Full Text
HIGH COURT OF DELHI
JUDGMENT
RAJESH SHARMA ..... Petitioner
Advocates who appeared in this case:
For the Appellants: Mr. Raghav, Advocate (Through VC)
For the Respondent: Mr. Sunil Chaudhary, Advocate.
1. Learned counsel appearing for the petitioner seeks appointment of a third member of the Arbitral Tribunal. Petitioner has appointed Mr. Manish Gupta as their nominee Arbitrator and Mr. Sudhir Bisla, Advocate is the nominee Arbitrator appointed by the respondent.
2. Without prejudice to the rights and contentions, learned counsels for the parties are agreeable that the third member be appointed by this Court.
3. Accordingly, with the consent of the parties, Mr. Satyakam, Advocate (Mobile # +91 96432 38429) is appointed as the third member of the Tribunal to act as the presiding arbitrator. 2022:DHC:1487 ARB.P. 999/2021
4. The Tribunal shall be paid fee as per the Fourth Schedule of the Arbitration and Conciliation Act, 1996.
5. Necessary disclosure under section 12 of the Arbitration and Conciliation Act, 1996 shall be made by the members of the Tribunal within two weeks of entering reference.
6. The petition is disposed of in the above terms SANJEEV SACHDEVA, J APRIL 25, 2022