Machino Plastics Ltd. And Machno ... vs Caparo Maruti Ltd., Caparo India Ltd., ... on 10 November, 2003
18. The learned counsel further submitted that the alleged arbitration agreement is contained in a document referred to as Joint Venture Agreement (JVA) dated 7.1.1994 and the said JVA is not signed by any person for and on behalf of the petitioner namely, Machino Plastics Ltd. and Machino Finance Pvt. Ltd. Hence arbitration agreement under question is not signed by the petitioner companies and the said joint venture agreement is also not signed by Mr. Jindal for and on behalf of any person. Further no person has signed on behalf of M/s. Caparo Maruti Ltd. and Caparo India Ltd. or other respondents mentioned in the petition. The learned counsel was of the view that the authorities cited by the applicants under arbitration act, 1940 namely, J.K. Jain and Ors. v. DDA and Ors. (AIR 1996 SC 318) and Renu Sagar Power Co. Ltd. v. Journal Electric Co. Ltd. (AIR 1984-4 SC Cases 6, 7, 9) are in relation to Arbitration Act, 1940 and are not applicable in relation to Arbitration and Conciliation Act, 1996. The application is liable to be dismissed on this ground alone.