Insists on right to initiate arbitration proceedings without mutual consent despite arbitration as alternative settlement method: Delhi High Court
New Delhi, January 22, 2024: In a recent judgment, the Delhi High Court, presided over by Hon’ble Mr. Justice Prateek Jalan, has resolved Arbitration Petition No. 1245/2023 under Section 11 of the Arbitration and Conciliation Act, 1996. The case involved a dispute between Mr. Praveen Kumar Kapoor, the petitioner, and Mr. Raj Kumar Jain and another, the respondents. Background of the Case: The dispute arose from a Memorandum of Understanding…
