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    <title>2006 (9) TMI 493 - Supreme Court</title>
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    <description>On resignation of the presiding arbitrator, substitution had to follow the original contractual appointment mechanism read with Section 15(2) of the Arbitration and Conciliation Act, 1996. The two party-nominated arbitrators were required to seek consensus first, and only if that process failed could the designated contractual authority be approached; Section 11(6) was not available unless the agreed mechanism broke down. The court also could not appoint a judicial arbitrator contrary to the express arbitration clause, because party autonomy required strict adherence to the agreed procedure for selecting the presiding arbitrator. The High Court&#039;s appointment was therefore set aside and the parties were directed to proceed under the contract.</description>
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    <pubDate>Mon, 25 Sep 2006 00:00:00 +0530</pubDate>
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      <title>2006 (9) TMI 493 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=159568</link>
      <description>On resignation of the presiding arbitrator, substitution had to follow the original contractual appointment mechanism read with Section 15(2) of the Arbitration and Conciliation Act, 1996. The two party-nominated arbitrators were required to seek consensus first, and only if that process failed could the designated contractual authority be approached; Section 11(6) was not available unless the agreed mechanism broke down. The court also could not appoint a judicial arbitrator contrary to the express arbitration clause, because party autonomy required strict adherence to the agreed procedure for selecting the presiding arbitrator. The High Court&#039;s appointment was therefore set aside and the parties were directed to proceed under the contract.</description>
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      <pubDate>Mon, 25 Sep 2006 00:00:00 +0530</pubDate>
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