Bombay High Court Dismisses Appeal Against Arbitral Award in Contractual Dispute — Constitution of Arbitral Tribunal Upheld Despite Appointment of Third Arbitrator by Appointing Authority. The court held that the appointment of a third arbitrator under Section 11(4) of the Arbitration and Conciliation Act, 1996, without party consultation, is valid when one party fails to appoint its arbitrator, and the award on merits, including interest at 18% per annum, is not against public policy....
The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, challenging a judgment of the District Judge, Pune, which dismissed the Appellant's petition under Section 3...
