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Supreme Court Constitution Bench Examines Applicability of Part I of Arbitration Act, 1996 to Foreign-Seated Arbitrations. Reference Arises from Conflicting Views in Bhatia International and Venture Global Engineering.

The Supreme Court of India, by a reference order dated 16 January 2008, directed the listing of Civil Appeal No. 7019 of 2005 and connected matters be...

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Supreme Court Allows Appeal in Part in Foreign Currency Arbitral Award Enforcement Case. Twin Principles Laid Down: Date of Enforceability for General Conversion, Date of Deposit for Amounts Deposited in Court.

The Supreme Court addressed the issue of the correct date for converting a foreign currency arbitral award into Indian rupees for enforcement. The app...

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High Court of Karnataka Partly Allows Appeal for Enhancement of Compensation in Motor Accident Claim. Claimant Awarded Rs.20,000 by Tribunal, Enhanced on Appeal Under Section 173(1) of Motor Vehicles Act, 1988.

The appellant, Sri Veerabhadraiah Swamy, filed a claim petition under the Motor Vehicles Act, 1988, seeking compensation for injuries sustained in a m...

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High Court of Karnataka Dismisses Insurance Company's Appeal in Motor Accident Claim — Upholds Tribunal's Award for Injuries Sustained in Hit-and-Run Accident. Delay in Filing FIR Does Not Discredit Claim When Medical Evidence and Other Circumstances Corroborate the Accident.

The appeal was filed by the insurer, United India Insurance Co. Ltd., challenging the judgment and award dated 05.07.2012 passed by the Addl. Senior C...

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Bombay High Court Quashes Reopening of Assessment for UK Insurance Company in Income Tax Case — Lack of Fresh Material and Change of Opinion. Reopening under Section 147 of Income Tax Act, 1961 based on mere change of opinion without new tangible material is invalid.

The petitioner, The Prudential Assurance Company Ltd., a UK-incorporated insurance company registered as a sub-account of a Foreign Institutional Inve...