Deepak Jain And ANR v. Ramesh Chetwani

Nitin 1 / 2 922-ARBAP-9-2015

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION APPLICATION NO.9 OF 2015 Deepak Jain and Anr.

...

Applicants

Versus

Ramesh Chetwani ...

Respondent Mr. R.R. Sharma for the Applicants.

Mr. Rajeev K. Pandey a/w. Mr. Sanjiv G. P. i/b. PRS Legal for the Respondent.

CORAM : S.J. KATHAWALLA, J.

DATED : 11 TH MARCH, 2015 P.C.

1.

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

i.

The disputes and differences between the parties arising out of the Shareholders Agreement dated 5th August, 2009 are referred to the sole Arbitration of Mr. Ankit Lohia, Advocate. ii. The parties and their Advocates shall appear before the learned Arbitrator in his chambers, on 16th March, 2015 at 5.30 p.m. and obtain necessary directions.

iii. The learned Arbitrator shall endeavour to pass his Award within a period of four months from the date of the first meeting held by him with the parties and their Advocates.

Nitin 2 / 2 922-ARBAP-9-2015 iv. The cost of arbitration shall initially be borne by the parties equally. v. All contentions of the parties are kept open. vi. The venue of Arbitration shall be at Mumbai. The above Arbitration Application is accordingly disposed of. (S.J. KATHAWALLA, J.)