having received the notice of invocation of pledge dated
05.08.2023, did not come forward to redeem the pledged shares by offering
to pay the entire
disputes between the parties have arisen in the context of a Share
Transfer Agreement dated 25.07.2018 entered into between the petitioner
and the respondent ... terms of
Clause-6 of the said Share Transfer Agreement dated 25.07.2018.
4. A legal notice/ invocation notice was sent by the petitioner
once selected at the timeof invocation of
dispute shall remain unchanged.
2.3 The cost of arbitration proceedings shall be shared equally by the
parties ... shall be applicable. All matter
relating to this Contract and arising outof invocation of Arbitration
clause are subject to the exclusive jurisdiction of the Courts
once selected at the timeof invocation of
dispute shall remain unchanged.
2.3 The cost of arbitration proceedings shall be shared equally by the
parties ... shall be applicable. All matter
relating to this Contract and arising outof invocation of Arbitration
clause are subject to the exclusive jurisdiction of the Courts
Reliance has also been places on Raj Chawla And Co. Stock
And Share Brokers Vs. M/S Nine Media and Information
Services ... admitted fact that the present petition concerns a second
invocation of the arbitration clause of the Loan Agreement. The arbitration
Signature Not Verified
respondent vide its letter dated 17.06.2022, in response to the
invocation letter dated 01.06.2022 sent by the petitioner, had agreed for
constitution of the Arbitral ... respondent vide its
letter dated 14.07.2022, shared a panel of four retired Railway Officers with
the petitioner and requested the petitioner to suggest at least
respondent vide its letter dated 17.06.2022, in response to the
invocation letter dated 01.06.2022 sent by the petitioner, had agreed for
constitution of the Arbitral ... respondent vide its
letter dated 14.07.2022, shared a panel of four retired Railway Officers with
the petitioner and requested the petitioner to suggest at least
disputes between the parties have arisen in the context of a
"Share Purchase cum Settlement Agreement" dated 02.01.2024. It is alleged
that ... agreement.
3. Disputes having arisen between the parties, a notice of invocation
dated 10.06.2024 was sent by the petitioner to the respondent. The said
notice
respondent vide its letter dated 17.06.2022, in response to the
invocation letter dated 01.06.2022 sent by the petitioner, had agreed for
constitution of the Arbitral ... respondent vide
its letter dated 14.07.2022, shared a panel of four retired Railway Officers
with the petitioner and requested the petitioner to suggest at least
partnership deed, the respondent was to receive a 50% share in the
profits of the petitioner firm in lieu of performing the various duties ... Arbitration Act, which is in force."
5. The petitioner sent an invocation notice dated 09.06.2023 under
Clause 23 of the partnership deed. Vide
