1. For the reasons stated in the application, the delay in re-filing the
present petition is condoned.
2. The application stands disposed of.
O.M.P. (COMM) 22/2016
3. Shri Sudhir Gopi, Chairman and Managing Director of Universal
Empire Institute of Technology (UEIT) has filed the present petition under
Section 34 of the Arbitration and Conciliation Act, 1996 (hereafter „the
O.M.P. (COMM) 22/2016 Page 1 of 21
Act‟) for setting aside the arbitral award dated 20.07.2015 (hereafter „the
impugned award‟) delivered by the sole arbitrator.
4. By the impugned award, a sum of USD 664,070 along with pre
award and future interest at the rate of 12% per annum has been awarded in
favour of respondent no.1 (hereafter „IGNOU‟) and against Shri Sudhir
Gopi (the petitioner) and UEIT (respondent No.2), jointly and severally.
Source: Indian Kanoon