Compliance Of Section 21 Of Arbitration & Conciliation Act, 1996 Is Mandatory: Arbitration Proceedings Quashed by Allahabad High Court
In a recent development, the Allahabad High Court, in a writ petition bearing Case No. WRIT - C No. - 41115 of 2023, has quashed the arbitration proceedings initiated by Shivalik Small Finance Bank Ltd. against M/S Samyam Industries and four others. The Hon'ble Mrs. Manju Rani Chauhan, J., delivered the order on December 12, 2023, highlighting a crucial legal question related to the non-fulfillment of notice requirements under Section…
