Nyeq Technologies Private Limited vs Thor Ventures (Opc) Private Limited on 15 February, 2024
3.2. Since disputes arose between the parties, the respondent
appointed a Sole Arbitrator in view of the arbitration clause
contained in the Agreements. Vide order dated 11.02.2021 the
learned Arbitrator so appointed passed an ex-parte interim
order restraining the appellant from alienating, creating any
third-party interests or parting with possession of the subject
properties that were subject matter of the arbitral proceedings.
3.3. In the meantime, the appellant moved a petition bearing
O.M.P.(T)(COMM.) No. 1/2023 titled NyeQ Technologies
Private Limited vs. Thor Ventures (OPC) Private Limited
before this court; whereupon, vide order dated 15.02.2023, a
Coordinate Bench of this court set-aside the appointment of the
learned Arbitrator, since he had been unilaterally appointed, in
view of the law laid down by the Supreme Court inter-alia in
This is a digitally signed order. ARB. A. (COMM.) 33/2023 Page 2 of 7
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