Setting off claims in arbitration matters

ADVOCATE AND CORPORAE ADVISOR

dear learned colleagues.

I seek  learned colleagues indulgence  for their considered opnion on the following legal situation

 

      1. DISPUTE AROSE BETWEEN TWO PARTIES  in two different tsransactions under two separate agreements  AND REFERENCEs  MADE TO  two ARBITRATORs separately. 

      

      3. TWO DIFFERENT ARBITRATION PROCEEDINGS ARE IN PROCESS.

      4. IN FIRST CASE CLAIMANT MADE A CLAIM STAT MENT....RESPONDENT WHILE GIVING STATEMENT OF DEFENCE  MADE A SET OFF an  ADMITTED DUE AMOUNT AGAINST THE ALLEGED AMOUNT DUE IN THE SECOND AGREEMENT.

   5  . IN ONE LEADING CASE UNION OF INDIA VS  KARAM CHAND THAPPER  HON. APEX COURT 

         GAVE DECISION THAT SET OFF IS NOT PERMISSIBLE IN SUCH A SITUATION and gave excellent reasoning basing on equity principles and touche dupon few provisions of CPC ..

       CAN ANY LD COLLEAGUE THROW SOME LIGHT ON THE ABOVE situation WITH PRECEDENT LAW IF AVAILABLE.

 

i made above  QUERY ISPURELYO ON ACADEMIC GROUND as also for objective analysis in the matter and does not pertain to any practical transaction.,

 

                              DR VEDULA GOPINATH    vgnath@gmail.com

 

 

 

 

    

 

 
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