Section 11 Petition Requires Only Existence of Arbitration Clause, 'No More, No Less': Jharkhand High Court

Ranchi, 17th May 2024: In a significant decision, the High Court of Jharkhand at Ranchi has appointed a sole arbitrator to resolve the dispute between M/s Smart Chip Private Limited and Jharkhand State Cooperative Bank Limited under Section 11(6) of the Arbitration and Conciliation Act, 1996. Case Background M/s Smart Chip Private Limited, a company incorporated under the Companies Act, 1956, had engaged in a contractual agreement with Jharkhand State…