Just a moment...
Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
Issues: Whether the Company Law Board was justified in rejecting the application under section 8 of the Arbitration and Conciliation Act, 1996 on the ground that the original agreement or a certified copy had not been filed, despite the existence of an arbitration agreement not being disputed.
Analysis: The application was not examined on merits by the Company Law Board and was rejected only because the original agreement dated 7 May 1998 or its certified copy had not been produced. The existence of the agreement containing the arbitration clause was not disputed. Where the arbitration agreement is admitted and the original is in the possession of the opposite party, non-production by the applicant does not justify rejection of the request for reference to arbitration. The defect relied upon by the Company Law Board was therefore legally unsustainable.
Conclusion: The rejection of the section 8 application was unjustified and is set aside. The matter is remanded to the Company Law Board for reconsideration on merits.
Ratio Decidendi: An application seeking reference to arbitration cannot be rejected for non-production of the original agreement when the existence of the arbitration agreement is not disputed and the document is in the possession of the opposite party.