SC refers key legal issue on modification of arbitral awards to 5-judge bench, ET LegalWorld
The Supreme Court has referred to a five-judge Constitution bench the key legal issue of whether courts can modify arbitral awards under the provisions of the Arbitration and Conciliation Act, 1996. In a significant move, a bench comprising Chief Justice Sanjiv Khanna and justices Sanjay Kumar and KV Viswanathan, on Thursday, emphasised the need for […]
Reliance Infrastructure faces ₹494 cr arbitral award; Plans appeal, ET LegalWorld
Reliance Infrastructure Limited has received an arbitral award passed by a arbitral tribunal in the matter of arbitration between Aravali Power Company Private Limited and RIL in relation to a EPC Contract on December 18, 2024. A three-member arbitral tribunal by a 2:1 majority held in favour of APCPL. The Award against the Company is […]
Delhi HC refuses to interfere with arbitral award in favour of Jindal Saw, ET LegalWorld
The Delhi High Court has refused to interfere with an arbitral award, which directed GAIL to pay over USD 7 million to Jindal Saw Ltd. On October 29, a bench of Justices Visbhu Bakhru and Sachin Datta dismissed GAIL’s appeal against a single judge’s decision upholding the award, saying that it was “unmerited”. The dispute […]
Delhi HC observes non-applicability of Section 69 of Partnership Act to the arbitral proceedings, ET LegalWorld
The Delhi High Court has held that an interference with an Arbitral Award under Section 37 of the Arbitration and Conciliation Act, 1996 cannot go beyond the boundaries established by Section 34. Further observing that, The scope of a challenge under Section 34 of the Arbitration & Conciliation Act, 1996 is limited to the grounds […]
Appellate court cannot re-appreciate evidence to ascertain correctness of arbitral award: SC, ET LegalWorld
The Supreme Court on Friday said the appellate court cannot re-appreciate the evidence of dispute to ascertain the correctness of the award of arbitral tribunal. The top court, however, said the appellate court can interfere with the award only if it is in conflict with the public policy of India or is induced or affected […]
Delhi High Court stays enforcement of Rs 300 cr arbitral award against ENI Group, ET LegalWorld
The Delhi High Court has stayed further enforcement of a Rs 300-crore arbitral award that a consortium led by ONGC won against the Italian energy multinational ENI Group in 2021. Justice Prateek Jalan passed the stay order after the ENI group deposited over Rs 296 crore in the HC, which also gave liberty to the […]
Application for extension of time after the expiry of the period for making of the arbitral award is maintainable: SC, ET LegalWorld
On September 12, The Supreme Court on limited question of whether an application for extension of time under Section 29A of the Arbitration and Conciliation Act, 1996 can be filed even after the expiry of the period for making of the arbitral award has held that an application for extension of the time period for […]
Tenure of arbitral tribunal can be extended even after expiry of its term: SC, ET LegalWorld
The Supreme Court on Thursday held the fixed tenure of an arbitral tribunal to pass an award can be extended even after the expiry of term, saying the courts must strive to give “meaningful life” to a law to “avoid cadaveric consequences” leading to “unworkable scenarios”. The top court was dealing with conflicting judgements on […]