Court Stresses Avoidance of Multiple Arbitrations for the Same Contract: Delhi High Court

Arbitration Petition Filed by Sterlite Technologies Ltd. for Delay-Induced Additional Costs In a recent development, Sterlite Technologies Ltd. has filed an Arbitration Petition under Section 11(6) of the Arbitration & Conciliation Act, 1996 against Bharat Sanchar Nigam Limited in the Delhi High Court. The petition seeks the appointment of a sole arbitrator to address disputes arising from a Purchase Order dated 15th October, 2018. Background of the Case: 1. Sterlite…