Court Rules No Arbitration Agreement Exists Due to Lack of Mutual Consent and Signature by Both Parties.

Court Rules No Arbitration Agreement Exists Due to Lack of Mutual Consent and Signature by Both Parties. https://www.taxtmi.com/highlights?id=65804 Existence of arbitration agreement between the parties - This Court is of the opinion that merely because the proposal forwarded on behalf of the respondents, by letter dated 26/06/2012, contained an arbitration clause, which was unilaterally signed only on behalf of the respondents and there was reference thereto in the letter of intent dated 12/07/2012 and the purchase order dated 16/07/2012, it cannot be said that an arbitration agreement came into existence between the parties. - HC en-us Mon, 26 Sep 2022 09:16:44 +0530 Mon, 26 Sep 2022 09:16:44 +0530 TaxTMI RSS Generator Court Rules No Arbitration Agreement Exists Due to Lack of Mutual Consent and Signature by Both Parties. https://www.taxtmi.com/highlights?id=65804 Existence of arbitration agreement between the parties - This Court is of the opinion that merely because the proposal forwarded on behalf of the respondents, by letter dated 26/06/2012, contained an arbitration clause, which was unilaterally signed only on behalf of the respondents and there was reference thereto in the letter of intent dated 12/07/2012 and the purchase order dated 16/07/2012, it cannot be said that an arbitration agreement came into existence between the parties. - HC Highlights Indian Laws Mon, 26 Sep 2022 09:16:44 +0530 https://www.taxtmi.com/highlights?id=65804