2015 (2) TMI 822

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..... ntract dated 2nd May, 2011 reads as under: "Disputes: In case of any dispute arising out of this agreement between the parties, the same shall be referred to the arbitration under the by-laws of Indian Company's Act 1956 and all amendments of this Act up to date or shall be settled and decided by arbitration as per International Trade Laws and all amendments of this Act up to date." 3. Upon .....

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..... under the provisions of the Companies Act, no arbitrator can be appointed. 7. On account of the aforesaid vagueness in the arbitration clause incorporated in the sale contract dated 2nd May, 2011, there cannot be any arbitration and therefore, this petition made under the provision of Section 11(6) of the Arbitration and Conciliation Act, 1996 fails. 8. Needless to say that it would be open to .....

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