MADAN MOHAN GUPTA Vs. VISHNU CHAND GUPTA

JUDGEMENT

(1.) THIS application u/s 11 of the Arbitration and Conciliation Act, 1996 has been filed with the prayer for appointment of the Sole Arbitrator to resolve the claims and disputes, arising out of the partnership dated 1.4.1996, in respect of accounts, business, assets and property of the partnership for which notice dated 22.11.2006 was served on the non-applicants asking for rendition of account etc. and the same was replied to. The Applicants proposed the name of Shri Sohan Lal Gupta as the Sole Arbitrator and vide letter dated 27.4.2009 informed the non-applicants, which was not agreed to by the other side and the name of Shri Satish Chand Mittal, Advocate was suggested by the non applicants on 30.4.2009, which was not accepted by the Applicants. Therefore, in the facts and circumstances of the case, the present arbitration application has been filed for appointment of the Sole Arbitrator.

(2.) THE non applicants filed reply to the arbitration application in which some preliminary objections have been raised.

(3.) I have gone through record of the arbitration application and further considered the aforesaid submissions of counsel for the parties.