petitioner seeks interim measures of
relief in relation to Deadlock Notice dated 11.10.2022 issued by the
respondent, arising from and in the context of Joint ... Joint Venture
Agreement, which contemplates the issuance of a 'deadlock notice'
by either of the parties and provides a detailed mechanism
Ecl Finance Limited vs Abhinav Mukherji & Ors on 12 July, 2022
National Company Law
that some amicable solution shall be worked
out but ultimately there was deadlock with respect to
modalities of carrying out construction work on the spot ... also expressed impossibility of amicable resolution
of dispute/problem resulting into deadlock.
24. Ownership of different persons in building in
present case is akin
between the petitioner and respondent resulting in
correspondence but there is a deadlock regarding nomination of
arbitrator necessitating the presentation of captioned ... facts qua the case on
hand, both learned counsel submit that the deadlock is only with regard to
appointment of third Arbitrator. It is also
parties to the proceedings that there still appears to be
deadlock and the Ad-hoc Committee has not been able to resolve the
same ... that still
remained to be resolved and which had resulted in a deadlock as there
was an equal representation of nominees of the Plaintiffs
Ecl Finance Limited vs Abhinav Mukherji & Ors on 12 July, 2022
Author: Ashok Bhushan
they will approach
NCLT for adjudication of their claim for compensation/interest. Deadlock
was noticed by the Chairman and in view of the stand ... approach NCLT on this compensation matter for
adjudication.
Since there was a deadlock, the Chairman requested
the members to clarify on the way forward
they will approach
NCLT for adjudication of their claim for compensation/interest. Deadlock
was noticed by the Chairman and in view of the stand ... approach NCLT on this compensation matter for
adjudication.
Since there was a deadlock, the Chairman requested
the members to clarify on the way forward
substantial period of time for
negotiations, which eventually may lead to a deadlock in all the JICA
funded projects. It is submitted that JICA
learned Advocate General to explore the possibility of
resolving the deadlock which has been created. On the one
hand, permitting the policy in the Government
