Tag Archives: arbitral

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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Arbitration and Conciliation (Amendment) Ordinance, 2015: Govt.

The President of India has promulgated the Arbitration and Conciliation (Amendment) Ordinance, 2015 (“Ordinance”). The Ordinance amends the provisions of Arbitration and Conciliation Act, 1996 (“Act”). http://goo.gl/U5BxeC The salient features of the amendments are as under: (i) In order to … Continue reading

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Interest not payable if agreed by parties: SC

The Supreme Court of India ruled that a party is not liable to pay interest to the other party if they have decided against paying interest on the amounts payable in the contract. “When parties to the contract had agreed … Continue reading

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No backdoor challenge to Arbitral Tribunal’s jurisdiction: SC

Denying a backdoor challenge to the jurisdiction of an Arbitral Tribunal, the Supreme Court of India recently ruled that a party to an arbitration proceeding shall not be permitted to raise objections under The Arbitration and Conciliation Act, 1996 (“Act”) … Continue reading

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Principal Civil or High Court in State is ‘court’ under Arbitration Act: SC

A Large Bench of the Supreme Court of India clarified that only the Principal Civil Court of original jurisdiction in a district or a High Court having original civil jurisdiction in the State can be termed as “court” for the … Continue reading

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Currency conversion date from date of passing of decree: DHC

In an important decision regarding enforcement of arbitral awards, the Delhi High Court held that the relevant date for currency conversion of the sum awarded would be the date of passing of a decree. Relying on an earlier Supreme Court … Continue reading

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Statutory period to challenge arbitral award begin when party receives the copy of the award: SC

In a recent judgment, the Supreme Court of India ruled that the statutory three (3) months period to file an application to set aside an arbitral award cannot start against the party intending to challenge the same unless a signed … Continue reading

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