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2010 (8) TMI 1100 - BOMBAY HIGH COURTArbitration Proceedings - mode of settlement of dispute - objection raised u/s 18 - invoked jurisdiction - HELD THAT:- In the circumstances, we hold that respondent no.1- Council is not entitled to proceed under the provisions of Section 18 (3) in view of independent arbitration agreement dated 23.09.2005 between the parties. The petitioners and respondent no.2 shall, however, participate in the conciliation, which shall be conducted by respondent no.1-Council under the provisions of Section 18 (1) and (2). Respondent no.1-Council shall complete the process of conciliation within a period of two weeks from the date the parties appear before it. The parties are directed to appear before respondent no.1-Council on 25.10 .2010.
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