2009 (9) TMI 908

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....itioner has sought appointment 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 stole....

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....ration clause since as per this clause 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 bet....

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....rnments, statutory corporations and public sector 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 arbitr....