By S A Ishaqui
Hyderabad, July 7: Justice G.V. Seethapathy of the AP High Court on Wednesday stayed further proceedings of arbitration by the arbitrator of Maytas Properties Ltd in a case pertaining to Mr Gunturu Parthasarathy.
The judge was dealing with a petition filed by Mr Parthasarathy seeking a direction to appoint an arbitrator under Section 11(6) of the Arbitration and Conciliation Act.
Mr Prabhakar Sripada, the petitioner’s counsel, brought to the notice of the court that Maytas Properties Ltd appointed an arbitrator without definite terms of reference, and the company wanted to avoid its contractual obligation by seeking shelter under the arbitration clause.
He contended that the company has so far not indicated as to what exactly was its dispute with the applicants; he added that without indicating its exact nature of the dispute with the applicants, it cannot refer the matter for arbitration.
He told the court that his client had purchased a flat from Maytas Hill County and the company has received the entire sale consideration. Therefore it could not have any further claim on his client.
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