Free Judgments

Shri Dhruv Varma vs Abn Amro Bank Nv & Ors. on 28 January, 2016

1. These three petitions are filed under Section 34 of the

Arbitration and Conciliation Act, 1996 (hereinafter referred to as ‘the Act’)

impugning the Award of the Arbitrator dated 28.5.2007. The operative part

of the Award reads as under:-
2. At the outset, counsel appearing for the petitioner in OMP

No.496/2007 states that Sh. Rattan Lal Varma who was the karta of the HUF

has expired yesterday ie on 6.1.2016, however, that would not have any

effect on OMP No.496/2007 which is filed by an HUF concern and which is

a separate legal entity as per Order XXX of the Code of Civil Procedure,

1908 (CPC) than the individual coparceners who constitute the HUF. For the

record, it is also noted that the name of the respondent M/s ABN Amro Bank

NV has already been changed to Royal Bank of Scotland and which factual

aspect is taken on record. Respondents will accordingly file the amended

memo of parties within four weeks.

Source: Indian Kanoon