Bombay High Court Allows Appointment of Arbitrator in Share Acquisition Dispute — Arbitration Clause Invoked for Non-Payment of Balance Consideration. The court held that the existence of an arbitration agreement and a dispute regarding payment of Rs.1.5 Crores under the share acquisition agreements dated 14th October 2009 entitled the applicants to appointment of an arbitrator under Section 11 of the Arbitration & Conciliation Act, 1996....
The applicants, Bharat Kantilal Bussa and Rita Bharat Bussa, filed an application under Section 11 of the Arbitration & Conciliation Act, 1996, seeking appointment of an arbitrator to resolve a disput...
