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Emerald Realtors Pvt. Ltd vs Unity Small Finance Bank Ltd on 20 March, 2024

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2) These two Petitions raise two broad issues :

i) Can arbitration proceedings initiated at the instance of a Multi-State Cooperative Society under Section 84 of the Multi State Co-operative Societies Act, 2002 be continued and concluded after amalgamation of such Society into an entity, which is not a Multi-State Cooperative Society ? and

ii) Whether mandate of Arbitral Tribunal comes to an end at expiry of period specified in Section 29A of the Arbitration and Conciliation Act 1996 ?

Connected with the above two issues, is the issue of entertainment of a Writ Petition by this Court, in exercise of jurisdiction under Article 226 and/or 227 of Constitution of India, to interdict pending arbitration proceedings.


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