Milkfood Ltd vs M/S Gmc Ice Cream (P) Ltd on 5 April, 2004
It is one thing to say that commencement of
arbitration proceedings is dependent upon the fact of each
case as that would be subject to the agreement between the
parties. It is also another thing to say that the expression
'commencement of arbitration proceedings must be understood
having regard to the context in which the same is used; but
it would be a totally different thing to say that the
arbitration proceedings commences only for the purpose of
limitation upon issuance of a notice and for no other
purpose. The statute does not say so. Even the case laws do
not suggest the same. On the contrary the decisions of this
Court operating in the field beginning from Shetty
Construction (supra) are ad idem to the effect that Section
21 must be taken recourse to for the purpose of
interpretation of Section 85(2)(a) of the Act. There is no
reason, even if two views are possible to make a departure
from the decisions of this Court as referred to hereinbefore.