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Showing contexts for: Fast track arbitration in M/S Distribution Logistics Pvt. Ltd. vs M/S Bpb Builders Pvt. Ltd. on 12 May, 2020Matching Fragments
10. Learned counsel contends that having no other remedy, the Petitioner invoked the Arbitration Clause contained in the Agreement between the parties and nominated its Arbitrator. Despite receipt of the notice on 11.04.2019, Respondent has failed to appoint the Arbitrator. The Arbitration Clause between the parties reads as under :
"8: Any dispute between the parties shall be settled by arbitration.
9: The parties agree to a fast track arbitration which is to be disposed within 60 days from the date of reference. The arbitration will be held in accordance to the provision of the Arbitration and Conciliation Act, 1996."