Bombay High Court Dismisses Application for Appointment of Arbitrator in MOU Dispute — Clause Providing for 'Alternative' Arbitration by Mutual Consent Not a Binding Arbitration Agreement. The Court held that Clause 10 of the MOU did not contain a binding arbitration agreement as it made arbitration contingent on future mutual consent and was not mandatory, thereby rejecting the application under Section 11 of the Arbitration and Conciliation Act, 1996....
The Applicant filed an application under Section 11 of the Arbitration and Conciliation Act, 1996 seeking appointment of a sole arbitrator to resolve disputes arising out of a Memorandum of Understand...
