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M/s. Wexford Financial Inc. Panama Vs. Bharat Heavy Electricals Ltd. [13/07/16]

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In this petition under Section 11(5) read with Section 11(12) of the Arbitration and Conciliation Act, 1996, the petitioner prays for the appointment of a sole arbitrator for adjudication of disputes that have arisen between the parties in relation to a "Service Provider Agreement" executed between them. The facts in brief are as under: The petitioner-company is registered under the Laws of Panama with its Registered Office at Microjacket-359003, Roll 64778, Frame 53, Panama and a representative office at C-204, LGF, Greater Kailash-I, New Delhi - 110048. The company, it appears, is engaged in providing liaison services to companies in public as well as in private sector within and outside the country including procurement of contracts from Government agencies for its clients and providing facilitation of pre and post contractual obligations and activities agreed upon by the parties. The company claims a small percentage of the value of the contract towards its fee for the Agency services rendered to its clients.

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