Supreme Court Appoints Arbitrator in IZUZ Share Dispute

• Supreme Court appoints sole arbitrator for IZUZ Consultancy's Rs 3.33 crore NSE share purchase dispute with Rajendra Mishra.
• Dispute arose from failed transaction of 10,000 NSE shares due to alleged non-cooperation on regulatory permissions.
• Petitioner paid Rs 83.125 lakh advance which respondent allegedly forfeited, prompting arbitration under share purchase agreement.
• Arbitration seat set at Delhi with arbitrator authorized to determine own remuneration for resolving the commercial dispute.