This petition is filed under section 11(6) of the Arbitration and Conciliation Act praying for the appointment of an Arbitrator to resolve disputes inter se the petitioner and respondent.
2. The petitioner invoked the dispute resolution clause in Agreement dated 20.3.2014 by way of a legal notice dated 17.11.2016, to which there was no response from the respondent.
3. Heard, Mr. J.Ravikumar appearing for the petitioner and Mr. N.V.Basanna appearing for the respondent.
4. Upon hearing, it is clear that the existence of a clause for dispute resolution stands admitted by the respondent.
5. Accordingly and by consent of the parties, I appoint Mr.N.C.Ramesh, Senior Advocate, No.16/26, Flat No.2, Parvathynayagam Apartments, II Cross Street, West CIT Nagar, Chennai - 35, as the Sole Arbitrator to enter upon reference and, after issuing notice to the parties and upon hearing them, pass an award as expeditiously as possible, preferably within a period of six months from the date of first sitting of the Arbitral Tribunal. The learned Arbitrator is at liberty to fix his remuneration and other incidental expenses, which shall be borne by both parties equally. The proceedings may be conducted under the aegis of the Madras High Court Arbitration Centre and in accordance with the Madras High Court Arbitration Rules.
6. The original petition is accordingly allowed leaving the parties to bear their own costs.
19.06.2017 speaking order/non-speaking order Index:Yes/No msr DR. ANITA SUMANTH, J.
msr
O.P.No.138 of 2017
19.06.2017