Tag: arbitral award
Deposit of awarded amount depends on facts and circumstances of each case: Bombay High Court while deciding on challenge to the award allowed 100% cash deposit of the arbitral award
Introduction: On 1st March 2024 (read with corrected order dated 13th March 2024), the Hon’ble High Court of Bombay (“the BHC” for short) passed an order in an interim application filed in the matter of
ARBITRAL AWARD IS NULL AND VOID IF PASSED PAST THE PRESCRIBED PERIOD: TELANGANA HC
The Telangana High Court comprising Justice P. Naveen Rao and Dr. Justice G. Radha Rani, in a recent Judgement1 held that the provisions of Section 29A of the Arbitration and Conciliation Act, 1996 (the “Act”),
Arbitrator cannot award Pre-Award Interest if the Terms of the Agreement Prohibits such Interest
The Supreme Court in its recent judgment decided by J. Chelameswar and J. Abdul Nazeer in Sri. Chittaranjan Maity v. Union of India[1] held that arbitrator cannot grant interest for the period between the date
Arbitral award amount is inclusive of pre-award interest
By J.Mandakini In a recent case,[1] the Supreme Court of India discussed the concepts of imposing pre-award and post-award interest on the arbitral award amount under the Arbitration and Conciliation Act, 1996 (“The Act”). Facts
Transmission of arbitral award not required for execution, Karnataka HC clarifies the position
By Srinivas Atreya Chatti The Karnataka High Court has, in a recent order dismissing a Writ Petition (Chandrashekhar v. Tata Motor Finance Ltd & Others)[1], clarified that for the purpose of executing an arbitral award
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