Supreme Court appoints Ranjan Gogoi as sole arbitrator in a case
The Mumbai centre for International Arbitration(MCIA) would be adjudicating two disputed. One case would have former Chief Justice of India Ranjan Gogoi as the sole arbitrator. This comes after the Supreme Court passed orders in two separate matters.
As per the orders passed by a bench of justices Indu Malhotra and Ajay Rastogi, the disputed between Gras Industries Ltd. against Visa Resources PTE Ltd. and also the one between MCM Service private limited as against Ithalia Thai development public company limited, that would be adjudicated by the MCIA.
The proceedings will be conducted by the Mumbai centre to international arbitration with the seat of the arbitration at New Delhi. The fees of the arbitrator shall be born equally by the parties.
Former CJI Gogoi, would be dealing with the financial dispute between the parties which had initially knocked the doors of the Delhi high court. He would be sitting in the MCIA’s New Delhi bench.
Similarly, the matter which Jagtiani would adjudicate also pertains to a financial dispute which was first dealt with by the Gujarat high court. He would decide the matter at MCIA’s Mumbai seat.