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`Courts cannot interfere in arbitration proceedings'
By Our Legal Correspondent
NEW DELHI,
MARCH 20.
The Supreme Court has held that courts cannot interfere in the proceedings before an arbitration tribunal set up to adjudicate disputes between the parties concerned.
A Bench of Justice Ruma Pal and Justice P. Venkatarama Reddi held that an arbitral tribunal set up under the Arbitration and Conciliation Act, 1996 had been given a very wide and deep area of operation and the powers of the courts to go into such disputes had been statutorily curtailed.
The Bench set aside an interim order passed by the Bombay High Court staying arbitration proceedings initiated by Secur Industries Ltd. against Godrej and Boyce Manufacturing Co.
A dispute that arose between the two companies was ultimately referred by Secur to the Uttar Pradesh Industry Facilitation Council, a statutory body for arbitration under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act.
Godrej moved the High Court and obtained a stay against the proceedings before the Council.
Against this High Court order, Secur filed an appeal in the Supreme Court.
Setting aside the High Court order, the Bench held that the High Court had erred in staying the proceedings before the Council when it had no jurisdiction to do so.
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