The Supreme Court has issued notices to GVK Airports Holdings and others on a plea by Airport Company South Africa (ACSA), a minority partner in Mumbai International Airport Ltd (MIAL), seeking appointment of a fresh arbitral tribunal to decide the dispute over breach of the shareholder agreement (SHA) of April 2006. It also wants the apex court to set aside the appointment of the arbitrator by MIAL, which is led by majority partner GVK, and also quash the setting up of an arbitral tribunal.
ACSA has nominated Prof Lawrence Boo as its arbitrator. It wants the apex court to appoint the MIAL’s arbitrator for setting up a three-member tribunal to resolve dispute over alleged breach of contract in relation to the right of first refusal (RoFR) contained in the SHA.
