Ascot Estates Pvt. Ltd. vs Bon Vivant Life Style Pvt. Ltd. on 10 December, 2015

1. The above captioned OMP (I) (Comm.) 16/2015 is an application
filed under Section 9 of the Arbitration and Conciliation Act, 1996 by the
petitioner concerning a hire agreement dated January 20, 2012, having an
arbitration clause. Pleading that on account of non-payment of hire charges
by the respondent the agreement in question has been determined, prayer
made is to appoint a receiver to take possession of the assets which were
hired. The subject matter of the dispute is concededly a Commercial dispute
of the specified value as per the Commercial Courts, Commercial Division
and Commercial Appellate Division of High Courts Ordinance, 2015.
2. Being filed on November 20, 2015, after the Commercial Courts,
Commercial Division and Commercial Appellate Division of High Courts

OMP (Comm.) No.16/2015 Page 1 of 19
Ordinance, 2015 (hereinafter referred as ‘Ordinance’) was promulgated on
October 23, 2015, which provided for Constitution of Commercial Court,
Commercial Division and Commercial Appellate Division, concerning
Commercial disputes of the specified value, vesting exclusive jurisdiction
concerning said disputes in the Commercial Court, Commercial Division
and Commercial Appellate Division, the Registry has placed the OMP
before the Division Bench, and the reason for which is Section 10 of the
Ordinance, which reads as under:-

Source: Indian Kanoon

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