2014 (7) TMI 1396

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....DER The petitioner has filed this civil miscellaneous petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, (for short 'the Act') for appointment of an Arbitrator to resolve the dispute which has arisen out of the share purchase agreement at Annexure-A dated 22.12.2004. 2. The contention of the petitioner is that he had entered into a share purchase agreement at Annexur....

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....spondent was not coming forward to perform his obligation under the agreement at Annexure-A. Therefore, the petitioner issued a notice as per Annexure-B dated 17.10.2007 calling upon the respondent to appoint a sole arbitrator for the resolution of the dispute. The respondent sent his reply at Annexure-C dated 29.10.2007 stating that the petitioner has assigned his right under the share purchase a....

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....ement contains an arbitration clause for the resolution of the dispute. The contention of the respondent is that the petitioner has already assigned his right under the share purchase agreement at Annexure-A in favour of O. Arumugasamy. This question requires to be adjudicated by the arbitrator. In the circumstances, it is just and proper to appoint an Arbitrator to resolve the dispute. 8. In t....