24-Aug-2026 22:07:16
KIRLOSKAR BROTHERS LIMITED : SUPREME COURT DIRECTS ARBITRAL TRIBUNAL CONSTITUTION
• Supreme Court disposes of petitions challenging Bombay High Court order referring disputes to arbitration. • The court appoints Justice Nitin Madhukar Jamdar and Justice K. R. Shriram as nominee arbitrators. • The presiding arbitrator is to be jointly appointed by the nominee arbitrators within four weeks. • The seat of arbitration will be Pune. • Contentions on arbitrability, including the scope of the DFS clause and respondents' arbitrability, are left open for the Arbitral Tribunal's decision. • High Court observations will have no binding effect on the Arbitral Tribunal. • Financial impact of proceedings cannot be presently ascertained. • Impact: Neutral (Procedural order establishing arbitration tribunal; no material financial impact disclosed.)
Kirloskar Brothers Limited
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