XING PENG MARITIME INCORPRATION . vs R. PIYARELAL INTERNATIONAL LTD. . — SLP(C) No. 13484/2001

Case Summary: SLP(C) No. 13484/2001 - Xing Peng Maritime Corporation v. R. Piyarelal International Ltd. On 24/08/2001, the Supreme Court disposed of the Special Leave Petition by accepting a settlement agreed between the parties. The Court substituted the impugned High Court order with fresh terms directing both parties to nominate arbitrators afresh within four weeks, with the option to mutually agree on a change of arbitration venue; if no agreement is reached, the original venue shall remain. The two nominated arbitrators are to appoint a third arbitrator, and parties may utilize previously filed pleadings in the arbitration proceedings. This case analysis is maintained by casestatus.in based on publicly available court records.