# K C AGGARWAL vs NATIONAL STOCK EXCHANGE OF INDIA LIMITED & ANR.

Court: Delhi High Court
Date: 2025-05-30
Citation: ARB.P.-1264/2023 2025:DHC:4659
Petitioner: K C AGGARWAL
Respondent: NATIONAL STOCK EXCHANGE OF INDIA LIMITED & ANR.

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/CHS30052025AA12642023_153358.pdf)

## Judgment text (excerpt)

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 24 July 2024 Pronounced on: 30 May 2025 ARB.P. 1264/2023 K C AGGARWAL .....Petitioner Through: Petitioner in person versus NATIONAL STOCK EXCHANGE OF INDIA LIMITED & ANR .....Respondents Through: Mr. Jayant Mehta, Sr. Adv. with Mr. Akshay Bhatia, Ms. Ritu Anand, Ms. Shivany Berry, Ms. Ayushi Kumar and Mr. Jafar Alam, Advs. Md. Zaryab Jamal Rizvi, Ms. Firdouse Qutb Wani and Ms. Subia Naaz, Advs, for R2. CORAM: HON'BLE MR. JUSTICE C. HARI SHANKAR JUDGMENT % 30.05.2025 1. This is a petition under Section 11(6)1 of Arbitration and Conciliation Act, 19962, for reference of the disputes between the 1 11. Appointment of arbitrators- (6) Where, under an appointment procedure agreed upon by the parties,— (a) a party fails to act as required under that procedure; or (b) the parties, or the two appointed arbitrators, fail to reach an agreement expected of them under that procedure; or (c) a person, including an institution, fails to perform any function entrusted to him or it under that procedure, the appointment shall be made, on an application of the party, by the arbitral institution designated by the Supreme Court, in case of inter

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