Tag: Arbitration and Conciliation Act

Arbitration Round-Up: 2023 So Far
1) Karnataka High Court: J.K. Technosoft Limited vs. Unikul Solutions Private Limited (11th July 2023)[1] The Hon’ble Karnataka High Court, based on the thumb rules of the much-deliberated judgment passed by the Hon’ble Supreme Court in

Supreme Court allows retrospective application of the amended S.29-A of the Arbitration and Conciliation Act, 1996
The Hon’ble Supreme Court (“the SC”) in the matter of Tata Sons Pvt. Ltd. (Formerly Tata Sons Ltd.) versus Siva Industries and Holdings Ltd. & Ors. settles law on retrospective applicability of amended S.29A of

In absence of an explicit clause on quantum of interest in a contract, compound interest cannot be awarded: Delhi High Court
In the case of M/s. Modi Construction Company vs. Ircon International Limited[1], the Hon’ble High Court of Delhi (“the Court”) while dealing with appeal filed under Section 34 of the Arbitration and Conciliation Act, 1996

Supreme Court Clarifies The Law On Payment Of Fees To Arbitrators
The Hon’ble Supreme Court (the SC) in Oil and Natural Gas Corporation Ltd. vs. Afcons Gunanusa JV[1] settled law on applicability of the Fourth Schedule (“the Schedule”) of the Arbitration and Conciliation Act, 1996 (“the

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”),

An Arbitral Award can be set aside only when it is vitiated by patent illegality: SUPREME COURT
The Supreme Court, in a recent judgement1, delivered on 30th March 2022, noted that apart from the grounds mentioned in Section 34(2)(b) of the Arbitration and Conciliation Act, 2013 (the “Act”), an arbitral award can
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