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High Court of Karnataka Upholds Arbitral Award in Commercial Appeal — No Interference Under Section 37 of Arbitration Act. Court holds that the arbitral tribunal's interpretation of contractual terms is final and not open to reappraisal in appeal unless perverse or contrary to public policy.

The case involves two connected commercial appeals arising from an arbitral dispute between Asset Reconstruction Company (India) Ltd. (ARCIL) and Many...

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Bombay High Court Allows Insurance Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased Driver. Claimants' Cross-Objection for Enhanced Compensation Dismissed as Deceased's Own Negligence Contributed to Accident.

The case arises from a motor accident claim where the deceased, Samsuddin Ansari, died in a truck accident. The claimants, being the wife, minor child...

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Bombay High Court Allows Insurance Company's Appeal in Marine Insurance Claim Dispute, Reduces Compensation. Court holds that the trial court had territorial jurisdiction but reduces the awarded amount due to errors in calculation of damages and interest.

The New India Assurance Co. Ltd. appealed against the judgment and decree dated 30th April 2013 passed by the Civil Judge, Senior Division, Panaji in ...

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Supreme Court Quashes NCLT Approval and NCLAT Judgment in Bhushan Power CIRP, Remands for Fresh Resolution Plan. Approved Plan Set Aside Due to Inordinate Delay, Illegal Extension Clause, Waterfall Violation, and Non-Compliance with IBC Provisions Including Sections 30, 31, and 53.

The Supreme Court adjudicated a batch of civil appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the approval of ...

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Supreme Court Strikes Down BCCL's Tender Decision for Arbitrariness and Discrimination. The Supreme Court upholds fairness and transparency in government contracts, ensuring compliance with constitutional principles.

The court held that government authorities, while exercising discretion in contractual matters, must ensure fairness, transparency, and equality. The ...