Parsvnath: UT says 3 arbitrators should respond to its petition

The High Court had asked the Administration to serve notices to the arbitrators through E-mails. The direction was passed after the Chandigarh Housing Board (CHB) had apprised the Court that notices had not been served to the arbitrators presiding over the case pertaining to the multi-crore rupee Prideasia mega project. The Court was today informed that the notices have finally been served but no response has been received by the arbitrators. The Administration also clarified that no relief has been sought against Parsvnath and that CHB has only objected to the “exorbitant fees” being charged by the arbitrators.

This submission was made in response to the reply filed by Parsvnath,which had blamed the CHB for delaying the proceedings before the Arbitration Tribunal and fully justified the fees charged by the arbitrators. The development took place during the resumed hearing of a petition filed by CHB,which had moved the High Court against the “exorbitant” fees charged by the arbitrators. Newsline was the first to report that Parsvnath had attributed malafide to CHB for “deliberately delaying” proceedings.