MS OSAW INDUSTRIAL PRODUCTS PVT LTD v. THE NEW INDIA ASSURANCE COMPANY LIMITED
ARB/562/2025 · 2025-09-29
Jagmohan Bansal
body2025
DailyLaw.ai
[ 2025 DAILYLAW 119910 (PNJ) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 119910 (PNJ) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
ARB-562-2025
-1-
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
103
ARB-562-2025
Date of Decision: 29.09.2025 M/s OSAW Industrial Products Pvt. Ltd.
…Applicant
Versus
The New India Assurance Company Limited
…Respondent
CORAM: HON'BLE MR. JUSTICE JAGMOHAN BANSAL Present: - Ms. Ruchi Sekhri, Advocate for the applicant
Mr. Ashwani Talwar, Advocate for the respondent *** JAGMOHAN BANSAL, J. (Oral)
1.
Through instant application under Section 11 of the Arbitration and Conciliation Act, 1996 (for short ‘1996 Act’), the applicant is seeking appointment of an Arbitrator.
2.
The applicant was issued an insurance policy dated 02.05.2023 by the respondent. A dispute erupted between the parties. The applicant served notice upon the respondent seeking resolution of dispute through Arbitral Tribunal but to no avail.
3.
Learned counsel for the parties are ad idem that Arbitral Tribunal comprising single member may be constituted instead of three members as contemplated in arbitration clause of the policy.
4.
In the wake of statement of both sides, Arbitral Tribunal comprising of single member is hereby constituted.
MOHIT KUMAR 2025.09.30 09:01 I attest to the accuracy and authenticity of this
order/judgment.
ARB-562-2025
-2-
5.
Mr. Justice Tejinder Singh Dhindsa, Former Judge of this Court, residing at House No.123, Sector 8, Chandigarh M:- 7837049208, 9815308888 is hereby appointed as a Sole Arbitrator to adjudicate the dispute between the parties, subject to compliance of statutory requirements. The learned Arbitrator is requested to comply with mandate of Section 12 of 1996 Act before proceeding further.
6.
The parties at the first instance will appear before the Arbitrator on 15.10.2025 at 10:00 AM and thereafter, as directed by learned Arbitrator.
7.
The Arbitrator shall be paid fee in accordance with the Fourth Schedule of the 1996 Act, as amended.
8.
The Arbitrator is requested to complete the proceedings as per time limit specified under Section 29-A of the 1996 Act.
9.
Needless to mention, parties would be at liberty to raise all the claims/defences/counter claims/pleas before the Arbitrator. Any observation made hereinabove will not be binding on the learned Arbitrator.
10.
A request letter along with copy of this order be sent to Mr. Justice Tejinder Singh Dhindsa.
(JAGMOHAN BANSAL)
JUDGE 29.09.2025 Mohit Kumar
Whether speaking/reasoned Yes/No Whether reportable Yes/No
MOHIT KUMAR 2025.09.30 09:01 I attest to the accuracy and authenticity of this
order/judgment.