Legal1 Jun 2026, 04:24 pm
Royal Orchid Hotels: Court Appoints Arbitrator in Dispute
AI Summary
Royal Orchid Hotels Ltd. has received an order from the Hon'ble High Court of Rajasthan, Jaipur Bench, regarding Arbitration Application No. 16/2023. The application is related to disputes arising from a Memorandum of Understanding dated April 18, 2007, between Tambi & Others and Royal Orchid Hotels Limited & Others for its associate company Ksheer Sagar Developers Private Limited. The court has appointed Hon'ble Mr. Justice Ajay Rastogi (Former Judge, Supreme Court of India) as the Sole Arbitrator to adjudicate the disputes. The company is currently unable to quantify any financial impact from this order and will defend its position in the arbitral proceedings.
Key Highlights
- Royal Orchid Hotels faces arbitration related to a 2007 MoU.
- Rajasthan High Court appointed Justice Ajay Rastogi as Sole Arbitrator.
- The dispute involves Tambi & Others and Ksheer Sagar Developers Private Limited.
- Company is unable to quantify the financial impact at this stage.
- Royal Orchid Hotels will defend its position in the arbitration.
Price Impact
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