Value Line Interiors Private Limited v. Rolling Construction Private Limited

Delhi High Court · 18 Feb 2021 · 2021:DHC:601
C. Hari Shankar
ARB.P. 250/2021 & 251/2021
2021:DHC:601
arbitration appeal_allowed

AI Summary

The Delhi High Court appointed an arbitrator under Section 11(6) of the Arbitration & Conciliation Act, 1996 to resolve disputes between the parties under DIAC rules, disposing of the petitions accordingly.

Full Text
Translation output
ARB.P. 250/2021 & 251/2021
HIGH COURT OF DELHI
ARB.P. 250/2021 & I.A. 2535/2021
VALUE LINE INTERIORS PRIVATE LIMITED..... Petitioner
Through: Mr. Roshan Kumar and Mr.Namit Suri, Advs.
VERSUS
ROLLING CONSTRUCTION PRIVATE LIMITED..... Respondent
Through: Mr. Soham Kumar and Ms.Prarthana Singhania, Advs.
ARB.P. 253/2021 & I.A. 2544/2021
VALUE LINE INTERIORS PVT. LTD. ..... Petitioner
Through: Mr. Roshan Kumar and Mr.Namit Suri, Advs.
VERSUS
NATIONAL HOUSING BANK ..... Respondent
Through: Mr. Niraj Kumar, Adv.
CORAM:
HON'BLE MR. JUSTICE C.HARI SHANKAR
JUDGMENT

1. These are petitions under Section 11(6) of the Arbitration & Conciliation Act, 1996, for appointment of an arbitrator to arbitrate on the disputes between the parties. The gist of the disputes stand set out in the petitions and, to avoid prolixity, I do not deem it necessary to make reference thereto. O R D E R (O R A L) % 18.02.2021 2021:DHC:601 ARB.P. 250/2021 & 251/2021

2. Learned Counsel for the respondents have no objection to the disputes being referred to an arbitrator to be appointed by the Delhi International Arbitration Centre who would arbitrate on the disputes under the aegis of the DIAC as per its rules and regulations.

3. Accordingly, the disputes in both these petitions are referred for arbitration to an arbitrator to be appointed by the DIAC. The DIAC, while doing so, may consider the possibility of appointing the same arbitrator to arbitrate in both the matters, as the principal amount involved in Arb.P.250/2021 is less than ₹ 10 lakhs.

4. The parties may contact the coordinating officer in the DIAC within 48 hours of receipt, by e-mail, of a copy of this order from the Registry of this Court.

5. The arbitrator, needless to say, would arbitrate in accordance with the rules and regulations of the DIAC and the fees of the arbitrator would also be fixed according to the schedule of fees maintained by the DIAC.

6. Both the petitions stand disposed off accordingly.

C.HARI SHANKAR, J FEBRUARY 18, 2021