2023 (11) TMI 1245 - SCH - Indian Laws

Retention of certain goods as security - claiming release of goods - it was held by High Court that Application is accordingly allowed and disposed of by appointing Mr. S. Muralidhar, former Chief Justice of the Orissa High Court to act as the Arbitrator subject to the learned Arbitrator communicating his consent in the prescribed format to the Registrar, Original Side of this Court within three weeks from date. HELD THAT - No case for interference under Article 136 of the Constitution of India is made out - However, it will be always open for the petitioner to raise all permissible objections/contentions before the Arbitral Tribunal in accordance with law. The Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petition, stating no interference under Article 136 of the Constitution is warranted. The petitioner can raise objections before the Arbitral Tribunal. The impugned order will not impact proceedings under the Insolvency and Bankruptcy Code, 2016. Any pending application is disposed of.