Bombay High Court Upholds Arbitral Award in Joint Venture Dispute — State Not Liable for Delay in Obtaining Approvals. The court held that the State Government did not breach the Joint Venture Agreement by failing to obtain necessary approvals within a reasonable time, as the agreement did not impose an absolute obligation on the State.
11 May 2012The appellant, Carol Info Services Limited, entered into a Joint Venture Agreement with the State of Maharashtra to establish a super specialty hospit...






