Facts
L&T Finance Limited filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim measures.
Source reference: p. 1The parties agreed that their disputes could be referred to arbitration and jointly proposed Hon’ble Mr. Justice Rajiv Sahai Endlaw (Retd.) as sole arbitrator.
Source reference: pp. 1–2Separately, an impleadment applicant sought leave to withdraw its application, which the Court dismissed as withdrawn.
Source reference: pp. 1–2Issues
1. Whether, by consent, a sole arbitrator could be appointed to adjudicate the disputes between the parties
Source reference: p. 22. Whether the pending Section 9 petition should, after constitution of the arbitral tribunal, be treated as an application under Section 17 of the Act
Source reference: pp. 3–43. Whether the impleadment application should be permitted to be withdrawn
Source reference: p. 2Law Applied
Section 9 of the Arbitration and Conciliation Act, 1996, provides for court-ordered interim measures, while Section 17 empowers the arbitral tribunal to grant interim measures.
Source reference: pp. 2–3The Court recorded the parties’ agreement to waive their contractual and formal procedure and proceed with a sole arbitrator; it cited no precedent or further legal test.
Source reference: pp. 2–3Reasoning
As all parties agreed that an arbitrator could be appointed and jointly proposed the same candidate, the Court found no impediment to appointing a sole arbitrator.
Source reference: p. 2To have the interim-measures request considered by the tribunal after its constitution, the Court directed that the Section 9 petition be treated as an application under Section 17 and requested its decision within 30 days.
Source reference: pp. 3–4The impleadment applicant’s request to withdraw was accepted.
Source reference: p. 2Holding
The Court appointed Hon’ble Mr. Justice Rajiv Sahai Endlaw (Retd.) as sole arbitrator under the aegis of the Delhi International Arbitration Centre, with the reference to commence within three weeks.
It left all pleas, including arbitrability, maintainability and jurisdiction, open for determination by the arbitrator, and directed that the Section 9 petition be treated as a Section 17 application after the tribunal is constituted.
Source reference: pp. 3–4The impleadment application was dismissed as withdrawn, and the Section 9 petition was disposed of in those terms.
Source reference: pp. 1–4Acts & Sections Cited
2 provisions across 1 statute referred to in this judgment. Each provision opens on LawLens.
Arbitration and Conciliation Act, 19962
Original Court PDF
L And T Finance LimitedvsPrakash Chandra Bajpai And Ors
Click to open original judgment
Original judgment, available to read, download and summarize on LawLens.in
