URBAN INFRASTRUCTURE TRUSTEES LTD Vs. GOLDBRICKS INFRASTRUCTURE PRIVATE LIMITED
LAWS(BOM)-2019-11-164
HIGH COURT OF BOMBAY
Decided on November 25,2019

Urban Infrastructure Trustees Ltd Appellant
VERSUS
Goldbricks Infrastructure Private Limited Respondents

JUDGEMENT

- (1.) Parties agree that an order of appointment of arbitrator even if made today will not take efect for a period of 30 days, during which time the parties will attempt to resolve their disputes by negotiation. If there is no compromise arrived on or before 31st December 2019, then the parties will refer their disputes to the sole arbitration of a person nominated by this Court.
(2.) The suggestion is reasonable. The parties leave the choice of arbitrator to the Court.
(3.) There are two agreements in question. One is a shareholders' agreement or SHA dated 12th May 2008. The other is a share subscription agreement or SSA dated 31st March 2008.;


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