Search Results for "Disclosure Obligations"

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Supreme Court Allows Appointment of Arbitrator in Government Contract Dispute Despite Non-Exhaustion of Pre-Arbitration Procedure. Party Autonomy and Minimal Judicial Intervention Upheld Under Section 11 of the Arbitration and Conciliation Act, 1996.

The appellant, Hindustan Construction Company Ltd., was awarded a contract by the respondent, Bihar Rajya Pul Nirman Nigam Ltd. (BRPNNL), on 04.03.201...

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High Court of Karnataka Quashes Show Cause Notice for Willful Defaulter Declaration Due to Lack of Application of Mind — Bank Issued Notice Without Considering Petitioner's Reply or Providing Adequate Opportunity Under RBI Master Circular.

The petitioner, B.G. Chandrashekar, a borrower from Canara Bank, defaulted on a loan of Rs. 7,07,94,378/-. The bank initiated recovery proceedings und...

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High Court Appoints Arbitrator in Contract Dispute Despite Respondent's Plea of Full and Final Settlement. Alleged Undertaking Under Economic Duress and Coercion Found to Be Not Conclusive of Settlement, Arbitration Agreement Exists Under Clause 96 of Contract.

The applicant, a sole proprietor carrying on business as a turnkey contractor, was awarded a contract by the respondent Slum Rehabilitation Authority ...