2025 SCC Vol. 1 Part 3
Conversion rate of foreign currency for computation of awarded amount must be considered
arbitration and conciliation act
Andhra Pradesh High Court upholds interim attachment of Iron Ore in arbitration dispute based on prima facie case and balance of convenience
The Court observed that though the appellant contended that the net worth of the company is Rs.91 crores and is not a fly-by-night company, no physical assets or any other alternative security is provided either before the Single Judge or before the present Court.
‘India has genius of devising a working system where self-executing contract can probably lead to minimal adjudication’: AGI Venkataramani at PHDCCI’s Conference
In association with ProUltimus Consulting, PHD Chamber of Commerce and Industry (PHDCCI) organised the conference on ‘Dispute Resolution & Arbitration Norms for Construction & Infrastructure Sectors’.
Arbitration Law Roundup: A quick recap of the top arbitration cases from November 2024
Top arbitration cases on unilateral appointment, seat of arbitration, limitation period, scope of judicial scrutiny and more.
Delhi Court orders conditional stay on attachment of Bikaner House; Directs payment of decretal amount in terms of Arbitral Award
The Court had ordered the attachment of the Bikaner House to enforce payment since neither did the Nagar Palika of the State of Rajasthan comply with the court order to file an affidavit of assets nor did it pay the petitioner per the arbitral award.
Patiala House Court orders attachment of Bikaner House to enforce payment under an arbitral award
The Nagar Palika of the State of Rajasthan failed to comply with court order to file an affidavit of assets despite being given multiple opportunities and failed to pay the petitioner in accordance with the arbitral award.
The Pendulum Swings Again — Supreme Court Circumscribes the Referral Court’s Powers Under Arbitration Law
by Ameya Gokhale* and Renjith Nair**
Supreme Court Crystallises the Law on Independence and Impartiality of Arbitrators in Indian Law: An Analysis of the Verdict in CORE II
by Vasanth Rajasekaran* and Harshvardhan Korada**
‘Existence of arbitration agreement in license agreement and share subscription agreement not in dispute’, Supreme Court refers matter to DIAC for appointment of sole arbitrator
“We have not expressed any opinion on the merits of the claim of either party including regarding the arbitrability of the dispute. All contentions and pleas are kept open for the parties to raise before the arbitral tribunal.”
Application for arbitrator’s appointment cannot be rejected on multiplicity alone if cause of action for subsequent arbitration arises: SC
“While applying the principles of Order 23 Rule 1 of CPC to applications under Section 11(6) of the Arbitration and Conciliation Act, 1996, it must be kept in mind that it will act as a bar to only those applications which are filed subsequent to the withdrawal of a previous Section 11(6) application filed on the basis of the same cause of action.”
Unilateral appointment clauses in public-private contracts violative of Article 14 of Constitution; Arbitrator’s selection from PSUs panel not a mandate: SC
The Arbitration and Conciliation Act, 1996 does not prohibit Public Sector Undertakings from empanelling potential arbitrators, however, an arbitration clause cannot mandate the other party to select its arbitrator from the panel curated by PSUs.
Delhi High Court impleads non-signatories as ‘veritable parties’ in arbitration proceedings for having substantial involvement in fulfilling terms of MoS
‘If the non-signatory’s actions align with the signatories, it could reasonably lead the signatories to believe that the non-signatory was a veritable party to the contract containing the arbitration clause.’
Whether the Law of Limitation is Applicable to the Claims under the MSMED Act, 2006
by Aparna Ramesh Devkar
Writ Jurisdiction and Arbitral Autonomy: Striking the Right Balance in India’s Arbitration Landscape
by Vasanth Rajasekaran* and Harshvardhan Korada**
Supreme Court explains how Non-Signatories may be bound by Arbitration Agreements
The Supreme Court elucidated the key factors through which the intention of the parties to be bound by an arbitration agreement can be gauged.
Application for extension of time for passing arbitral award under Section 29A of Arbitration Act is maintainable even after 18-month deadline for making of award: SC
“Section 29A intends to ensure the timely completion of arbitral proceedings while allowing Courts the flexibility to grant extensions when warranted. Prescribing a limitation period, unless clearly stated in words or necessary, should not be accepted. Bar by limitation has penal and fatal consequences.”
Impleading International Non-Signatories to a Domestic Arbitration: Analysing the Practical Implications
by Prashant Pakhiddey* and Manav Gill**