Category Archives: Arbitration Conciliation Law

Homebuyers are Financial Creditors under Insolvency Code: SC

The Supreme Court of India recently upheld the amendments made to the Insolvency and Bankruptcy Code in 2018 (“Code”) to treat homebuyers as financial creditors. The Court said that the original provisions concerning Financial Creditors under the Code always subsumed … Continue reading

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Winding up of companies fall within the exclusive jurisdiction of NCLT: NCLAT

The National Company Law Appellate Tribunal (NCLAT) reiterated that dispute relating to oppressional mismanagement and cases where winding up of companies may be required fall within the exclusive jurisdiction of National Company Law Tribunal and cannot be referred to arbitration. … Continue reading

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Arbitration clause has no existence in an unstamped agreement: SC

The Supreme Court of India recently held that an arbitration clause has no existence until the contract containing the arbitration clause is duly stamped. “When an arbitration clause is contained “in a contract”, it is significant that the agreement only … Continue reading

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Parties should seek remedies under Arbitration Act: BHC

The Bombay High Court recently held that when remedies are available to a party seeking an injunction under the Arbitration and Conciliation Act, 1996 (“Act”), an anti-arbitration injunction cannot be obtained to circumvent provisions of the Act. A three judge … Continue reading

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Arbitrator to be replaced as per agreement between parties: SC

Setting aside an arbitral award under Article 142 of the Constitution of India, the Supreme Court of India recently held that the courts cannot replace the arbitrator in deviation of the terms of the agreement between the parties The Court … Continue reading

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Awards must be challenged within the time limit: SC

The Supreme Court of India recently clarified that an application to set aside arbitral award must be made within the strict statutory timeline and this timeline cannot be extended thereafter by using the provision of “sufficient cause” under the Limitation Act, … Continue reading

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Past employee can be appointed as an Arbitrator: SC

The Supreme Court of India reiterated that being a past employee is not a disqualification for becoming an arbitrator provided there are no justifiable doubts as to the person’s independence and impartiality. The Court clarified that the argument that the … Continue reading

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