Supreme Court of India · 2019-01-23
RAJASTHAN SMALL INDUSTRIES CORPORTION LIMITED vs M/S GANESH CONTAINERS MOVERS SYNDICATE
- Citation / case number
- SC 2016/24069
- Court
- Supreme Court of India
- Petitioner
- RAJASTHAN SMALL INDUSTRIES CORPORTION LIMITED
- Respondent
- M/S GANESH CONTAINERS MOVERS SYNDICATE
- Author
- HON'BLE MRS. JUSTICE R. BANUMATHI
- Bench
- HON'BLE MR. JUSTICE R. SUBHASH REDDY HON'BLE MRS. JUSTICE R. BANUMATHI
Judgment text excerpt
The Supreme Court addressed the arbitration proceedings under the Arbitration and Conciliation Act, 1996, specifically Sections 11(6) and 15, regarding the appointment of an independent arbitrator due to delays in the original arbitration process. The Court held that the appointment of an arbitrator is essential to resolve disputes arising from the agreement dated 28.01.2000, emphasizing the necessity of timely arbitration to uphold the principles of justice and efficiency. The outcome was the appointment of a new arbitrator to ensure the resolution of the ongoing disputes between the parties.