Search Results for "Binding settlement"

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Bombay High Court Enforces Foreign Arbitral Award in Favor of Singapore Seller Against Indian Buyer. Rejects Objections Based on Conflicting Jurisdiction Clauses and Public Policy Under Section 48 of Arbitration and Conciliation Act, 1996.

The petitioner, M/s. Louis Dreyfus Commodities Asia Pte Ltd., a Singapore-based company, filed a petition under Sections 47 and 48 of the Arbitration ...

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Supreme Court Allows Appeal Against Arbitrator Appointment in Tender Dispute Due to Absence of Concluded Contract. No Valid Arbitration Agreement Found as Letter of Intent Was Contingent on Formal Work Order Under Section 7 of Arbitration and Conciliation Act, 1996.

The dispute arose between Maharashtra State Electricity Distribution Company Limited (MSEDCL), a state government electricity distribution utility, an...

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Karnataka High Court Hears Appeal Against Trial Court Decree for Declaration and Possession of Party Premises; Issues of Maintainability of Representative Suit and Effect of Election Commission Recognition on Property Rights Considered

The dispute concerns premises No.3, Race Course Road, Bangalore, claimed by the Indian National Congress through its Karnataka Pradesh Congress Commit...

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Supreme Court Dismisses Appeal Against Initiation of CIRP Against Corporate Debtor Despite Payment by Guarantor's Resolution Applicant. Right of Subrogation Under Section 140 of Indian Contract Act, 1872 Not Available Where Resolution Plan Extinguishes Guarantee and No Payment of Entire Debt.

The case involves an appeal against the initiation of Corporate Insolvency Resolution Process (CIRP) against the 2nd respondent, Gujarat Hydrocarbon a...

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Supreme Court Allows Builder's Appeal in Consumer Dispute Over Flat Construction and Occupancy Certificate. National Commission's Directions Modified: Builder to Pay Rs. 25 Lakhs with Interest, Convey Title After Occupancy Certificate.

The Supreme Court partly allowed the appeal by M/s Treaty Construction & Anr. against the order of the National Consumer Disputes Redressal Commission...

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High Court of Karnataka Directs Police to Conduct Fair Investigation in Crime No.193/2022 in Accordance with Payment and Settlement Systems Act, 2007 and RBI/NPCI Guidelines — Petitioner PhonePe Private Limited seeks mandamus for comprehensive probe.

The petitioner, PhonePe Private Limited, a company registered under the Companies Act, 2013 and a Third Party Application Provider (TPAP) in the UPI e...

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Bombay High Court Dismisses Writ Petition Against DRAT Order Rejecting One Time Settlement in Debt Recovery Case. RBI Circular of 2003 Held Not Applicable to Accounts That Became NPA Before 31st March 2000.

The petitioners, Kanwar Vilas Raj Nath and another, filed a writ petition challenging an order of the Debts Recovery Appellate Tribunal (DRAT) dated 4...

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Bombay High Court Allows Appointment of Arbitrator in Railway Contract Dispute Under Section 11 of Arbitration and Conciliation Act, 1996. Failure of Respondent to Appoint Arbitrator Within 30 Days of Demand Triggers Court's Power to Appoint Arbitrator.

The applicant, M/s. Railtech Infraventure Pvt. Ltd., filed an application under Section 11 of the Arbitration and Conciliation Act, 1996 seeking appoi...