High Court Cannot Appoint Arbitrator in International Commercial Disputes: Madhya Pradesh High Court
The Madhya Pradesh High Court delivered a significant judgment clarifying the law on appointment of arbitrators in International Commercial Arbitration. The Court held that a High Court does not have the power to appoint an arbitrator when one of the parties is a foreign entity. Such power lies exclusively with the Chief Justice of India or his designate under the Arbitration and Conciliation Act 1996. Background of dispute between parties…