Diamond Entertainment Technologies Pvt. Ltd. v. Religare Finvest Limited
On a petition under Section 11(6) of the Arbitration & Conciliation Act, 1996, N.B. Krishna, J. appointed a sole arbitrator and held that the SARFAESI Act, 2002 and the Arbitration Act operate in independent and complementary fields. Initiation of measures under Section 13 of the SARFAESI Act does not oust the arbitrability of contractual disputes flowing from the underlying loan agreement, and a prior arbitral award does not bar a subsequent reference where fresh disputes have arisen on a restructured facility.
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