Unilateral Option to Terminate Arbitration Agreement Not Illegal: Bombay High Court
In a significant judgment passed on April 22, 2025, the Bombay High Court under its Ordinary Original Civil Jurisdiction ruled on Commercial Arbitration Application No. 237 of 2024 and No. 243 of 2024. The applications were filed under Section 11 of the Arbitration and Conciliation Act, 1996, by Tata Capital Limited seeking the appointment of an arbitrator in a long-standing dispute with Vijay Devij Aiya and another respondent regarding default…
