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High Court of Bombay Hears Section 34 Petition Challenging Arbitral Award Regarding Liability for Defects in Gas Turbine Generators. Award Deals with Claims for Damages Due to Breakdown and Repair Costs Under a Turnkey Contract.

The dispute arises from a contract between Thermax Limited (Petitioner) and Rashtriya Chemicals & Fertilizers Ltd. (Respondent) for the turnkey instal...

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Bombay High Court Dismisses Petition to Set Aside Arbitral Award in Revenue Sharing Dispute. Court upholds award granting 7% revenue share and costs, finding no patent illegality or perversity in arbitrator's interpretation of contract clauses.

The petitioner, Taj Air Ltd. (formerly Megapode Airlines Ltd.), filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, seeki...

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Bombay High Court Dismisses Section 9 Arbitration Petition and Winding Up Petition Against Corporate Debtor — No Prima Facie Case for Interim Relief or Insolvency as CDR Scheme Was Under Consideration and Debt Was Not Clearly Due.

The petitioner, Tata Capital Financial Services Ltd., a non-banking financial company, granted a term loan of Rs. 50 crores to the first respondent, U...

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High Court of Bombay at Goa Quashes Roznama Entry Dismissing Arbitration Suit in Absence of Signed Judgment. Failure to Comply with Sections 33 and Order XX Rules 1 and 2 CPC Renders Pronouncement Invalid, Directs Fresh Hearing on Merits.

The petitioner, M/s Karnataka Cement Pipes Factory Eng. and Contractors, filed a writ petition before the High Court of Bombay at Goa challenging a Ro...

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Bombay High Court Upholds Arbitral Award Setting Aside Compensation Levy in Construction Contract Dispute. Levy of Compensation Under Clause 2 of GCC Invalid for Non-Compliance with Contractual Mechanism of Show Cause Notice and Quantification.

The judgment concerns two arbitration petitions arising from a construction contract between the General Manager, Heavy Water Plant (Manuguru) (petiti...

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Bombay High Court Dismisses Appeal Against Arbitral Award in Stockbroker Dispute, Upholds Limitation and Maintainability. The Court held that the claim was within limitation due to acknowledgement of debt and that the arbitration application was maintainable despite directors' disqualification.

The Appellant, Kaynet Finance Limited, a member-broker at the National Stock Exchange of India, was appointed by the Respondent, Verona Capital Limite...