https://www.taxtmi.com/caselaws?id=105727 An arbitration clause providing for either a sole arbitrator by agreement or otherwise a three-member tribunal was read as supporting a tribunal acting by majority under section 10(2) of the Arbitration Act, 1940, rather than an umpire arrangement under section 10(1). The text and structure of the clause, together with the parties' continued participation, supported validation of the tribunal's constitution. Waiver and acquiescence could preclude a late objection to composition, and a later joint statement naming the chairman and two arbitrators further indicated a fresh agreement. The arbitral proceedings were therefore treated as valid and the reference could proceed. en-us Wed, 08 Nov 2000 00:00:00 +0530 Wed, 07 Mar 2012 12:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105727 An arbitration clause providing for either a sole arbitrator by agreement or otherwise a three-member tribunal was read as supporting a tribunal acting by majority under section 10(2) of the Arbitration Act, 1940, rather than an umpire arrangement under section 10(1). The text and structure of the clause, together with the parties' continued participation, supported validation of the tribunal's constitution. Waiver and acquiescence could preclude a late objection to composition, and a later joint statement naming the chairman and two arbitrators further indicated a fresh agreement. The arbitral proceedings were therefore treated as valid and the reference could proceed. Case-Laws Companies Law Wed, 08 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105727