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2000 (10) TMI 874 - SC - Companies LawWhether when one party had, on demand by the other party, appointed an arbitrator - though beyond the period stipulated in the contract, - the Chief Justice (or his nominee), could, when approached by the other party, appoint another (sole) arbitrator? Held that:- In the light of the contentions and material, which in our opinion have a substantial bearing on the matter, and further inasmuch as this question is one arising almost constantly in a large number of cases in the various High Courts, it is desirable that this Court re-examines the matter. Therefore, direct the papers to be placed before the Hon’ble Chief Justice of India for passing appropriate orders.
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