TMI Blog2009 (9) TMI 908X X X X Extracts X X X X X X X X Extracts X X X X ..... utes between the parties. 2. Brief facts are that the petitioner was rendering security services to the respondent and was providing security guards. One of the conditions of the agreement for providing security guards was that in case of any theft taking place in the respondent company, the value of the stolen goods shall be recovered from the petitioner. A theft took place in respondent s pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as Arbitrator. The petitioner called upon respondent to concur in the appointment of an independent Arbitrator viz. some retired Government Official or retired Sr. Defence Official within 15 days. The arbitration clause as agreed between the parties reads as under: 13. That the dispute, if any, arising between the parties shall be referred to arbitration and the decision of the Arbitrator s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, to provide for settlement of disputes by arbitration, and further provide that the Arbitrator would be one of its senior officers. If the party, with open eyes and full knowledge and comprehension of the said provision enters into a contract with a government/statutory corporation/PSU containing an arbitration agreement providing that one of its Secretaries/Directors shall be the Arbitrator, th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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