2009 (9) TMI 908

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....of Sole Independent Arbitrator for adjudication of disputes between the parties. 2. Brief facts are that the petitioner was rendering security services to the respondent and was providing security guards. One of the conditions of the agreement for providing security guards was that in case of any theft taking place in the respondent company, the value of the stolen goods shall be recovered from t....

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....lause only Director of the company would be appointed as Arbitrator. The petitioner called upon respondent to concur in the appointment of an independent Arbitrator viz. some retired Government Official or retired Sr. Defence Official within 15 days. The arbitration clause as agreed between the parties reads as under: 13. That the dispute, if any, arising between the parties shall be referred to....

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....or undertakings while entering into contracts, to provide for settlement of disputes by arbitration, and further provide that the Arbitrator would be one of its senior officers. If the party, with open eyes and full knowledge and comprehension of the said provision enters into a contract with a government/statutory corporation/PSU containing an arbitration agreement providing that one of its Secre....