Search Results Page
Search Results
1 - 6 of 6 (0.30 seconds)The Arbitration And Conciliation Act, 1996
Sundaram Finance Ltd vs Nepc India Ltd on 13 January, 1999
19. The decision of the Hon ble
Division Bench in the matter of Nazir
Hussain Films Pvt. Ltd. (supra) will not
be of much assistance to the respondents
in the present case. The facts of the said
judgment are completely different from the
facts in the present matter. In the matter
of Nazir Hussain Films Pvt.Ltd. (supra)
as correctly submitted on behalf of the
petitioner inspite of the specific
::: Downloaded on - 09/06/2013 14:45:10 :::
71
pleadings that the case was based on a
written agreement the appellants therein
during arguments contended to the contrary
by submitting that their case was not
based on arbitration agreement but was
based on the arbitral clause contained in
the correspondence exchanged between the
parties (in terms of section 7(4)(b) of
the
Arbitration and Conciliation Act,
1996). It was held by the Hon ble Division
Bench that from the pleadings, no
conclusion could be drawn that it was the
case of the petitioner that the
correspondence exchanged between the
parties resulted into an arbitration
agreement. Keeping in mind the facts of
that case, in paragraph 14 of the said
judgment, the Hon ble Division Bench has
referred to certain English authorities
and the principles derived therefrom have
been summarized. The Hon ble Division
Bench observed The very fact that the
::: Downloaded on - 09/06/2013 14:45:10 :::
72
appellants contend that there is an
arbitral agreement evidenced by
communication upto 10th March 2006 must
negate the contention that there was a
concluded agreement on 8th May 2006 . It
was held by the Hon ble Division Bench
that there was no concluded agreement from
the correspondence and that merely because
there was
an arbitral clause in the
documents exchanged and there was no
dispute about the arbitral clause it would
not result in holding that there was a
contract containing an arbitral clause. In
the present case, there is an agreement
executed between the parties. As stated
aforesaid, the parties have not made the
agreement dependent upon any terms to be
agreed upon in future. The parties are ad
idem on the terms of the contract
including the arbitral clause. The consent
of the parties to be bound by the
agreement upon execution is clear from
::: Downloaded on - 09/06/2013 14:45:10 :::
73
clause 16 of the said agreement. The
decision in Nazir Hussain Films Pvt. Ltd.
M/S Gujarat Pottling Co.Ltd. & Ors vs The Coca Cola Co. & Ors on 4 August, 1995
28. The petitioner apart from
denying/disputing the aforesaid
contentions raised on behalf of the
respondent nos.1 and 2 have strongly
relied on paragraphs 47, 48, and 49 of the
judgment in the matter of Gujarat Bottling
(supra) Paragraph 49 of the said judgment
reads thus:
The Companies Act, 1956
Section 36 in The Arbitration And Conciliation Act, 1996 [Entire Act]
1