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Appointment of Arbitrator under Incomplete MOU

This Connect provides a brief overview of the Calcutta High Court judgement in Greenbilt Industries case wherein it adjudicated on the appointment of an arbitrator for settling a dispute two corporate entities. The issue before the court was whether it must appoint an arbitrator based on a clause contained in a draft Memorandum of Understanding (MOU). The HC rejected the petition on the basis that the cause of action did not arise within the jurisdiction of the court based on the draft MOU.