UCON PT Structural Secures Arbitrator for Share Dispute

Petition under Section 11(6) of the Arbitration Act seeks a sole arbitrator per Clause 18.2 of the 2012 Sale of Shares Agreement.
Supreme Court appointed former Punjab‑Haryana High Court Judge K. Kannan as sole arbitrator, seat Chennai, limited to Sale of Shares Agreement disputes.
Court ruled arbitration will not affect the pending Delhi High Court IP injunction (C.S. (Comm) No. 661/2024); petitioner to bear arbitrator fees.
Earlier Madras High Court dismissed Section 9 applications; parties now proceed with arbitration while other civil suits continue separately.