https://www.taxtmi.com/caselaws?id=256822 A vague arbitration clause in a sale contract was held not to constitute a valid and enforceable arbitration agreement, because it referred disputes to arbitration under by-laws of the Indian Companies Act, 1956 without any shown by-laws and lacked a clear, workable mechanism. A later expression of willingness in a reply to a winding up petition was insufficient to cure the defect. As no valid arbitration agreement existed, appointment of an arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996 was declined. en-us Mon, 16 Feb 2015 00:00:00 +0530 Mon, 23 Feb 2015 04:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256822 A vague arbitration clause in a sale contract was held not to constitute a valid and enforceable arbitration agreement, because it referred disputes to arbitration under by-laws of the Indian Companies Act, 1956 without any shown by-laws and lacked a clear, workable mechanism. A later expression of willingness in a reply to a winding up petition was insufficient to cure the defect. As no valid arbitration agreement existed, appointment of an arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996 was declined. Case-Laws Companies Law Mon, 16 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256822