MAHANAGAR TELEPHONE NIGAM LTD. Vs. CANARA BANK

JUDGEMENT

(1.) The present Miscellaneous Application has been filed by the Appellant - MTNL in Civil Appeal No. 6202-05 of 2019 which was disposed of vide Judgment and Order dated 08.08.2019 passed by this Court directing that CANFINA - a wholly owned subsidiary of Respondent No. 1 - Canara Bank be impleaded in the arbitral proceedings pending between the parties.

(2.) The Appellants have now filed the present application for reference of the disputes between the parties to the Administrative Mechanism for Resolution of CPSEs Disputes (AMRCD) in substitution of the arbitral tribunal.

(3.) The Government of India has now set up the AMRCD, which has replaced the Permanent Machinery of Arbitration (PMA). The objective of the AMRCD is to bring about a time bound settlement of commercial disputes between Central Public Sector Enterprises (CPSEs) interse and CPSE and Government Departments/Organizations.