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Showing contexts for: pma arbitration in Gail (India) Ltd vs Tamil Nadu Civil Supplies Corporation on 26 October, 2016Matching Fragments
Gail (India) Limited, one of the parties to the arbitration proceedings, has brought the order dated 21.04.2016 made in PMA/ZH/09/2016 passed by the Joint Secretary and Sole Arbitrator directing the respondent/appellant herein not to take any adverse action against the claimant during the pendency of arbitration proceedings and another order dated 09.08.2016 passed by the learned Arbitral Tribunal, fixing the case on 09.11.2016 for further hearing.
2. Learned counsel for the appellant would submit that when the bank guarantee, furnished in favour of the appellant, is going to be encashed, the learned Arbitrator, who has seized of the vacate stay petition to recall its order dated 21.04.2016, without even hearing before passing any further order on the vacate stay petition, has simply adjourned the matter. As a result, the appellant, in spite of having benefit of enjoying the bank guarantee, has been put under great prejudice.