JAI MATA DI ENTERPRISE Vs. BANK OF INDIA

JUDGEMENT

(1.) Heard learned counsel for the parties.

(2.) Applicant has invoked the provisions of Section 11(6) of the Arbitration and Conciliation Act, 1996 for appointment of an independent Arbitrator in terms of Clause 8 of the Article of Agreement entered into with the Respondent Bank, Annexure-2 dated 12.3.2015. Under the agreement applicant was required to execute construction of RSETI building at Chas, Bokaro. Clause 8 of the agreement reads as under:-

(3.) It is not in dispute between the parties that the relevant provisions are contained in clause 24 and 25 of the General Conditions of Contract, which are part of Article of Agreement. Clause 24 and 25 are also quoted hereunder:-