Appeal regarding the legality of terminating arbitral proceedings under Section 32(2)(c) of the Arbitration and Conciliation Act, 1996. It outlines the factual background of the dispute involving Dani Wooltex Corporation, Sheil Properties, and Marico Industries. The appeal arises from the termination order passed by the Arbitral Tribunal, challenged by Sheil Properties. The document examines submissions from both parties' legal representatives and analyzes relevant provisions of the Arbitration Act. Ultimately, the court concurs with the decision of the learned Single Judge, dismissing the appeal and directing the appointment of a new Arbitrator.
Factual Aspects:
Consideration of Submissions:
Conclusion:
Case Title: Dani Wooltex Corporation & Ors. vs Sheil Properties Pvt. Ltd. & Anr.
Citation: 2024 LawText (SC) (5) 165
Case Number: Civil Appeal No. 6462 Of 2024
Advocate(s): Gaurav Agarwal, Mahesh Agarwal, Rishi Agrawala, Ankur Saigal, Gaurav Mehta, S. Lakshmi Iyer, Vikrant Shetty, Vidisha Swarup, E. C. Agrawala, Shekhar Naphade, Vikas Mehta, Adith Nair, Sahil Gandhi, Ruben Vakil, Ankit Vashisht
Date of Decision: 2024-05-16