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Bombay High Court Partially Allows Challenge to Arbitral Award in Contract Dispute — Liquidated Damages and Interest Reduced. Court upholds arbitrator's finding on delay but modifies interest rate from 7% to 6% per annum under Section 34 of the Arbitration and Conciliation Act, 1996.

The case involves a challenge under Section 34 of the Arbitration and Conciliation Act, 1996, by Indian Oil Corporation Limited (petitioner) against a...

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Supreme Court Upholds Arbitral Award in Consignment Agent Dispute — MMTC Ltd. v. Vedanta Ltd. Scope of Interference with Arbitral Award Under Section 34 of Arbitration and Conciliation Act, 1996 Limited to Grounds of Public Policy and Patent Illegality.

The Supreme Court dismissed the civil appeal filed by MMTC Ltd. against the judgment of the Bombay High Court which had upheld the majority arbitral a...

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High Court of Bombay at Goa Dismisses Petition by Corporation of the City of Panaji Challenging Compensation Award Under Section 48 of Land Acquisition Act, 1894. Court Holds That Petitioner Failed to Show Any Error in the Award and Scope of Judicial Review Is Limited.

The petitioner, Corporation of the City of Panaji, challenged an award dated 08.07.2014 passed by the Land Acquisition Officer (LAO) under Section 48 ...