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    <title>2021 (6) TMI 1046 - MADHYA PRADESH HIGH COURT</title>
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    <description>MP HC held that petitioners must first exhaust contractual remedy under Clause 71 before approaching court. The clause mandates disputes in contracts valued over Rs. 10 crore be referred to Dispute Resolution Board prior to arbitration under Clause 70. Court rejected petitioners&#039; argument that Board constitution required their consent. Respondents directed to constitute Board within one month, with Board to render decision within three months after hearing both parties. Petition disposed of as alternative efficacious remedy available.</description>
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      <link>https://www.taxtmi.com/caselaws?id=409150</link>
      <description>MP HC held that petitioners must first exhaust contractual remedy under Clause 71 before approaching court. The clause mandates disputes in contracts valued over Rs. 10 crore be referred to Dispute Resolution Board prior to arbitration under Clause 70. Court rejected petitioners&#039; argument that Board constitution required their consent. Respondents directed to constitute Board within one month, with Board to render decision within three months after hearing both parties. Petition disposed of as alternative efficacious remedy available.</description>
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