https://www.taxtmi.com/caselaws?id=462284 Section 12(5) read with the Seventh Schedule imposes a mandatory bar on appointing an arbitrator who falls within the statutory ineligibility regime, and an appointment made despite that bar is invalid; the nominee arbitrator here was treated as ineligible because of the office held and its connection with the appointing party. The Court also exercised Section 29A(6) power to substitute the tribunal where the arbitration had remained pending for an unduly long period, with the parties consenting to replacement by a sole arbitrator. The proceedings were directed to continue from the existing stage and be completed within the stipulated time, subject to independence, impartiality, and the applicable fee structure. en-us Wed, 20 Jan 2021 00:00:00 +0530 Sat, 07 Jun 2025 22:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462284 Section 12(5) read with the Seventh Schedule imposes a mandatory bar on appointing an arbitrator who falls within the statutory ineligibility regime, and an appointment made despite that bar is invalid; the nominee arbitrator here was treated as ineligible because of the office held and its connection with the appointing party. The Court also exercised Section 29A(6) power to substitute the tribunal where the arbitration had remained pending for an unduly long period, with the parties consenting to replacement by a sole arbitrator. The proceedings were directed to continue from the existing stage and be completed within the stipulated time, subject to independence, impartiality, and the applicable fee structure. Case-Laws Indian Laws Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462284