LAWS(ALL)-2017-2-330

KANPUR CITY TRANSPORT SERVICES LTD THRU REG MANAGER & ANR Vs. GOLDRUSH SALES &SERVICES LTD THRU M D & AUTH SIGNATORY&ANR

Decided On February 21, 2017
Kanpur City Transport Services Ltd Thru Reg Manager And Anr Appellant
V/S
Goldrush Sales AndServices Ltd Thru M D And Auth SignatoryAndAnr Respondents

JUDGEMENT

(1.) Heard Shri Ratnesh Chandra, learned counsel for the petitioners and Shri Aakash Prasad, learned counsel for the respondent.

(2.) On 26.04.2010, an agreement entered between the Uttar Pradesh State Road Transport Corporation, Lucknow and M/S Goldrush Sales and Services Ltd., Lucknow. Clause 45 of the agreement provides for arbitration, which reads as under :-

(3.) As some dispute and different arisen between the parties arising out of the agreement, so the arbitration clause has been revoked as per Clause 25 of the agreement.