The bench headed by Justice Neena Bansal Krishna was hearing the present matter.
The bench in the case observed and has held that because the parties have not been able to arrive at the name of an arbitrator, the petition filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 was not premature and was maintainable under the law.
FACTS OF THE CASE:
The petitioner was engaged in the business of providing seamless security solutions, was approached by the Respondent to deploy security personnel at various dealership sites.
The Services Agreement was entered between the parties, for a term of one year from August 16, 2020 to August 15, 2021, which was subsequently extended from August 16, 2021.
The Respondent terminated the security services of the Petitioner on December 02, 2022 and provided a month's notice with termination effective and assured settlement of payments by that date. Thus, the Petitioner acknowledged this termination.
This story is from the June 04, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 04, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
India's Data Being Exploited By Global Giants, Says Ola's Bhavish Aggarwal
In “techno-colonialism” data is exported to global centers, processed, and then repurposed and sold back to India.
China Grapples With Economic Headwinds Due To Aging Population
China’s shrinking population poses significant challenges for its economy, including a reduced labor force and pressure on fiscal policy.
DELHI RECORDS YEAR'S LOWEST AQI
The AQI was recorded in the satisfactory” category with a reading of 56 at 6 pm
Air India welcomes first narrow body aircraft in Delhi
Tata Group-owned Air India welcomed its first narrow-body aircraft in new livery.
73% Indians read ingredient lists and nutritional value of snacks, says Report
As many as 73 per cent Indians prefer to read ingredient lists and nutritional value before purchasing any snack, reveals a new survey, highlighting the majority of Indians’ growing inclination towards healthy snacking.
Govt to construct 4.5 km long drain between Najafgarh, Mundka Haat
The Delhi government will construct a 4.5 km long drain between Najafgarh Supplementary Drain and Mundka Haat Railway Station to solve the waterlogging problem in Kirari, an official statement said.
HC to hear Kejriwal's Tihar plea today
The trial court noted that counsel for the applicant, Kejriwal, also submitted during arguments that, after filing this application, the applicant has been arrested in one more case by CBI.
COURT IN MERCEDES HIT-AND-RUN CASE TAUGHT A LESSON TO THE RICH BOY: THE FATHER WHO GAVE MERCEDES TO A MINOR WAS FINED SO HEAVILY BY THE COURT THAT HIS GENERATIONS WILL REMEMBER IT
The MACT court judge Dr. Pankaj Sharma made it clear in the Civil Lines Mercedes hit and run case of Delhi that the father cannot escape his responsibility just by saying that he was unaware of the act of his son.
NYKAA EXPECTS REVENUE TO RISE 22-23% IN APR-JUN QUARTER
The company, however, flagged the soft demand environment in the Indian fashion industry
7 PROPOSALS ON TABLE FOR SEBI EXPERT GROUP TO TAME F&O FRENZY
Proposals included rationalisation or limiting weekly options, rationalisation of strike prices of the underlying assets and removal of calendar spread
