Ranin Kumar, Proprietor, Messrs Pharma Chemie v. State Pharmaceutical Corporation – sllr 2004 volume 1 page 276

In the case between Ranin Kumar, proprietor of Messrs Pharma Chemie, and the State Pharmaceutical Corporation of Sri Lanka, the court addressed the existence and enforceability of an arbitration agreement and the jurisdiction of the arbitrator under the terms of a supply tender. It was held that participation in arbitration proceedings precludes a party from later contesting the arbitrator’s jurisdiction, and the arbitration award in favor of the State Pharmaceutical Corporation was enforceable against Ranin Kumar. The court reaffirmed the principle that acquiescence to arbitration binds parties to its outcome, relying on the terms of the tender, correspondence, and established legal precedents concerning arbitration jurisdiction and estoppel. The ruling underscored the importance of compl

REF: sllr 2004 volume 1 page 276 Category: Tag:
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