as amended by the Arbitration and Conciliation (Amendment) Act, 2015 (3 of 2016) is taken on record.

(iii)The parties and/or their Advocates shall appear before the learned Arbitrator in her chambers, on 17 th April, 2018 at 5.30 p.m. and obtain necessary directions.

ssp 1/2

arbpl 225 of 2018 (924).sxw (iv)The present Petition filed by the Petitioner under Section 9 of the Act shall be treated as an Application under Section 17 of the Act by the learned Arbitrator and decided within a period of five weeks from today. (v) The order passed by this Court 8 th March, 2018 shall continue to be in operation for a period of six weeks from today (vi)The learned Arbitrator shall not grant adjournments to the parties unless absolutely necessary.

(vii)The learned Arbitrator shall endeavour to pass her final Award within a period of six months from the date of this order. (viii) All contentions of the parties are kept open. (ix) The cost of arbitration shall initially be borne by the parties equally. (x) The venue of Arbitration shall be at Mumbai. (xi)In view of this order, the above Arbitration Petition is disposed of. ( S.J.KATHAWALLA, J. ) ssp 2/2