Case Law Details
Case Name : Sandeep Mahajan Vs Mahindra And Mahindra Financial Services (Delhi High Court)
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All High Courts Delhi High Court
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Sandeep Mahajan Vs Mahindra And Mahindra Financial Services (Delhi High Court)
Delhi High Court held that any award passed by an arbitrator unilaterally appointed by an interested party is vitiated. Accordingly, ex-parte arbitral award passed is liable to be set aside.
Facts- The petitioner was appointed as a director in Sandeep Axles Pvt. Ltd. on 20.09.1989, and later in SPM Auto Pvt. Ltd. on 10.08.2004. On 23.04.2015, a loan facility of Rs. 3,60,00,000/- was sanctioned to SPM Auto Pvt. Ltd. by the respondent. Pursuant to the sanction, a Loan Agreement dated 24.04.2015 was executed between SP...
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