Karnataka HC dismisses Writ Petition filed with delay seeking Termination of Arbitration Proceedings with Costs of 25,000/- [Read Order]

Karnataka HC dismisses writ petition filed with delay seeking termination of arbitral proceedings with costs of Rs 25,000/- payable to the ‘Karnataka State Legal Services Authority’
Karnataka HC - Writ Petition - Termination - Arbitration Proceedings - taxscan

The Karnataka High Court dismissed a writ petition filed with a delay seeking termination of arbitral proceedings with costs of Rs 25,000/-. The petitioner filed three memos before the Arbitral Tribunal stating that the Tribunal has no mandate in view of Section 29A(4) of the Arbitration and Conciliation Act, 1996, hence prayed to terminate the…

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