Bombay High Court Allows Appeal Against Rejection of Section 34 Petition in Arbitration Case — Arbitrator Exceeded Jurisdiction by Reopening Concluded Award. The court held that a second arbitration proceeding on the same subject matter is barred by res judicata under the Arbitration and Conciliation Act, 1996.
4 Jan 2013The appellant bank had granted a cash credit loan to the first respondent, who defaulted. The bank initiated arbitration under the Multi State Co-oper...




