Supreme Court sets aside arbitral tribunal appointment for lack of consent
The case involves Arth Micro Finance Private Ltd. and others (appellants) challenging the appointment of an arbitral tribunal by Shivalik Small Finance Bank Ltd. (respondent), alleging lack of consent and bias.
Appellants: Arth Micro Finance Private Ltd. and Ors.; Respondent: Shivalik Small Finance Bank Ltd.; Bench: Justices J. B. Pardiwala and K. Vinod Chandran
- Set aside the impugned High Court order finding the arbitration initiation non est in law
- Set aside interim orders (Annexures P5, P6, P7) by the Arbitral Tribunal
- Direct remittance of amounts from respondent's account to appellants' accounts within one week with interest
- Restore movable and immovable properties of appellants to their possession
- Appoint Ms. Mayuri Raghuwanshi as Arbitrator for further proceedings
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Document details
| Official title | 'Arbitration Cannot Be Arbitrary' : Supreme Court Sets Aside Arbitral Tribunal Appointment For Lack Of Consent |
| Source body | Supreme Court of India — orders & judgments |
| Reference number | — |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |