# In the matter of Shakti Pump India Ltd. vs. Apex Buildsys Ltd.

> HC judgment dated 2025-03-19. Citation: TCN-2025-HC-00073. The Petitioners have approached the Court under Section 14(1)(a) read with Section 14(2) & 15(2) of…

- **Court:** HC
- **Order date:** 19 Mar 2025
- **Citation:** TCN-2025-HC-00073
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/bombay-high-court-panaji/shakti-pump-india-ltd-vs-apex-buildsys-ltd-54b39722

## Summary

### Background

The Petitioners have approached the Court under Section 14(1)(a) read with Section 14(2) & 15(2) of the Arbitration & Conciliation Act, 1996 seeking termination of the mandate of the learned Sole Arbitrator and for appointment of a substitute Arbitrator.

## Facts

Shakti Pump India Ltd. and Vadera Interiors and Exteriors filed petitions seeking termination of the mandate of the Sole Arbitrator and appointment of a substitute Arbitrator.

The Petitioner, Shakti Pump India Ltd., is engaged in the manufacturing of energy efficient pumps and motors.

Apex Buildsys Ltd. is primarily engaged in the business of construction, real estate development, manufacture and supply of pre-engineering steel buildings etc.

The Petitioner and Respondent entered into a Works Contract for Construction of PEB Project vide Letter of Intent dated 24.08.2011.

The Respondent, vide legal notice dated 07.06.2017, invoked arbitration and unilaterally appointed Mr. Achin Goel, Advocate, as the Sole Arbitrator.

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## Issues and analysis

### Issue 1: Whether the unilateral appointment of an arbitrator is permissible under Section 12(5) read with …

**Ratio:** The Hon'ble Supreme Court has held that independence and impartiality of the arbitrator

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**Reasoning:** The Court relied on the judgments of the Supreme Court in Voestalpine Schienen GmbH v.

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**Interpretation:** The Court interpreted Section 12(5) and the Seventh Schedule of the Arbitration

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**Application:** The Court applied the principle to the facts of the case and held that the

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## Parties

- **Judges:** Subramonium…
- **Appellants:** Shakti Pump India…; Vadera Interiors…
- **Respondents:** Apex Builds…
- **Other parties:** Kalabu…
- **Advocates:** Vasanth Rajasekara…; Harshvardhan…; +9 more

## Timeline

- **2011-08-24 — Letter of…**: Petitioner and Respondent entered into a Works Contract for Construction of PEB Project…
- **2017-06-07 — Legal No…**: Respondent issued a legal notice dated 07.06.2017, invoked arbitration and unilaterally…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14(1) — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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