Cause of Action to Appoint an Arbitrator Would Commence from the “Breaking Point” at which any Reasonable Party would Abandon Efforts for Settlement: SC
In a major decision, the Supreme Court, dismissed an arbitration petition filed by a Switzerland-based company, stating that it was hopelessly barred in time as the petitioner by its conduct slept over its right for more than five years. The Division Bench of Chief Justice DY Chandrachud and Justice JB Pardiwala stated, “Bilateral Discussions for
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