JUDGEMENT
-
(1.) This is an application under Section 9 of the Arbitration and Conciliation Act , 1996, as amended by Act 3 of
2016 (in short "the Act of 1996").
(2.) It is the case of the petitioner that in terms of 12 separate agreements entered into between the parties herein whereby and
whereunder the respondent obtained various amounts of financial
accommodation to acquire various construction agreements described
in paragraph 4 of the application. All the said agreements
contained the arbitration clause providing for settlement of all
the disputes arisen between the parties relating to the said
agreements be adjudicated through arbitration.
(3.) The petitioner alleges that subsequently by an agreement dated August 29, 2018 the parties entered into a fresh agreement
relating to the construction equipments involved by the said 12
agreements. Consequently, there was an invocation of the said 12
agreements by the subsequent agreement dated August 29, 2018. The
clause 6.9 of the said agreement dated August 29, 2018
incorporated the arbitration agreement contained in all the
earlier 12 agreements.;
Click here to view full judgement.
Copyright © Regent Computronics Pvt.Ltd.