New Delhi. The Supreme Courtroom on Thursday appointed two retired judges of the apex court docket as arbitrators to resolve the long-running property dispute between former IPL chief Lalit Modi and his mom and industrialist KK Modi’s spouse Bina Modi.
The highest court docket was listening to Lalit Modi’s attraction in opposition to a division bench of the Delhi Excessive Courtroom which held that the anti-arbitration keep petition filed by Bina Modi in opposition to her son was maintainable.
A bench of Chief Justice NV Ramana, Justice AS Bopanna and Justice Hima Kohli permitted the names of former apex court docket judges Justice Vikramjit Sen and Justice Kurian Joseph as arbitrators.
“Finally, both the parties have agreed to mediate under Justice Vikramjit Sen and Justice Kurian Joseph,” the bench mentioned. We advise that each the events make use of the services of the Arbitration Heart in Hyderabad. They will request for arbitration on-line.
“We direct the parties to maintain confidentiality, and request the arbitrators to take assurance that the proceedings should be expeditiously within a period of three months,” the bench mentioned.
Earlier, Bina Modi had filed the petition. The petition had sought a keep on the arbitration proceedings initiated in Singapore by Indian Premier League (IPL) founder Lalit Modi over the dispute.
The Supreme Courtroom had earlier prompt mediation to the events and requested them to call arbitrators of their alternative.
A division bench of the excessive court docket had in December final 12 months held that it had jurisdiction to determine on Bina Modi’s plea difficult Lalit Modi’s transfer to provoke arbitration proceedings in Singapore.
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