REGENT COMPUTRONICS PVT. LTD.

Augmont Gold Pvt. Ltd. Appellant

V/S

One97 Communication Limited Respondents

Referred Judgements :-

CHARLES OSENTON AND CO. V. JHANATON [REFERRED TO]
ASCOT HOTELS AND RESORTS PVT LTD V. CONNAUGHT PLAZA RESTAURANTS PVT LTD [REFERRED TO]
PRINTERS MYSORE PRIVATE LIMITED VS. POTHAN JOSEPH [REFERRED TO]
WANDER LIMITED VS. ANTOX INDIA PRIVATE LIMITED [REFERRED TO]
UTTAM SINGH DUGAL AND COMPANY LIMITED VS. UNION BANK OF INDIA [REFERRED TO]
FIRM ASHOK TRADERS VS. GURUMUKH DAS SALUJA [REFERRED TO]
ARVIND CONSTRUCTIONS CO PVT LTD VS. KALINGA MINING CORPORATION [REFERRED TO]
RAMAN TECH AND PROCESS ENGG CO VS. SOLANKI TRADERS [REFERRED TO]
DELHI JAL BOARD VS. SURENDRA P MALIK [REFERRED TO]
BAKSHI SPEEDWAYS VS. HINDUSTAN PETROLEUM CORPORATION [REFERRED TO]
PREMRAJ MUNDRA VS. MD MANECK GAZI [REFERRED TO]
EMAAR MGF LAND LIMITED VS. KAKADE BRITISH REALITIES PRIVATE LIMITED [REFERRED TO]
AJAY SINGH VS. KAL AIRWAYS PRIVATE LIMITED [REFERRED TO]

JUDGEMENT

(1.) The appellant impugns order dtd. 24/1/2021, passed by the learned Arbitral Tribunal in Arb. P. 303/2019.

(2.) For the sake of convenience, the appellant and respondent are referred to as "Augmont" and "One97", respectively.

(3.) The dispute arises out of an agreement, dtd. 1/8/2018, between Augmont and One97. Vide Clause 2.1 of the agreement, One97 undertook, against consideration, to host a Gold Accumulation Plan (GAP) of Augmont, over the Paytm platform owned and managed by One97. The manner in which transactions were effected, under the agreement, is perhaps best represented by the following process charts, provided with the agreement, of which Chart 1 sets out the manner in which the customer could purchase digital gold, Chart 2 sets out the manner in which the customer could redeem the gold and Chart 3 sets out the manner in which the customer could sell back the gold to Augmont, which may be reproduced thus:

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AUGMONT GOLD PVT. LTD. Vs. ONE97 COMMUNICATION LIMITED

Referred Judgements :-

JUDGEMENT

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