https://www.taxtmi.com/caselaws?id=173238 An arbitration clause covering disputes as to the "interpretation or application" of a contract extends to controversies about how the contract operates and gives effect to its terms, so the profit-sharing dispute fell within the clause. A stay of suit under section 34 of the Indian Arbitration Act, 1940 is discretionary, not automatic, and depends on the facts, including delay, complexity, strained relations and practical difficulties in arbitration. Where two courts have concurrently refused stay, appellate interference lies only if the discretion was exercised on wrong principles or in an unreasonable, capricious or perverse manner. The refusal to stay was therefore upheld. en-us Wed, 27 Apr 1960 00:00:00 +0530 Wed, 04 Oct 2017 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173238 An arbitration clause covering disputes as to the "interpretation or application" of a contract extends to controversies about how the contract operates and gives effect to its terms, so the profit-sharing dispute fell within the clause. A stay of suit under section 34 of the Indian Arbitration Act, 1940 is discretionary, not automatic, and depends on the facts, including delay, complexity, strained relations and practical difficulties in arbitration. Where two courts have concurrently refused stay, appellate interference lies only if the discretion was exercised on wrong principles or in an unreasonable, capricious or perverse manner. The refusal to stay was therefore upheld. Case-Laws Indian Laws Wed, 27 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173238