After Glitch, Appointment of Arbitrators by ODR Platforms Questioned: Bombay High Court
In a significant ruling on online arbitration practices, the Bombay High Court quashed an arbitral award passed in favor of Yes Bank after finding that the arbitrator had been unilaterally appointed through an Online Dispute Resolution (ODR) platform, without adherence to the procedures outlined under the Arbitration and Conciliation Act, 1996. Justice Somasekhar Sundaresan, while allowing a Section 34 petition filed by Radiance Galore, ruled that the award was legally…
