Suspending Proceedings for Non-Payment of Revised Fees Amounts to Effective Withdrawal from Office by Arbitrator: Bombay High Court

The Bombay High Court has passed an important ruling under the Arbitration and Conciliation Act, 1996, holding that the arbitrator appointed in a commercial dispute between S.S. Trading Company Limited and S.N.C. Trading Company effectively ceased to function, leading to termination of mandate by operation of law. The Court has directed the appointment of a fresh sole arbitrator through the online dispute resolution institution Presolv360. Background Of The Dispute The…