Arbitration Referral Declined in Insurance–Bank Lease Dispute over Post-Expiry Contract Claims: Calcutta High Court
The Calcutta High Court, sitting on its Original Side, has refused to refer a commercial dispute between The New India Assurance Company Limited and HDFC Bank Limited to arbitration, holding that once an earlier lease has expired, disputes relating to a fresh lease cannot be forced under the arbitration clause of the old agreement. Justice Aniruddha Roy passed the order while dismissing an application filed by the bank under Section…
