ONGC Petro Additions Ltd. Vs. Daelim Ind. Co. Ltd.
|
Head Note
The Arbitration and Conciliation Act, 1996 - Section 11 (6)
Arbitral Tribunal - Appointment of Presiding Arbitrator - There was a binding contract between the parties - Parties were to be governed by the provisions of the Indian Act, 1996 - In the absence of consensus between the nominated arbitrators, the Court is obliged to appoint the presiding arbitrator -A retired Judge of the Apex Court appointed as the presiding arbitrator - Consequent upon a request made by the non-applicant, it was agreed between the parties, that the venue of the arbitral proceedings would be Singapore - Directed that arbitral proceedings shall, subject to a mutual consensus to the contrary, be conducted at Singapore.
Topic(s)-Arbitration - Presiding Arbitrator - Appointed